The Lede
Top National News
CalPERS Makes Huge New York Real Estate Deal
Sacramento Bee, Feb. 9, 2016--Kasler, Dale
CalPERS completed one of the biggest real estate investments in its history, purchasing a New York office tower for $1.9 billion.
Full Story
Stuggling Oil Industry Impacts Families, Real Estate
KHOU (Houston), Feb. 9, 2016--Barr, Alice
The low price of oil is bringing on more uncertainty for a big chunk of Houston's economy. Thousands of layoffs have rocked the oil and gas industry, and there's no clear picture of when things could get better.
Full Story
Casualty of Cities’ Resurgence: The Suburban Offices Left Behind
Wall Street Journal, Feb. 8, 2016--Brown, Eliot
Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises. Figuring out what to do with the vacant corporate campuses left behind is a quandary for civic leaders and landlords across the U.S.
Full Story
Freddie Mac Announces Top Multifamily Lenders For 2015
Real Estate Journals, Feb. 8, 2016
Freddie Mac at the MBA Commercial Real Estate Finance Conference announced the lenders that closed the most multifamily financing volume with the company last year. CBRE Capital Markets and Berkadia Commercial Mortgage topped the list.
Full Story
Record Year Ahead for Commercial, Multifamily Originations
Commercial Property Executive, Feb. 5, 2016--Murray, Barbra
Commercial and multifamily mortgage originations will reach new heights in 2016, according to a new report by the Mortgage Bankers Association. MBA expects originations to total a record $511 billion this year.
Full Story
Seven More Takeaways from the MBA CREF 2016 Conference
National Real Estate Investor, Feb 5, 2016--Misonzhnik, Elaine
Here is what economists and bank executives had to say about which real estate sectors will enjoy a resurgence in the coming year, which mistakes investors should be wary of and how to stay ahead of the market in 2016.
Full Story
Construction Industry Optimism Declines with Uncertain Economy, Survey Finds
Bay Area Real Estate, Feb. 5, 2016--Steinhauer, Adam
Construction executives are less optimistic about business conditions going into 2016 than they have been in three years, with a growing number concerned about the uncertain economy, Wells Fargo Equipment Finance reported.
Full Story
New York Real Estate Developer John Tishman Dies at Age 90
Associated Press, Feb. 6, 2016
A builder whose company worked on the World Trade Center in New York City, the Century City complex in Los Angeles and Walt Disney's EPCOT center in Florida among other high-profile developments has died. John Tishman was 90.
Full Story
Pepperdine Launches Executive Certificate in Commercial Real Estate
Malibu Times, Feb. 7, 2016--Giacobbe, Katie
Pepperdine University launched a six-month Executive Certificate in Commercial Real Estate program on Feb. 1. Designed for working professionals, the the curriculum is based on Mortgage Bankers Association training and includes five real estate courses and one elective course.
Full Story
Retailers Pare Store Counts as Landlords Brace for Bumpy Transition
National Real Estate Investor, Feb. 4, 2016--Mitchell, Donna
The holiday season could have been a lot more jolly for retailers, so it came as no surprise when about 30 retail chains announced a total of 2,282 store closings for 2016 and beyond.
Full Story
Life Companies Gaining an Edge as Regulatory Hurdles Become a Reality in 2016
Commercial Observer, Feb. 3, 2016--Balbi, Danielle
Whether or not life companies will eat up more of the lending pie this year remains to be seen, but it seems like there will be more room at the table soon enough.
Full Story
Multifamily Lenders Predict another Strong Year for the Sector in 2016
Multi-Housing News, Feb. 2, 2016--Stribling, Dees
Indications suggest that multifamily debt levels this year will match 2015 levels. Overall, the Mortgage Bankers Association forecasts $225 billion in originations in 2016, roughly the same as in 2015. Also, the conduit market, while experiencing pricing volatility, isn't expected to see any retraction in the new year.
Full Story
How 3 of the Country’s Most Successful Hispanic Real Estate Titans Got their Start
BISNOW, Feb. 9, 2016--Hoffmann, Michelle
Story features Rodrigo Lopez, CMB, executive chairman of NorthMarq Capital and Mortgage Bankers Association vice chairman.
Full Story
Dealmaker of the Week
People in the News
News and Trends
C&W: A Correction, Not a Recession
Despite January's stock market jitters, the macro economy and U.S. commercial real estate should see positive economic results this year, said Cushman & Wakefield, New York.
Full Story
CBRE: Moderate CRE Growth in 2016
Measured economic growth with low interest rates--punctuated with bouts of pessimism and volatility--will likely continue, supporting moderate commercial real estate rent and investment sales volume growth globally, said CBRE, Los Angeles.
Full Story
CRE Outlook: Continued Strong Demand
ORLANDO--People in the commercial real estate industry should feel good about 2015--and they can look forward to continued strong demand in 2016, said Real Capital Analytics' Jim Costello.
Full Story
Bubble or Expansion: ‘Depends on Your Point of Departure’
ORLANDO--Business for commercial real estate lenders is good, but new capital sources and an abundance of capital entering the sector could have negative consequences, analysts say.
Full Story
Commercial/Multifamily Briefs
CBRE Group, Los Angeles, completed rebranding and integrating PKF Consulting USA, PKF Hospitality Research and PKF Consulting Inc. (Canada) into its portfolio of global real estate services.
Full Story
MBA Forecast: 2016 Commercial/Multifamily Originations to Hit Record
ORLANDO--The Mortgage Bankers Association projects originations of commercial and multifamily mortgages to grow to $511 billion in 2016, an increase of 3 percent from 2015 volumes and slightly more than the previous record of $508 billion originated in 2007.
Full Story