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.
Category: Top National News
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.
Upbeat Rosengren Points to December Fed Rate Hike
Reuters, Nov. 9, 2015–Spicer, Jonathan
Another Federal Reserve official pointed to December as an appropriate time to begin raising U.S. interest rates, as Eric Rosengren said on Monday there has been “real improvement” in the economy of late with the October jobs report delivering “very good news.”
Taxpayers May Be Funding Billionaires’ Biggest Apartment Deals
Bloomberg, Nov. 5, 2015–Mulholland, Sarah
Barry Sternlicht’s Starwood Capital Group and Stephen Schwarzman’s Blackstone Group LP are in talks with Freddie Mac to finance two transactions totaling more than $10 billion.
Turning Renters Into Buyers
New York Times, Nov. 6, 2015–Prevost, Lisa
The upward trajectory of rents in many metropolitan areas, which shows no sign of abating, often makes homeownership the better deal. But renters still aren’t rushing to buy.
McDonald’s Won’t Spin Off Real Estate Holdings
Wall Street Journal, Nov. 10, 2015–Jargon, Julie
McDonald’s Corp. won’t spin off its vast U.S. real estate holdings, as some investors had pushed it to do, Chief Executive Steve Easterbrook said.
Why Fears of a Commercial Real Estate Bubble Are Overblown
National Mortgage News, Nov. 10, 2015–Cumming, Chris
Commercial real estate lending has come roaring back, but don’t draw comparisons yet to the reckless pre-crisis years.
New Bill Would Prevent NYC Landlords From Checking Credit Scores and Debts of Would-Be Tenants
New York Daily News, Nov. 10, 2015–Durkin, ErinLandlords would be banned from checking credit scores to decide whether to rent to would-be tenants under a new bill introduced in the City Council.
Multifamily Lending Starting to Level Off
National Real Estate Investor, Nov. 10, 2015–Anderson, Bendix Lenders will keep pouring money into apartment properties over the next two years, originating about the same volume of loans in 2016 and 2017 that they are likely to close in 2015, according to the latest Commercial/Multifamily Real Estate Finance Forecast from the Mortgage Bankers Association.