Bloomberg, Feb. 17, 2016–Mulholland, Sarah
Wall Street firms are readying themselves for new rules aimed at requiring them to eat what they cook. A provision of the 2010 Dodd-Frank law that takes effect in December forces banks to keep a stake in the commercial-property loans they package into securities and sell off to investors.
Sacramento Bee, Feb. 9, 2016–Kasler, Dale
CalPERS completed one of the biggest real estate investments in its history, purchasing a New York office tower for $1.9 billion.
KHOU (Houston), Feb. 9, 2016–Barr, Alice
The low price of oil is bringing on more uncertainty for a big chunk of Houston’s economy. Thousands of layoffs have rocked the oil and gas industry, and there’s no clear picture of when things could get better.
Wall Street Journal, Feb. 8, 2016–Brown, Eliot
Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises. Figuring out what to do with the vacant corporate campuses left behind is a quandary for civic leaders and landlords across the U.S.
Real Estate Journals, Feb. 8, 2016
Freddie Mac at the MBA Commercial Real Estate Finance Conference announced the lenders that closed the most multifamily financing volume with the company last year. CBRE Capital Markets and Berkadia Commercial Mortgage topped the list.
Commercial Property Executive, Feb. 5, 2016–Murray, Barbra
Commercial and multifamily mortgage originations will reach new heights in 2016, according to a new report by the Mortgage Bankers Association. MBA expects originations to total a record $511 billion this year.
National Real Estate Investor, Feb 5, 2016–Misonzhnik, Elaine
Here is what economists and bank executives had to say about which real estate sectors will enjoy a resurgence in the coming year, which mistakes investors should be wary of and how to stay ahead of the market in 2016.
Bay Area Real Estate, Feb. 5, 2016–Steinhauer, Adam
Construction executives are less optimistic about business conditions going into 2016 than they have been in three years, with a growing number concerned about the uncertain economy, Wells Fargo Equipment Finance reported.
Associated Press, Feb. 6, 2016
A builder whose company worked on the World Trade Center in New York City, the Century City complex in Los Angeles and Walt Disney’s EPCOT center in Florida among other high-profile developments has died. John Tishman was 90.
Malibu Times, Feb. 7, 2016–Giacobbe, Katie
Pepperdine University launched a six-month Executive Certificate in Commercial Real Estate program on Feb. 1. Designed for working professionals, the the curriculum is based on Mortgage Bankers Association training and includes five real estate courses and one elective course.
