Boston Globe, May 31, 2016–Horowitz, Evan
If you live near Boston, you already know that housing is expensive. Rents and mortgages eat up a growing share of middle-class incomes. And among the poor, affordable housing is as rare as it is essential.
Wall Street Journal, May 31, 2016–Morris, Keiko
At 52 stories, the glass-and-concrete skyscraper on Manhattan’s far West Side has been detailed in dozens of glossy renderings and constructed in miniature for tabletop models. Now, the first building in the massive Hudson Yards project is finally to scale and ready for business.
National Real Estate Investor, May 31, 2016–Anderson, Bendix
Crowdfunding websites are becoming an important piece of the real estate financing puzzle, especially for apartment developers who need a little extra debt or equity to complete their plans.
National Real Estate Investor, June 1, 2016–Mattson-Teig, Beth
The volume of commercial and multifamily construction loans put in place in January reached $311.3 billion based on total project value. That represents a 14.3 percent increase year-over-year and a 40.7 percent increase compared to January 2014, according to the Mortgage Bankers Association’s Commercial/Multifamily Quarterly Databook for fourth quarter 2015.
Bloomberg, June 1, 2016–Chiglinsky, Katherine
MetLife Inc., the largest U.S. life insurer, is increasing bets on real estate as the company scales back investments in hedge funds.
Associated Press, June 1, 2016–Crutsinger, Martin
Construction spending dropped 1.8 percent in April after a 1.5 percent gain in March, the Commerce Department reported Wednesday. It was the biggest monthly decline since a 4.1 percent plunge in January 2011.
Reuters, May 19, 2016–Mutikani, Lucia
The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign the economy was picking up speed in the second quarter and likely would be healthy enough for the Federal Reserve to raise interest rates in June.
National Mortgage News, May 20, 2016–McKendry, Ian
Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.
Associated Pres, May 22, 2016–Lima, Debora
As Miami’s condo market loses traction amid a softening world economy, developers are shifting gears and rental apartments are sprouting throughout Miami-Dade.
NPR, May 23, 2016–Noguchi, Yuki
Many of the department stores that once anchored bustling shopping malls continue to close. Mall owners are adding movie theaters, restaurants, gyms and other ‘experiential’ tenants instead.
