The Lede
Top National News
REITs Promise Shelter in a Stormy Market
New York Times, Oct. 20, 2015--Morrissey, JanetInvestors, shaken by the sell-off in the broader market, are frantically seeking refuge in companies offering buybacks, high dividend yields - anything that can stop the bleeding in their portfolios. And certain real estate investment trusts are quickly becoming an attractive option.
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Multifamily Overstates Moves in U.S. Housing Construction
Bloomberg Intelligence, Oct. 20, 2015--Wright, Josh; Riccadonna, CarlHousing starts jumped more than expected while permits slumped in September, in both cases due to the more-volatile multifamily segments. A large decline in housing permits was also driven predominantly by the multifamily sector.
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Commercial Real Estate Broker to Use Commission Splitting and Other Tactics From Residential Property Dealers
Realty News Today, Oct. 21, 2015Traditionally, commercial property brokers do not like to split the commissions they get. One Canadian commercial property agency will try to change that and apply commission splitting and other methods used in the residential property business.
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Founder of Tenant Broker Studley Dies at 88
Chicago Real Estate Daily, Oct. 19, 2015Julien Studley, a pioneer in representing tenant interests in commercial real estate and the publisher of a groundbreaking report about New York property, has died, his former company said. He was 88.
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Senators Warn on Fannie Mae and Freddie Mac Vulnerability
National Real Estate Investor, Oct 20, 2015--Anderson, BendixThe leading providers of capital for multifamily loans are still on shaky ground-years after the financial crisis ended.
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Report: Denver Commercial Real Estate Market ‘In a Groove’
Denver Post, Oct. 16, 2015--Rusch, Emilie Nearly one million square feet of new office space came online during a strong third quarter for the Denver commercial real estate market, according to CBRE.
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Dealmaker of the Week
People in the News
News and Trends
MBA Presents Phelan with Rosser Lifetime Achievement Award
SAN DIEGO--The Mortgage Bankers Association presented Dan Phelan, CMB, CRI, CCMS, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.
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Quicken Loans’ Gilbert: Go Out There and Grow
SAN DIEGO--The current market holds more opportunity for mortgage companies of all sizes than any time since before the financial crisis, said Quicken Loans Founder and Chairman Dan Gilbert.
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White House: No GSE Recap and Release
SAN DIEGO--The American people deserve a better, more responsive mortgage finance system, said White House Senior Policy Advisor Michael Stegman. But, he said, that will not come from recapitalizing and releasing Fannie Mae and Freddie Mac from conservatorship.
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MBA Announces New Members of Commercial/Multifamily Board of Governors
SAN DIEGO--The Mortgage Bankers Association announced new members of its Commercial Real Estate/Multifamily Finance Board of Governors.
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Investors See REITs Outperforming S&P 500
Nearly half of investors surveyed say real estate investment trusts will outperform the S&P 500 by three percent or more over the next 12 months, reported BMO Capital Markets, Montreal, Quebec.
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Federal Reserve: CRE Markets Strengthen
The Federal Reserve received mostly positive feedback on commercial real estate nationwide since early September.
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