National Mortgage News, May 25, 2017–Brian Collins (subscription)President Trump has nominated Paul Compton, an Alabama attorney with affordable housing experience, to serve as general counsel for HUD.
Category: Top National News
New Office Spec In DC Is Getting Scary. So Why Is It Happening?
GlobeSt.com, May 26, 2017–Erika MorphyThere are currently 24 office buildings under construction in Washington, D.C. Vacancies are at cyclical highs and much of the product that delivered in the last 24 months remains largely vacant, yet speculative construction continues.
The Commercial Market is ‘Frothy’ Right Now and Low Interest Rates are to Blame: Zell
The Real Deal (New York), May 12, 2017–E.B. SolomontThe commercial real estate market is getting frothy and low interest rates are to blame for asset inflation and impending oversupply issues, said billionaire Sam Zell.
Retail: It’s Not All Doom and Gloom
Commercial Observer, May 16, 2017–Lea Overby, Edward DittmerAs the retail landscape shifts, the property sector should remain stable nationally, buoyed by a lack of new construction and brick-and-mortar retailers’ abilities to innovate in response to increased competition (MBA mention).
Big Developers Roll Out Co-Living Units to Woo Millennials
Wall Street Journal, May 16, 2017–Peter Grant (subscription)Numerous startup companies, including WeWork Cos., have launched apartment-sharing businesses that rent out individual rooms rather than entire apartments.
Mall Owners Flex Hidden Muscles Over Lenders
Wall Street Journal, May 16, 2017–Esther Fung (subscription)Mall lenders would rather suffer huge losses than take over struggling properties.
The Bronx is Bubbling: Investors are Placing Huge Bets on the Borough–But the Numbers May Not Pencil Out
The Real Deal (New York), May 15, 2017–Ben St. ClairThe Bronx has become a destination for investors seeking high returns–not only in new development, which is booming, but also in the borough’s existing apartment building stock.
The Retail Apocalypse is Coming–It Just May Take Longer than People Think
Business Insiders, May 14, 2017–Joe CiolliInvestors are wagering on closures and bankruptcies–events that would hurt holders of commercial mortgage-backed securities.
Urban Institute: Demand for Institutional SFR Financing Will Grow
HousingWire, May 11, 2017–Kelsey RamirezEarlier this year, Fannie Mae backed Blackstone’s Invitation Homes’ $1 billion single family rental debt. Now, many are beginning to speculate over the GSE’s future moves in the SFR market.
Batter Up! The Commercial Mortgage REITs
Forbes, May 8, 2017–Brad ThomasThe commercial real estate market is in enjoying extra innings of the cycle and that means investors should stay focused for opportunities to diversify and take advantage of the continued economic recovery.