The Lede

Bloomberg, May 10, 2016--Levitt, David M. Joseph Moinian, an owner of properties including the W New York Downtown hotel and the Sky apartment tower, has started work on a foundation for a 1.8 million-square-foot (167,000-square-meter), 66-story skyscraper whose height will rival the Chrysler Building.

National Mortgage News, May 10, 2016--Passy, Jacob Commercial real estate executives remain upbeat about their prospects for 2016, though they do see some potential hurdles on the horizon, according to CIT Group's 2016 Commercial Real Estate Outlook survey.

Miami Herald, May 9, 2016--Herrera, Chabeli In a $794 million deal, SBE acquired Morgans' 13 properties across the U.S., including the 194-room Delano, which SBE will take direct ownership of, the Mondrian South Beach and the Shore Club Miami Beach hotel for a short time.

Mlive.com, May 9, 2016--Thibodeau, Ian Detroit officials selected a group that includes a Dan Gilbert company to build a massive, mixed-use development in Brush Park and Eastern Market. The project would expand the Quicken Loans founder's growing real estate influence outside Downtown, where he owns more than 80 properties.

Reuters, May 9, 2016--Saphir, Ann Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is "about right."

Bloomberg, May 6, 2016--Molla, Rani On Aug. 31, major market indices will no longer bundle REITs inside of "financials" as an industry classification. Instead, they will reside in a new category called, surprise, surprise, "real estate."

The Real Deal New York, May 11, 2016--Brenzel, Kathryn  Panelists at Weiser Mazars' Commercial Real Estate Summit panel focused on the volatility of the market and the slowdown in certain construction financing. Banks are pulling back, leaving non-traditional lenders to fill the gap.

U.S. hotel industry revenue topped $189 billion in 2015, up nearly $14 billion from 2014, reported STR, Hendersonville, Tenn.

The office market slowed slightly in early 2016. But as financial markets stabilized later in the first quarter, office-using job growth accelerated, which could signal stronger tenant demand to come, analysts said.

Commercial real estate construction contracted slightly during the first quarter compared to the previous three quarters but remains healthy, reported Reis, New York.

After seven years of a strong bull market, some commercial real estate executives express caution about what lies ahead, reported law firm DLA Piper, New York.

The commercial mortgage-backed securities delinquency rate held steady in April, increasing just one basis point to 4.23 percent, reported Trepp, New York.