The Lede
Top National News
San Francisco Seeing One of the Biggest New-Housing Construction Booms in History
Business Insider, Nov. 24, 2015--Richter, Wolf
San Francisco is seeing one of the biggest new-housing construction booms in history, said Paragon Real Estate. It's accompanied by one of the biggest office construction booms in history. Banks are lending to developers like there's no tomorrow.
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MBA Asks SEC To Exempt Multifamily Agency Securities From Margining Proposal
Banker and Tradesman, Nov. 25, 2015
The Mortgage Bankers Association and other groups have asked the Securities and Exchange Commission (SEC) to exempt multifamily transactions from a proposed rule that would require margin be posted on forward-settling agency securities.
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Chinese Cash Floods U.S. Real Estate Market
New York Times, Nov. 28, 2015--Searcey, Dionne; Bradsher, Keith
A luxury development 35 miles northwest of Dallas is the latest frontier in a global buying phenomenon as Chinese money becomes a major force in real estate around the world.
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Delinquency Rates for Commercial Loans Fall in Third Quarter
Scotsman Guide, Dec. 1, 2015--Whitman, Victor
Delinquency rates for commercial and multifamily mortgages fell to new lows in the third quarter, the Mortgage Bankers Association reported on Tuesday.
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Commercial Real Estate Looking Frothy
Mortgage Professional America, Nov. 19, 2015--Chiglinsky, Katherine ; Scully, Matt
Voya Financial Inc.'s Christine Hurtsellers said she's staying away from new issues of commercial mortgage-backed securities, echoing concerns from Federal Reserve officials and bond graders about loosening underwriting standards in the market.
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Fort Lauderdale Gets a Makeover
Wall Street Journal, Dec. 1, 2015--Karmin, Craig
Fort Lauderdale is undergoing a vast makeover. A string of new luxury hotels and residential buildings along the beach promenade are attracting a mix of well-heeled U.S. tourists, foreign condo buyers and visiting families from all over.
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Capital Spigot Is Wide Open
National Real Estate Investor, Dec. 2, 2015--Mattson-Teig, Beth
Commercial real estate borrowers are reveling in a market where capital is both cheap and plentiful, and even an expected rise in interest rates is not likely to take the wind out of the sails of the current robust lending climate.
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Dealmaker of the Week
People in the News
News and Trends
Hotel Rates Improve Despite Weakening Reservation Pace
Major-market hotels are experiencing improved average daily rate performance as they prepare for the holiday season, reported TravelClick, New York. But new bookings added over the last month fell.
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JLL: Cities with Ideal Office Tech Sector, Startup Conditions
Northern California holds nine of the top 15 most expensive technology submarkets; many tech firms now look to locate in other zip codes, reported JLL, Chicago.
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CBRE: Asia-Pacific Investment Could Double by 2020
Asia-Pacific institutional investors could pump an additional $240 billion into world property markets by 2020, which would bring their global real estate allocation to $500 billion, said CBRE, Los Angeles.
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Fifth Avenue Retail Rents Lead the World
Manhattan's Fifth Avenue remained the most expensive global retail location as Upper Fifth Avenue rents reached $3,500 per square foot, reported Cushman & Wakefield, New York.
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Apartment Deliveries Slow Rent Growth
Annual apartment rent appreciation slowed for the third consecutive month in October as more apartments came online, reported Zillow, Seattle.
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Situs RERC: CRE Fully Priced
The relationship between commercial real estate value and price is shifting to a fully priced market, and in some cases, prices outpace the underlying valuation assumptions, reported Situs RERC, Houston.
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Bubble Talk Neglects Small-Cap CRE
The growing debate regarding whether commercial real estate prices approach bubble territory needs to include smaller-market and small-cap assets to be accurate, said Randy Fuchs, principal with Boxwood Means, Stamford, Conn.
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Cornell: Hotel Brand Changes Can Boost Performance
Hotels that convert from one brand to another generally see improved occupancy, revenue and profit, reported Cornell University, Ithaca, N.Y.
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Wells Fargo Securities: Fundamentals Remain Favorable
Commercial real estate operating fundamentals continue to look favorable, reported Wells Fargo Securities, Charlotte, N.C.
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