National Real Estate Investor, April 3, 2017–Eli RazinBank of the Ozarks, based in Little Rock, Ark., broke into CrediFi’s ranking of the top 10 New York City lenders in the fourth quarter of 2016 with over $500 million in loan originations and a 3.0 percent market share.
Category: Top National News
Altisource Residential Growing Single-Family Rental Business Again
HousingWire, Mar. 31, 2017–Ben LaneFriday, the company announced that it is growing its single-family rental portfolio again, in another deal with Amherst Holdings affiliates.
Inside Blackstone’s $500 Million Willis Tower Makeover
National Real Estate Investor, Mar. 31, 2017–Patricia KirkChicago’s 43-year-old Willis Tower (formerly Sears Tower), which at 110 stories is the tallest building in Chicago and the nation, is getting a $500-million facelift, expected to be completed in 2019.
Eight Economists Offer Investment Advice for 2017
National Real Estate Investor, Mar. 29, 2017–Diana BellReal estate economists and researchers share their advice for today’s commercial real estate investors.
Uncertainty Weighs on Apartment Lending Sector
National Real Estate Investor, Apr. 4, 2017–Bendix AndersonJust when lenders and borrowers thought interest rates would finally start to rise in 2017, interest rates stopped going up. Lenders are struggling to adapt. But they keep on lending.
Richmond Fed’s Jeffrey Lacker Steps Down Over His Role in 2012 Leak Case
Wall Street Journal, Apr. 4, 2017–David Harrison; Ben Leubsdorf; Michael S. Derby (subscription)Federal Reserve Bank of Richmond President Jeffrey Lacker said he was stepping down effective Tuesday in a statement that revealed his involvement in an alleged 2012 leak of confidential Fed information.
Commercial Real Estate Cools
Scotsman Guide, Apr. 4, 2017–Victor WhitmanDespite the early-year slowdown in sales, the Mortgage Bankers Association projected a record year for commercial and multifamily originations.
America is ‘Over-Stored’ and Payless ShoeSource is the Latest Victim
Washington Post, Apr. 5, 2017–Travis AndrewsPayless ShoeSource became the latest major retailer to declare financial distress when, on Tuesday, the company filed for Chapter 11 bankruptcy and announced a restructuring plan that includes the immediate closure of 400 stores in the United States and Puerto Rico.
The Dead Heads of Commercial Real Estate (Including POTUS)
Commercial Observer, Mar. 23, 2017–Larry GetlenThroughout the New York real estate world, love for the Grateful Dead is ever-present, a mellow vacation and flipside to the hard-charging world of the real estate business.
With Homeownership at 50-Year Low, U.S. Becoming a Nation of Renters
GoRion, Mar. 28, 2017–Sam BourgiJust 63 perecnt of American households owned a home in 2016–the lowest rate in 50 years–and there’s reason to believe the rate will continue to decline as low inventories, affordability challenges and an uneven recovery make homeownership less of a reality for many Americans.