Wall Street Journal, Mar. 29, 2016–Kusisto, Laura
Miami is facing a condo bust-again. Developers have started canceling projects, slashing prices and offering incentives such as private-jet access to spur sales, an ominous echo of the housing crash that pounded South Florida especially hard.
Wall Street Journal, Mar. 30, 2016–Tracy, Ryan
A federal judge overturned U.S. regulators’ determination that MetLife Inc. poses a threat to the financial system, granting the insurer a victory in its quest to avoid stricter rules and potentially undermining a central part of the 2010 Dodd-Frank law.
Wall Street Journal, Mar. 30, 2016–Brown, Ken
Banks are probably safer than people believe, and real estate, the sector investors are rushing to, has become riskier.
Bloomberg, Mar. 21, 2016–Yu, Hui-Yong; Perlberg, Heather
Starwood Hotels & Resorts Worldwide Inc. accepted an improved takeover offer from Marriott International Inc. valued at $13.6 billion, proceeding with plans to form the world’s largest hotel operator as investors led by China’s Anbang Insurance Group Co. seek to thwart the deal.
Wall Street Journal, Mar. 18, 2016–Hufford, Austen MGM Resorts International and Dubai World’s Infinity World Development Corp. will sell a Las Vegas luxury shopping center to mall operator Simon Property Group Inc. and Invesco Ltd. for about $1.1 billion, the latest payoff on a bet to remake the Las Vegas Strip.
Bloomberg, Mar. 18, 2016–Willmer, Sabrina
Rick Rieder, chief investment officer of global fixed income at BlackRock Inc., said some securitized debt, including commercial mortgages, is among the most attractive opportunities in an environment of moderating growth.
Wall Street Journal, Mar. 22, 2016–Jamerson, Joshua
Macy’s Inc. said Tuesday that it has tapped William Lenehan, an expert in real-estate investment trusts, to become a board member as the company continues to face pressure to spin off its real estate despite ruling out the move last year.
VEGAS Inc., Mar. 22, 2016–Morris, J.D.
MGM Resorts International’s new real estate subsidiary, which will own 10 of the company’s properties, filed a registration statement for an initial public offering.
Wall Street Journal, Mar. 23, 2016–Light, Joe
A group including some of the chief architects of the Obama administration’s housing policy released a paper Wednesday outlining a new proposal for how to deal with mortgage-finance giants Fannie Mae and Freddie Mac.
Scotsman Guide, Mar. 15, 2016–Whitman, Victor
CMBS loans aren’t competitive right now against other commercial loan types because of turbulence in the bond markets, analysts say. “Since the beginning of the year, an awful lot of analysts have cut their projections for 2016 by 25 percent to 30 percent or more,” said Jamie Woodwell, MBA’s vice president of research.
