Wall Street Journal, June 8, 2016–Brown, Ken
Real estate investment trusts are by far the best-performing asset class in the market over the past 15 years, but most actively managed funds have largely ignored these stocks.
Category: Top National News
Here’s Why You Should Start Investing in Single-Family Rentals
HousingWire, June 8, 2016–Swanson, Brena
The single-family rental market comprises 13% of all occupied housing and 37% of the total rental market and is only poised for more growth from here, a white paper from the National Rental Home Council said.
Blackstone Said Planning $1.1 Billion European Hotels Sale
Bloomberg, May 27, 2016–Fahmy, Dalia; Callahan, Neil
Blackstone Group LP, the world’s biggest private-equity property investor, is said to plan to sell hotel buildings in London, Dublin and Amsterdam for 980 million euros ($1.1 billion).
Fed’s Bullard Says Global Markets Seem Well-Prepared for Summer Rate Hike
Reuters, May 30, 2016–Kim, Christine; Lee, Se Young St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move.
Boston Housing is Expensive, But It’s Not San Francisco
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.
First Hudson Yards Tower Set to Open
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.
Crowdfunding Fills Construction Lending Gap Left by Banks
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.
Banks Take a Step Back on Construction Loans
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.
MetLife Boosts Mortgage Loans After ‘Choppy’ Hedge Fund Results
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.
U.S. Construction Spending Tumbled in April
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.