National Mortgage Professional, Feb. 6, 2017–Phil HallNearly 6.5 percent of home build before 2000 and 10.3 percent of homes built in the 1990s were transitioned from owner-occupied into rental properties, according to a new study from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America.
Category: Top National News
What to Expect from the Debt Markets in 2017
National Real Estate Investor, Feb. 6, 2017–Elaine MisonzhnikAll types of capital providers-banks, insurance companies, conduit lenders and private equity funds-are actively looking for deals, and loan terms continue to be attractive, even if loan-to-value ratios have not moved much above 65 percent.
Office Landlords Leverage Co-Working Style Designs to Retain Tenants
National Real Estate Investor, Feb. 3, 2017–Patricia KirkOffice building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients.
Why Malls Are Closing and How Granite Run Mall Seeks to Defy the Trend
Philadelphia Daily News, Feb. 3, 2017–Suzette ParmleyBET Investments took a leap of faith when it acquired the ailing Granite Run Mall in 2013 for $24.2 million. The previous owner had walked away from a $128 million loan on the abandoned suburban mall, leaving the keys and mortgage to the lenders.
Banks with Room to Grow in CRE Take Advantage of Rivals’ Pullback
National Mortgage News, Feb. 3, 2017–Allison PrangA number of banks are tapping the brakes on commercial real estate lending, giving others an opportunity to make more loans at better terms.
John Alvarado: Creating a Real Estate Legacy
D Magazine, Jan. 31, 2017–John AlvaradoNew talent is beginning to make its mark on the commercial real estate arena. Legacy names. The children of highly successful and influential developers, investors, attorneys and brokers are beginning to filter into the professional ranks.
Micro-Unit Trend Spreads to Smaller Markets
National Real Estate Investor, Jan. 31, 2017–Bendix AndersonFor many decades, few developers thought to build micro-unit apartments except as single-room occupancy properties for very low-income people. Today, however, with a apartment vacancies in the low single digits in many metros, developers are investing in such properties, often including fancy amenity spaces to offset the very small living spaces.
2016 Marked a Decline in Investment Sales Volumes
National Real Estate Investor, Jan. 27, 2017–Diana BellInvestment sales volume in the commercial real estate sector for 2016 fell about 11 percent year-over-year, but sources say the decline in transactions was skewed by a “gangbuster” 2015 marked by significant platform and portfolio sales.
Morningstar: Here’s the Impact of Rising Interest Rates on Mortgage-Backed Securities
HousingWire, Jan. 26, 2017–Ben LaneMorningstar suggests that between the Fed’s decision to raise rates and the indication that more rate increases are to come, mortgage-backed securities prepayments will fall throughout 2017.
Why the Homeownership Rate Isn’t Likely to Take Off Anytime Soon
Wall Street Journal, Jan. 31, 2017–Laura KusistoThe rate is being dragged down by tight credit and young households putting off purchasing their first homes.