Category: Top National News

Chicago Real Estate Daily, Oct. 19, 2015Julien Studley, a pioneer in representing tenant interests in commercial real estate and the publisher of a groundbreaking report about New York property, has died, his former company said. He was 88.

National Real Estate Investor, Oct 20, 2015–Anderson, BendixThe leading providers of capital for multifamily loans are still on shaky ground-years after the financial crisis ended.

Denver Post, Oct. 16, 2015–Rusch, Emilie Nearly one million square feet of new office space came online during a strong third quarter for the Denver commercial real estate market, according to CBRE.

Boston Business Journal, Oct. 9, 2015–Carlock, Catherine Joe Fallon, formerly of DTZ, Cassidy Turley and FHO Partners, has been tapped by Cushman & Wakefield to lead its New England region. Fallon said rebuilding the capital markets team will be a priority.

Wall Street Journal, Oct. 13, 2015–Mann, Ted; Glazer, Emily
General Electric Co. agreed to sell a major chunk of its U.S. commercial lending business to Wells Fargo & Co., a milestone in the company’s rapid exit from financial services that could allow it to shed a tough regulatory regime.

Mortgage Servicing News, Oct. 13, 2015–Peters, Andy
The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.

Wall Street Journal, Oct. 13, 2015–Pleven, LiamBusiness is booming for companies that lease out storage units to consumers. Rents are rising, most units are occupied and competition is tame due to limited new construction in the wake of the financial crisis.

Bloomberg, Oct. 13, 2015–Gopal, Prashant; Collins, Margaret
What does Manhattan’s tallest residential tower have in common with the Hooters hotel-casino in Las Vegas? They’re investments for rich families.

Wall Street Journal, Oct. 13, 2015–Brown, Eliot
If developer Steven Witkoff’s ambitions are realized, he will complete by 2020 a soaring 900-foot condominium tower that would be the latest addition to the “Billionaires’ Row” of ultraluxury skyscrapers on the southern edge of New York’s Central Park.

Vancouver Sun, Oct. 6, 2015–Duggan, EvanTrillions of dollars of investment in global commercial real estate are being handled and monitored with outdated information technology programs that are at risk for human error and inaccuracy, a new report from Altus Group said.