The Business Journal, July 19, 2017–Mike Sunnucks (subscription)New research shows the gender gap in the real estate industry.
Category: Top National News
If Banks Are Still Lending, What’s The Real Reason Behind The Growth Of Debt Funds?
Forbes, July 12, 2017–Champaign WilliamsA decade ago debt funds were the last option for borrowers looking for capital to get a project off the ground. Today these funds stand toe-to-toe with some of the country’s largest banks–and it is not because traditional lenders have ceased to take on commercial real estate debt.
REITs Have Complicated Relationship Status With Interest Rates
Forbes, July 10, 2017–Sam DiedrichAs an income-oriented sector, real estate investment trusts can be negatively affected by interest-rate increases. As interest rates rise, all else being equal, the income produced by REITs at the current stock price is worth less, and so prices generally fall in order to increase the yield of those stocks relative to other income producing instruments.
Facebook is Building a Village That Will Include Housing, a Grocery Store and a Hotel
Business Insider, July 7, 2017–Avery Hartmans Internet giant Facebook wants to build housing, retail stores, a hotel and more at its corporate headquarters–in short, Facebook wants to build its own town.
Natixis Facilitates First “Green Bond” CMBS Deal
Commercial Property Executive, July 7, 2017–Gail KalinowskiNatixis issued the first green-specific tranche in a CMBS to refinance part of Ivanhoé Cambridge and Callahan Capital Properties’ $358.6 million acquisition loan for New York City’s 85 Broad St.
The Amazon-Whole Foods Deal and Its Impact on Owners and Lenders
National Real Estate Investor, July 12, 2017–Eli RazinOn the heels of Amazon’s recently announced acquisition of Whole Foods for $13.7 billion, owners and lenders of Whole Foods-anchored properties are waiting to see what Amazon will do with the latest purchase the e-commerce giant has placed in its shopping cart.
Office Market Growth Slows
Wall Street Journal, July 4, 2017–Peter Grant (subscription)The pace of office-space leasing slowed in the second quarter, mostly because of sluggish activity in the country’s top five markets, according to new figures from data firm Reis Inc.
Monogram Residential to Be Acquired by Greystar Star-Led Group
Wall Street Journal, July 4, 2017–Dana Mattioli (subscription)Monogram Residential Trust Inc. said Tuesday it agreed to be acquired by Greystar Growth and Income Fund LP, an investment group led by Greystar Real Estate Partners LLC, in a deal valued at $2 billion.
More Securitized Commercial Real Estate Debt Becomes Delinquent in June
Dow Jones Newswire, July 4, 2017–Esther FungThe delinquency rate for securitized commercial real-estate loans jumped 28 basis points to 5.75% in June from May, the biggest month-over-month increase since March 2012 and up sharply from the 4.6% recorded in June last year, according to real estate provider Trepp Inc.
Why You’d Want to Build a Skyscraper Like an iPhone
Wall Street Journal, July 2, 2017–Christopher Mims (subscription)With tech-enabled modular design and building, the construction industry, like consumer electronics, can benefit from economies of scale.