Wall Street Journal, Oct. 16, 2016–Morris, Keiko
SL Green’s One Vanderbilt will stand next to Grand Central Terminal and will soar over the Chrysler Building.
Category: Top National News
Supervalu to Sell Save-A-Lot Chain to Onex for $1.37 Billion
Bloomberg, Oct. 17, 2016–Serafino, Phil; Giammona, Craig; Deveau, Scott
Supervalu agreed to sell its Save-A-Lot grocery business to Canada’s Onex Corp. for $1.37 billion in cash, offloading a discount chain at a time of heavy price competition.
Cushman Lures Eastdil Secured Sales Team
Wall Street Journal, Oct. 16, 2016–Agovina, Theresa
Cushman & Wakefield CEO Brett White made his boldest move since last year when new ownership brought him in to take the lead role at the real-estate services firm.
A New Real-Estate War in Silicon Valley
Wall Street Journal, Oct. 18, 2016–Brown, Eliot
Soaring apartment costs in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords in America’s technology capital: rent controls.
More Pension Fund Money Flowing to Commercial Real Estate
National Real Estate Investor, Oct. 19, 2016–Mattson-Teig, Beth
Pension funds have been following a clear path of increasing allocations to real estate over the past several years.
Will FHFA Raise Agency Caps Again in the Fourth Quarter?
National Real Estate Investor, Oct. 13, 2016–Mattson-Teig, Beth
Robust multifamily lending prompted the Federal Housing Finance Agency to raise its market-rate lending caps at both Fannie Mae and Freddie Mac twice this year and the door is still open on a third increase before year-end.
Commercial Mortgages: Real Estate Near the Top of the Cycle But Not Zooming Off Cliff
Richmond Times-Dispatch, Oct. 16, 2016–Little, Andrew
The overall feeling in commercial real estate is that we are near the top of the cycle, but unlike 2007, there is no great fear that we are zooming straight for a cliff.
America’s New Normal Will Look Pretty Slow, Fed Economist Says
Bloomberg, Oct. 11, 2016–Smialek, Jeanna
San Francisco Fed says new normal for long-run U.S. economic growth could be 1.5 percent to 1.75 percent a year.
Why Now is the Perfect Time to Invest in Real Estate
HousingWire, Oct. 10, 2016–Hackmyer, Erica
An upswing in the real estate market is prompting experienced investors to return and even inspiring confidence in newbie investors to try their hand at investing.
Real Estate Investors on U.S. Coasts Target Cheap, Out-of-State Markets
Reuters, Oct. 7, 2016–Randall, David
HomeUnion is among a small crop of new companies, including competitors Investability and Roofstock that offer ways to buy, renovate and manage properties in markets that command relatively strong rents compared to their low home prices.