Fitch: Positive Outlook for REITs in 2016

Good portfolio management, lower-risk growth strategies and more conservative financial policies lead to a continuing positive outlook for real estate investment trusts from Fitch Ratings, New York.

Double-Digit Property Price Growth Continues

Property prices increased again in October, extending their streak of double-digit year-over-year gains to 33 months, reported Moody’s Investors Service and Real Capital Analytics.

Commercial Briefs

Sperry Van Ness International Corp. changed its brand name to SVN. The SVN brand name and new logo will roll out globally over the next 18 months.

JCHS: Apartment Demand Exceeds Construction

Though apartment construction now stands at its fastest pace in nearly 30 years, those deliveries will not meet the surging demand for rental housing, the Harvard Joint Center for Housing Studies reported.

CBRE: Data Center Site Selection Offers Significant Savings

Data center users can save up to $140 million over 10 years by choosing markets with lower tax burdens, affordable power rates and favorable weather conditions, reported CBRE Group, Los Angeles.

Apartment Starts Tumble

September’s increase in apartment starts turned into a sharp decrease in October, the Census Bureau said.

Houston CRE Performance Diverges by Sector

Houston’s different CRE sectors are responding to the city’s recent economic uncertainly in different ways, reported Transwestern, Houston.