The Lede
Top National News
Which Hotels Could Gain From Airbnb Crackdown in NYC?
National Real Estate Investor, Dec. 12, 2016--Razin, Ely
The crackdown on Airbnb hosts in New York City might not be so great for the gig economy or one of the start-ups that has come to represent it, but it could be a boon for low-end hotels in prime Airbnb territory.
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Is CRE Past Market Peak?
National Real Estate Investor, Dec. 13, 2016
Based on NREI's November survey of industry professionals, fewer commercial real estate insiders believe that the market is at its peak than was the case in October.
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CoStar Sues Longtime Competitor Xceligent, Alleging Data Theft
Wall Street Journal, Dec. 13, 2016--Grant, Peter
Real estate data company CoStar Group took direct aim at competitor Xceligent with a lawsuit alleging Xceligent has been involved in "brazen and widespread theft" of CoStar data and photos. Xceligent denied the charge.
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U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in Q3
World Property Journal, Dec. 12, 2016--Gerrity, Michael
According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter.
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Commercial Real Estate Executives Told to Keep Tabs on Upcoming Tax Reform Efforts
Baltimore Business Journal, Dec. 12, 2016--Simmons, Melody
The coming year will be filled with uncertainty for commercial real estate executives because of a stated push for tax reform by President-elect Donald Trump.
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Are REITs A Good Investment Now As Interest Rates Head Higher?
Investors Business Daily, Dec. 11, 2016--Shreve, Ken
Don't give up on real estate investment trusts just yet. They have bounced up 8 percent from their Nov. 11 low and analysts and fund managers point toward an improving economy as a catalyst in coming quarters.
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IKEA Adapts to Growing Urban Populations
Wall Street Journal, Dec. 7, 2016--Chaudhuri, Saabira
IKEA plans to incorporate more of its stores into larger developments containing hotels, homes and offices as it works to adapt to growing urban populations by locating its stores more centrally, its chief executive said Wednesday.
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Manhattan Apartment Sales Prices Top $2 Million for First Time: Survey
Reuters, Dec. 14, 2016--Lash, Herbert
The opening of 432 Park Avenue, a 96-story tower marketed by developers as the tallest residential building in the Americas, had an outsized effect on prices, said CityRealty research director Gabby Warshawer.
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It’s Time for an Office of National Housing Policy
National Mortgage News, Dec. 13, 2016--Montgomery, Brian
Collingwood vice chairman and former FHA commissioner calls for new housing office to coordinate housing policy.
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FHFA Announces Final Rule on Duty to Serve Statute
National Mortgage Professional, Dec. 14, 2016--Hall, Phil
The Federal Housing Finance Agency issued its final rule to implement the Duty to Serve statute that requires Fannie Mae and Freddie Mac to offer financing for financially challenged households in the manufactured housing, affordable housing preservation and rural housing markets.
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News and Trends
Federal Housing Finance Agency Releases Final ‘Duty to Serve’ Rule
The Federal Housing Finance Agency released its final "Duty to Serve" rule on Tuesday after a several-year long rule-making process.
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PwC: Lodging Sector Supply-Demand Trends Could Reverse in 2017
Occupancy Expected to Decline in 2017 After Eight-Year Run
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Marcus & Millichap: Investors ‘Re-Evaluate’ Transactions Amid Shifting Landscape
A sharp increase in 10-year U.S. Treasurys and expectations of tax code changes next year has encouraged many investors to reassess their strategies, reported Marcus & Millichap, Calabasas, Calif.
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CMBS Risk Retention Looms: A Mountain or a Molehill?
Commercial mortgage-backed securities loans maturing in December could suffer from a decrease in liquidity as issuers wrestle with the upcoming risk-retention rule, said Morningstar Credit Ratings, Chicago.
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Commercial Briefs
JLL, Chicago, acquired the Dallas affiliate of Integra Realty Resources, a network of independent commercial real estate valuation, counseling and advisory firms.
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JLL: National Construction Spending Reached Cyclical High in Q3
Construction spending continues to hit cyclical highs, reaching $317 billion in the third quarter, up one percent year-over-year, reported JLL, Chicago.
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Colliers: CRE Changes Coming
There is a "palpable" sense that change will soon come to commercial real estate markets, reported Colliers International, New York.
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