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.

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.

UPS Takes a Stake in Retail Returns Specialist Optoro

Wall Street Journal, Dec. 20, 2016–Smith, Jennifer
United Parcel Service is investing in a logistics provider that helps companies take back and resell returned merchandise–an increasingly costly burden for retailers as consumers take their shopping online.

Which Hotels Could Gain From Airbnb Crackdown in NYC?

National Real Estate Investor, Dec. 12, 2016–Razin, Ely 
The crackdown on Airbnb hosts in New York City might not be so great for the gig economy or one of the start-ups that has come to represent it, but it could be a boon for low-end hotels in prime Airbnb territory.

Is CRE Past Market Peak?

National Real Estate Investor, Dec. 13, 2016
Based on NREI’s November survey of industry professionals, fewer commercial real estate insiders believe that the market is at its peak than was the case in October.