Wall Street Journal, Apr. 26, 2016–Brown, Eliot
Google parent Alphabet Inc. has legions of Web developers. Soon it might be in need of real-estate developers.
Category: Top National News
Mortgage REITs are Enjoying a Renaissance
MarketWatch, Apr. 26, 2016–Riquier, Andrea
As the housing market recovers, investors are taking another look at some of the investments derived from bets on mortgage credit. Real estate investment trusts that buy mortgage-backed securities and other income-producers may be ready for their moment.
Regulators to Call for Banks to Have Year’s Worth of Liquidity
Wall Street Journal, Apr. 25, 2016–Borak, Donna
Large U.S. banks would have to prove they have enough cash to withstand severe market turmoil lasting as long as a year under a new rule set to be proposed Tuesday.
Down Market Presents Surprising Opportunities for Commercial Deals
Commercial Observer, Apr. 25, 2016–Mandell, David
Mandell said the economy is on the cusp of an economic downturn. “We’re at a stage where the commercial real estate community has to make a choice: fall victim to the state of the market as we have in years past, or start planning for a down market and adopt unique strategies that will drive commercial sales regardless of the state of the economy.”
Department Stores Need to Cull Hundreds of Sites, Study Say
Wall Street Journal, Apr. 24, 2016–Kapner, Susan
Department stores need to close hundreds of locations if they want to regain the productivity they had a decade ago, according to new research from Green Street Advisors. The real-estate research firm estimates that the closures could include nearly 800 department stores, or about a fifth of all anchor space in U.S. malls.
Developers Are Turning Rust Belt Hulks Into Luxury Hotels
Bloomberg News, Apr. 22, 2016–Clark, Patrick
Developers have started to leverage adaptive reuse over the past three years, leading to creative conversions across the U.S., often from vacant or underutilized office buildings to full-service, lifestyle and select-service hotels.
Blackstone Now Owns More Than $100B in Real Estate
The Real Deal (New York), Apr. 21, 2016–Putzier, Konrad
The Blackstone Group’s real estate division passed the $100 billion mark in assets under management in the first quarter, while its earnings recovered slightly from a dip at the end of 2015.
MBA to the Next President: Here are 3 Ideas to Save the Housing Market
Housing Wire, Apr. 26, 2016–Stevens, David
We are in a housing crisis. This statement is not meant to invoke a sense of shock; it’s simply an expression of fact.
Sam Zell Says U.S. Economy Doing Pretty Well, But Cycle “In The Ninth Inning”
The Real Deal Los Angeles, Apr. 15, 2016–Mashayekhi, Rey
Real estate investor Sam Zell said the U.S. economy is “doing pretty well,” but added that the cycle “is in the ninth inning.”
Could the San Francisco Real Estate Market Finally Be Slowing Down?
MarketWatch, Apr. 16, 2016–Goldstein, Daniel
That sound you hear may be some air finally escaping from the inflated San Francisco real estate market.