National Real Estate Investor, Nov. 28, 2016–Bell, Diana
If income growth exceeds inflation, that results in discretionary income, which can help commercial real estate.
Category: Top National News
Tallest Skyscraper Planned for City of London Wins Approval
Bloomberg, Nov. 28, 2016–Sidders, Jack; Mayes, Joe
The 73-story building, which will include a public viewing gallery and restaurant at the top, as well as enough workspace for 10,000 people, was approved at a vote on Monday. The tower will be constructed by Aroland Holdings Ltd., a closely-held company based in Singapore.
How the Strategic Opening of Retail Stores Can Revitalize City Neighborhoods
National Real Estate Investor, Nov. 29, 2016–Richardson, Lyneir
The opening of a new retail store or restaurant can quickly bolster a neighborhood.
Waterfront Towers Reel In Unusual Loan Deal
Wall Street Journal, Nov. 27, 2016–Morris, Keiko
The partners behind a gargantuan apartment complex being built on Manhattan’s far West Side have nailed down $2.3 billion in construction financing at a time when money from traditional lenders is hard to come by.
Deutsche, Citi Team Up on Risk-Retention CMBS
Business Recorder/Reuters, Nov. 21, 2016
Deutsche Bank and Citigroup teamed up to offer a new $975 million commercial mortgage-backed securities bond they hope will satisfy new risk-retention rules that take effect next month. The banks plan to keep at least 5 percent of each class of the securitization.
Fed’s Powell Says Case for Rate Hike Has ‘Clearly Strengthened’
Bloomberg, Nov. 29, 2016–Condon, Christopher; Torres, Craig
Federal Reserve Governor Jerome Powell signaled his readiness to raise interest rates, as unemployment and inflation approach the central bank’s goals.
Some Mortgage REITs to Benefit from Trump Policies
Barron’s, Nov. 14, 2016–Stone, Amey
Analysts at FBR & Co. expect commercial mortgage real estate investment trusts to be among the beneficiaries of a Trump presidency as interest rates rise.
Two Potential Trump HUD Secretaries Are Touted
National Mortgage Professional, Nov. 14, 2016–Hall, Phil
Politico says Pamela Patenaude of Bipartisan Policy Center under consideration; Daily Caller says Westchester (N.Y.) county executive Rob Astorino in mix.
Six Property Types Strong Enough to Thrive in a Recession
National Real Estate Investor, Nov. 15, 2016–Bell, Diana
One thing is sure: eventually every commercial real estate cycle winds down. But which property types might be good hedges against an economic downturn?
Trouble Brewing in Commercial Real Estate
Wall Street Journal, Nov. 15, 2016–Grant, Peter
Defaults are rising in a key corner of the commercial real-estate debt market just as borrowing costs are set to jump.