Investor’s Business Daily, June 17, 2016 How large of an investment opportunity is being created by the upcoming Sept. 1 expansion of the familiar 10 major sectors with the debut of a new, 11th sector devoted to real estate, in benchmarks such as the S&P 500 and others run by S&P Dow Jones Indices and MSCI? The impact could be big.
Category: Top National News
Conversation With: Emmitt Smith, E Smith Realty Partners
D Magazine, June 16, 2016–Perez, Christine
Like his role model Roger Staubach, football great Emmitt Smith has parlayed success in football to success in commercial real estate.
America’s Dying Shopping Malls Have Billions in Debt Coming Due
Bloomberg, June 16, 2016–Mulholland, Sarah; Evans, Rachel
A wave of debt from the last decade’s borrowing binge is coming due for shopping centers. Nearly $47.5 billion of loans backed by retail properties will mature over the next 18 months, coinciding with a tighter market for commercial-mortgage backed securities, where many such properties are financed.
Are Millennials Having a Noticeable Impact on the Office Market?
National Real Estate Investor, June 21, 2016–Byrne Denham, Barbara; Calanog, Victor
An office market conundrum: the job market has been fairly steady, but office occupancy growth has been sluggish. Is it because employers are squeezing new staff into smaller spaces, especially Millennials who are more tolerant of this? Or is there some other cause?
Is a ‘Storm’ Brewing in Commercial Real Estate?
New Hampshire Business Review, June 22, 2016–Feingold, JeffTwo more voices–the Federal Reserve and money management firm PIMCO–joined the growing chorus of concern over the state of the U.S. commercial real estate market.
Fed Decision Makers Wrestle With So-Called Natural Rate
Wall Street Journal, June 12, 2016–Torry, Harriett
Signs point toward the Federal Reserve’s “new normal” interest rate being much lower than in the past, which has broad implications for when the Fed should tighten monetary policy, how quickly and how far.
MBA: Commercial Loans Strong; Few Late-Pays
GlobeSt.com, June 9, 2016–Bubny, Paul
The Mortgage Bankers Association’s Jamie Woodwell cites “strong fundamentals and strong property prices, as well as still-low interest rates” underpinning commercial mortgages.
Commercial Property Gets Shakeup From Millennials Who Shun Stuff
Bloomberg, June 9, 2016–Chiglinsky, Katherine
Retail property landlords should counter the threat from e-commerce by turning to dining and entertainment to attract a younger generation of customers, said MetLife Inc.’s asset manager.
With Economic View Hazy, a Wait-and-See Fed Message Expected
Associated Press, June 13, 2016
A wait-and-see tone is expected when the Federal Reserve issues a statement on Wednesday. The Fed will likely echo the message the Fed Chair Yellen sent in a speech last week: while the U.S. economy looks fundamentally solid and higher rates will come eventually, too many uncertainties exist to say when the Fed might raise rates again.
A Slimmer Vornado Realty Looks Toward a Final Cut: Washington, D.C.
Wall Street Journal, June 14, 2016–Brown, Eliot
For six years, real-estate giant Vornado Realty Trust has been lopping off chunks of its empire in a bid to slim down from a sprawling property conglomerate to one more svelte and focused. Now it appears to be nearing a final excision: Washington, D.C.