Wall Street Journal, Nov. 17, 2015–Lahart, Justin
Prices of goods and services are taking divergent paths. So, too, are the fortunes of many companies.
Category: Top National News
House Passes Bill to End Pay Raises for Fannie Mae and Freddie Mac CEOs
Washington Post, Nov. 16, 2015–McGregor, Jena
Monday evening, the U.S. House of Representatives voted to approve a bill that would suspend new annual target compensation of $4 million each for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos. If signed into law by President Obama, the bill would return the cap on their pay to $600,000.
Underperforming Loans Moved to Special Servicing Decline: Fitch
National Mortgage News, Nov. 16, 2015–Peters, Andy
The number of underperforming loans transferred to special-servicing status dropped in October, according to Fitch Ratings.
Mall Owners Find Silver Lining in Retailer Busts
Wall Street Journal, Nov. 17, 2015–Pleven, Liam
A spate of retailer bankruptcies this year has left owners of malls and shopping centers scrambling to fill empty stores and dented their financial results. The share prices of several real-estate investment trusts that focus on retail properties are lagging behind the overall market in 2015.
Auction.com’s Delicate Real-Estate Expansion
Wall Street Journal, Nov. 16, 2015–Grant, Peter
Auction.com is launching a major push to develop stronger ties with brokers as part of a broader effort to expand its commercial-property business. The firm, which started online real-estate auctions in 2008, has been listing commercial property since 2009.
Blackstone is Now ‘The Largest Owner of Real Estate in the World’
Business Insider, Nov. 16, 2015–Marino, Jonathan
Blackstone, the biggest private equity firm on Wall Street, has seen even greater growth in its real estate division, which today manages nearly $100 billion worth of property. Steve Schwarzman is America’s landlord and he’s not afraid to acknowledge it.
Blackstone To Buy $3B In Property Fund Stakes From Calpers
Reuters Nov. 13, 2015
Blackstone Group LP, the world’s largest alternative asset manager, has agreed to buy about $3 billion worth of stakes in real estate funds from Californian public pension fund Calpers, a boost to its so-called secondaries business.
As Investors Buy Up Downtown Real Estate, Some Buildings Face Rehab Hurdles
Crain’s Detroit Business, Nov. 14, 2015–Pinho, Kirk
From Capitol Park to Merchants Row, from Paradise Valley to the financial district, downtown Detroit’s roster of vacant and neglected historic buildings is dwindling.
Report: Lending for Multifamily Could Hit Plateau
Birmingham Business Journal, Nov. 12, 2015–Godwin, Brent
A recent report from Mortgage Bankers Association shows that lending to real estate developers for multifamily apartment projects may begin to even out in the next two years.
U.S. Commercial, Multifamily Mortgage Originations Up 12% Annually in Q3
World Property Journal, Nov. 10, 2015–Gerrity, Michael
Based on the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter commercial and multifamily mortgage loan originations were 12 percent higher than during the same period last year and three percent higher than the second quarter.