Category: Top National News

Wall Street Journal, Sept. 6, 2017–Josh Barbanel (subscription)Stribling Private Brokerage said contracts signed on Manhattan listings of $5 million or more have been sliding since May compared with recent years, after showing signs of recovery earlier this year.

Wall Street Journal, Aug. 29, 2017–Peter Grant (subscription)Investors are raising funds to take advantage of busted condominium projects and other distressed property as a correction shows signs of spreading in parts of the commercial real estate industry.

Newsday (N.Y.), Aug. 29, 2017–Zachary R. DowdySen. Chuck Schumer, D-N.Y., will call on his fellow lawmakers in Congress on Tuesday to renew the National Flood Insurance Program as torrential rains and flooding from Tropical Storm Harvey pummel southern Texas.

Times-Picayune (New Orleans), Aug. 28, 2017–Drew BroachHurricane Harvey’s ghastly flooding in the Houston area is sure to focus political attention on the National Flood Insurance Program, a controversial government benefit that makes home ownership affordable to many in south Louisiana. It’s $24 billion in debt, and unless Congress acts in the next 34 days, it will expire.

Reuters, Aug. 25, 2017Low inflation and a strong labor market in the United States are allowing the Federal Reserve to be “patient” about when it next raises interest rates, Fed Governor Jerome Powell said Friday.

Barron’s, Aug. 30, 2017–Amey StoneMajor flooding in Texas is putting at risk about $19.4 billion in properties financed by commercial mortgage-backed securities, according to Morningstar Credit Ratings.

Wall Street Journal, Aug. 29, 2017–Esther Fung (subscription)Houston’s office and retail real-estate markets are likely to get hurt by lost business in the weeks and months immediately following Hurricane Harvey.

Wall Street Journal, Aug. 22, 2017–Craig Karmin (subscription)The Indian owners of the Plaza Hotel have hired a broker to sell the New York City landmark, a sign that a world-wide scramble among investors, celebrities and governments to acquire the property could be nearing an end.

Curbed.com, Aug. 22, 2017–Melissa RomeroThe King of Prussia, Pa., Business District has spent the past six years trying to turn King of Prussia’s reputation as a mega-mall into a place where people actually want to live.

National Real Estate Investor, Aug 15, 2017–David BodamerThe top commercial real estate brokers based on total global transaction volume in 2016.