Simon Property Group, Indianapolis, completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, Bloomfield Hills, Mich.
Category: News and Trends
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“While the impact of COVID-19 and geopolitical issues on commercial real estate remains a concern, institutions anticipate that a potential buying opportunity is emerging as distress and dislocation become more prevalent. We expect that this, combined with rising sentiment in favor of the asset class, will lead to an increase in investment pacing.”
–Hodes Weill & Assocs. Managing Partner Douglas Weill
Jan. 12: Courageous Conversations with Women of Color Series – Our Time. Our Story
Recent events across the country have elevated the conversation around diversity, equity and inclusion. In this first session, we will take a deeper look into the complexities of being a minority woman in real estate finance industry.
Personnel News from IPA, Walker & Dunlop, RCLCO, Maverick Commercial Mortgage
Institutional Property Advisors announced the commercial real estate investment brokerage team Scott Chandler, John Stewart and Bill Pitt joined the firm in Toronto.
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“We especially appreciate rental assistance for tenants, enhancements to the Paycheck Protection Program to help the hospitality sector, continued Troubled Debt Restructuring relief for all financial institutions and continuation of the TALF program.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the $908 million economic stimulus bill passed by Congress this week.
FHFA Holds GSE Affordable Housing Goals Steady in 2021
The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.
Personnel News from Bellwether Enterprise, Grandbridge, CBRE
Bellwether Enterprise Real Estate Capital LLC, Cleveland, promoted DJ Effler to President effective January 1.
Single-Family Rental Market Stabilizes
CoreLogic, Irvine, Calif., said single-family rent growth increased in October, outpacing their previous-year growth rate for the first time since the pandemic started.
MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs
More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.
Foreign Investors in U.S. Real Estate Net Lease Properties Increases Despite Travel Restrictions
CBRE, Los Angeles, said U.S. net-lease property investment rebounded during the third quarter, driven by strong interest in office assets and increasing foreign investment.