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.
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.
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.
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.
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.
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?
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.
Bloomberg, Nov. 16, 2016–Duy, Timothy A.
Trump can nominate two governors to fill open positions on the Fed Board immediately. Yellen’s position as chair expires Feb. 3, 2018. Trump previously stated he would replace her with a Republican. That would be a third spot.
Wall Street Journal, Nov. 10, 2016–Jamerson, Joshua
Macy’s Inc. posted another quarter of lower sales at existing stores and struck a deal that could further shrink its retail footprint.
Midwest Real Estate News, Nov. 16, 2016–Rafter, Dan
Now that the presidential election is over, it’s time to ask the big question: How will a Donald Trump presidency affect commercial real estate?
