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.
Category: Top National News
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.
Marshall Mills: Retail Market Reaches New Heights
D Magazine, Jan. 30, 2017–Marshall MillsBest market ever? For the Dallas-Fort Worth retail market, you’d have to say yes when considering our current high occupancy, supply in line with demand and economic strength that continues to drive retail growth.
The Long View: The Danger of a Multifamily Mortgage Morass
The Real Deal (N.Y.), Feb. 1, 2017–Konrad PutzierMark Zandi, chief economist with Moody’s Analytics, picked multifamily lending as one of the two greatest near-term risks to U.S. financial institutions (along with automobile loans). And Zandi isn’t alone.
Who Will Pay for San Francisco’s $750 Million Tilting Tower?
Bloomberg, Feb. 1, 2017–James Tarmy; Kartikay MehrotaThe Millennium Tower is still sinking, and residents might be stuck paying for the fixes themselves.
Senate Banking Committee Approves Carson for HUD Role
National Mortgage Professional, Jan. 24, 2017–Hall, PhilThe Senate Banking Committee approved Ben Carson’s nomination for HUD Secretary and the full Senate will consider it. “We believe that because of his talents, Dr. Carson will help strengthen America’s real estate markets, promoting the production of affordable rental housing, and improving communities nationwide,” said Mortgage Bankers Association president and CEO David Stevens.
Blackstone Wins Fannie’s Backing for Rental Home Debt
Wall Street Journal, Jan, 24, 2017–Dezember, RyanFannie Mae agreed to backstop up to $1 billion in debt from the country’s largest owner of single-family rental homes, the first time the government-sponsored entity has agreed to guarantee the debt of an institutional owner of single-family houses.
