Mortgage Servicing News, Oct. 13, 2015–Peters, Andy
The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.
Category: Top National News
Need to Store That? Booming Self-Storage Industry Says No Problem
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.
How Banks Help Rich Clients Invest in Vegas Hotel, NYC Tower
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.
Posh Tower Proposed for Struggling New York Neighborhood: Central Park South
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.
Commercial Real Estate Industry Slow to Incorporate High-Tech Tools: Report
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EvanTrillions of dollars of investment in global commercial real estate are being handled and monitored with outdated information technology programs that are at risk for human error and inaccuracy, a new report from Altus Group said.
Bipartisan Discussion Highlights GSE Reform, Risk Transfer, Need for More Private Capital
DSNews, Oct. 6, 2015–West, Xhevrije Fannie Mae and Freddie Mac were placed into conservatorship seven years ago, and questions still linger as to how and when to reform the GSEs.The Bipartisan Policy Center hosted a keynote address and panel discussion titled “Housing Finance Reform: Opportunities and Obstacles of Risk Sharing” on Tuesday.
MetLife Takes Majority Stake in New San Francisco Office Tower
Bloomberg, Oct. 6, 2015–Yu, Hui-Yong
MetLife Inc. is taking a majority stake in a 43-story office tower being built next to San Francisco’s Transbay Transit Center, expanding the biggest U.S. life insurer’s holdings in one of the country’s most expensive office markets.
Fragmented Small Balance Commercial Market Creates Opportunities
National Mortgage News, Sept. 29, 2015–Finkelstein, BradBayview and Freddie Mac believe they can provide a stable funding supply to underserved to owners of small commercial properties.
Retailers Raise Number of Store Openings Planned for the Next Two Years
National Real Estate Investor, Sept. 29, 2015–Misonzhnik, ElaineWorries about the fallout from Chinese economic troubles notwithstanding, U.S. chain retailers upped the number of stores they plan to open in the short term, according to the August report from RBC Capital Markets.
All Eyes on Crowdfunded Loans Tucked Into Commercial Real Estate Bonds
Bloomberg, Sept. 29, 2015–Alloway, Tracy; Scully, Matt Morgan Stanley analyst Richard Hill found something interesting in commercial mortgage-backed security remittance reports: three loans worth a collective $71 million made to Colony Hills Capital and which underpin two CMBS deals have found their way to special servicing.