HousingWire, Jan. 13, 2017–Ramirez, Kelsey
Although consumer optimism increased after the election of President-elect Donald Trump, 2017 saw a dip in that optimism.
Category: Top National News
Foreign Money Looks Beyond Gateway Cities for Apartment Assets
National Real Estate Investor, Jan. 17, 2017–Anderson, Bendix
U.S. apartment properties still look good to foreign investors.
Trump Era: Mix of Optimism, Uncertainty in CMBS
Commercial Property Executive, Jan. 18, 2017–Fiorilla, Paul
A year ago, commercial mortgage-backed securities market players were debating how much new regulations requiring issuers to “eat their own cooking” would disrupt the industry.
More Than an Apartment, Not Exactly a Hotel: WhyHotel Looks for the Sweet Spot
Washington Post, Dec. 21, 2016–Sullivan, Patricia
Vornado’s The Bartlett apartment tower in Arlington, Va. looks and feels like an AirBnB home-share, but is run by professionals in a sizable new apartment block. Newmark Grubb Knight Frank’s Greg Leisch called the apartment industry “very slow, way behind the hotel and office industry in participating in the sharing economy.”
REIT IPOs Continue to Face Hurdles
National Real Estate Investor, Jan. 4, 2017–Mattson-Teig, Beth
The real estate investment trust market saw few new players added to the roster in 2016. The sedate pace of IPO activity is testament to the challenging pricing market that still exists, and 2017 is shaping up to be another slow year.
Fed Officials See Gradual Rate Hikes as Upside Risks Debated
Bloomberg, Jan. 4, 2017–Condon, Christopher; Torres, Craig
Federal Reserve officials focused on the impact of potential fiscal stimulus during their December policy meeting, with many starting to worry that the central bank might eventually be forced to quicken the pace of interest-rate increases to head off higher inflation.
Real Capital Markets: Investors Still Sweet on Commercial Real Estate
Real Estate Journals, Jan. 4, 2017–Rafter, Dan
Investors still love commercial real estate. And they love multifamily properties most of all.
Apartment Building Buyers Unmoved by Interest Rate Hike
National Real Estate Investor, Dec. 20, 2016–Anderson, Bendix
It’s easy to assume that higher interest rates will naturally lead buyers of apartment properties to demand higher yields on their investments. But investor yields and interest rate often move in different directions.
Times Square Landlords Seek Tenants With ‘Experience’
Wall Street Journal, Dec. 18, 2016–Morris Keiko
Times Square’s flashy retail scene is known for its hordes of tourists drawn to Broadway shows, mass-market shopping options and kitsch. But asking rents have plunged 18% as more shopping moves online. That has prompted landlords to seek out more “experiential retail,” such as food and entertainment venues, and more interactive elements in stores.
Tom Perkins’s Penthouse in Sinking Millennium Tower Sells
Wall Street Journal, Dec. 16, 2016–Taylor, Candace
Buyer Craig Ramsey said he paid a ‘very reasonable’ $13 million for the unit in the San Francisco building, which has been beset by reports that it is sinking and tilting.