Hotel rooms currently under construction fell slightly–0.1 percent year-over-year–to 183,187, reported STR, Hendersonville, Tenn.
Category: News and Trends
FHFA Shrinks Fannie Mae, Freddie Mac Multifamily Lending Caps
Fannie Mae and Freddie Mac multifamily lending caps will shrink slightly in 2018, the Federal Housing Finance Agency announced yesterday.
Transwestern: Increasing Office Demand in New York, New Jersey
Increasing demand for new construction in the Hudson Yards, Manhattan West and World Trade Center areas continues to benefit Manhattan’s office market, reported Transwestern, Houston.
New York’s Upper 5th Avenue Remains World’s Most Expensive Retail Street
Upper 5th Avenue in New York remains the world’s most expensive retail street, reported Cushman & Wakefield, New York.
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
TH Real Estate: ‘Doomsday’ Scenarios Oversimplify U.S. Retail Landscape
Though negative news headlines about the retail sector abound, smart investors can still find investment opportunities, said TH Real Estate, London.
Small-Cap CRE Leasing Velocity Slows
Small-cap commercial real estate leasing velocity slowed “considerably” during the third quarter as rent growth accelerated, reported Boxwood Means, Stamford, Conn.
Dodge Momentum Index Bounces Back
The Dodge Momentum Index–a leading indicator of future commercial real estate construction–rose in October, climbing 13.2 percent.
Hotel Sector Slowing; Development Costs Rising
After six years of occupancy growth, hotel sector performance may have reached the top of its cycle, reported HVS Global Hospitality Services, Mineola, N.Y.
Commercial/Multifamily Briefs
Blackstone and Ivanhoe Cambridge announced plans to implement the largest private multifamily rooftop solar project in the United States.
