Developers Cut $5 Billion Deal With Lenders, Tenants to Finance Hudson Yards

Wall Street Journal, Dec. 11, 2015–Grant, Peter
Hudson Yards, a sprawling complex of office buildings, apartments and retail space that skeptics doubted would ever be completed, passed another milestone as its developers Friday finalized $5 billion in debt and equity financing and cut a deal with another major business to buy office space.

Financing a Multifamily Home

New York Times, Dec. 11, 2015–Prevost, Lisa
For buyers willing to take on the role of landlord, multifamily properties can be one of the more affordable ways into pricey housing markets.

CMBS Pools Are Increasingly Dropping Loans Before Closing: Fitch

National Mortgage News, Dec. 11, 2015–Peters, Andy
Securitizations that involve commercial mortgages are increasingly dropping loans from their pools before the final transactions close, according to Fitch Ratings.

Rent Increases Finally Slowing

Creators Syndicate, Dec. 12, 2015–Woodard, Jim
An increasing supply of rental units is slowing the rise in rents. The annual rent appreciation has slowed for the past three consecutive months as more apartments become available.

As Commercial Real-Estate Prices Soar, Fed Weighs Consequences

Wall Street Journal, Dec. 11, 2015–Hilsenrath, Jon; Harrison, David
Five Federal Reserve officials-gathered at a conference table in Charlotte, N. C.-had to determine if hypothetical booms in commercial real estate and corporate borrowing risked collapse and damaging fallout for the broader economy.

Commercial Real Estate Boom Won’t End on Higher Rates

The Street, Dec. 14, 2015–Schaffler, Rhonda
The commercial real estate boom that’s sent rent prices soaring won’t end even if the Federal Reserve raises rates this week, said Brian Ward, president of capital markets at Colliers International.

Philadelphia Apartment Market Expands

Wall Street Journal, Dec. 15, 2015–Hudgins, Matt
Philadelphia has an apartment shortage-and big developers are starting to fill the void.

Commercial Debt Rises in the Third Quarter

Scotsman Guide, Dec. 15, 2015–Whitman, Victor
Commericial and multifamily debt rose in the third quarter with three out of the four investor classes increasing holdings, the Mortgage Bankers Association reported.

Lenders Signal Confidence in Canadian Real Estate

Exchange Magazine, Dec. 3, 2015
At a time when the strength of the Canadian housing market is being called into question, a new survey of the Canadian lending community indicates confidence in Canadian commercial real estate.