Fortune, June 23, 2017–Phil WahbaYou can add another 20 Sears and Kmart stores to retail’s graveyard.
Category: Top National News
MBA: Lower Commercial and Multifamily Originations Forecasts
National Mortgage Professional, June 22, 2017–Phil HallThe Mortgage Bankers Association is forecasting the level of commercial and multifamily mortgage originations will end 2017 with a whimper instead of a bang.
Emmitt Smith Parts Ways with E Smith Realty Partners
D Magazine, June 28, 2017–Lily CorralNFL Hall of Famer and founding partner Emmitt Smith is parting ways with the real estate firm that carries his name.
The Real Reason Amazon Buying Whole Foods Terrifies The Competition
CNBC, June 20, 2017–Matthew Yglesias A Whole Foods under Amazon’s stewardship will almost certainly accept lower profit margins than it does as an independent chain–and that spells trouble for everyone else in the grocery business.
Commercial Mortgages: Commercial Real Estate Values Are Peaking
Richmond (Va.) Times-Dispatch, June 19, 2017–Andrew LittleMuch like one of Tennessee’s state songs, Rocky Top, commercial real estate values are peaking and it is a little rocky at the top.
More than Half of U.S. Renters Can’t Afford a Mortgage
MarketWatch, June 16, 2017–Jacob PassyAcross the country, only 45% of renters on average can afford the payments on a median-priced home in their area, according to new report on the state of housing from Harvard University’s Joint Center for Housing Studies.
Commercial Mortgage Debt Tops $3 Trillion
Scotsman Guide, June 16, 2017–Victor WhitmanCommercial and multifamily debt held by banks and other major investors surpassed the $3 trillion mark for the first time ever in the first quarter, the Mortgage Bankers Association reported.
Freddie Mac Securitization Could Help the Affordable Housing Challenge
National Real Estate Investor, June 20, 2017–Bendix AndersonFreddie Mac issued hundreds of millions of dollars in bonds secured by loans to affordable housing properties, upping the ante on its securitization programs.
1031 Exchange, a Cherished Real Estate Tax Break, Faces Extinction
Wall Street Journal, June 13, 2017–Peter Grant; Richard Rubin (subscription)To finance a possible tax rate cut, some in Congress are eyeing the provision, which allows sellers to defer capital-gains taxes by reinvesting in other properties.
U.S. Commercial Mortgages Oustanding Reach Record $3 Trillion–MBA
Reuters, June 13, 2017–Richard LeongU.S. commercial real estate loans outstanding topped $3 trillion for the first time ever at the end of the first quarter, the Mortgage Bankers Association said on Tuesday.