The Lede
Top National News
VR Headsets are Putting the ‘Real’ in Real Estate
New York Post, Apr. 25, 2017--Lois Weiss New technology and cutthroat competition for tenants have infused commercial real estate projects in New York and beyond with a hefty dose of virtual realty.
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Retailers Are Going Bankrupt at a Record Pace
Bloomberg, Apr. 24, 2017--Kim BhasinIn a little over three months, 14 chains have announced they will seek court protection, according to an analysis by S&P Global Market Intelligence, almost surpassing all of 2016.
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Trump’s Industry, Real Estate, Poses Hurdle to Tax Overhaul
New York Times, Apr. 22, 2017--James B. StewartPresident Trump has promised a sweeping tax plan, arriving in the days ahead, that will be "bigger, I believe, than any tax cut ever." It will aim to bring down individual and corporate rates, simplify the overall tax code and unleash economic growth. But there is a major roadblock to that fundamental change, and it comes from a sector well known to the president: the real estate industry.
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Concern Over Manhattan’s One Vanderbilt Project Grows
Wall Street Journal, Apr. 25, 2017--Peter Grant (subscription)With the Manhattan office market showing signs of softening, some analysts are expressing more concern about the leasing outlook for one of the most high profile new developments in the city: SL Green Realty's 1.7 million square foot tower next to Grand Central Terminal.
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How is the CRE Industry Adapting to the Emergence of Fintech Solutions?
National Real Estate Investor, Apr. 26, 2017--Beth Mattson-Teig For sales and financing, technology allows for faster and broader market reach, meaning you have the ability to get to multitudes of investors and lenders.
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Financing Industrial: PGIM Real Estate Finance CIO Talks Discipline, Disruption
Commercial Property Executive, Apr. 21, 2017--Sanyu KyeyunePGIM Real Estate Finance CIO and Senior Portfolio Manager Paige Hood shares his views on market volatility, discipline and potential opportunities and challenges that will affect commercial real estate finance and investment.
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CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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Economists: ‘Moderate’ CRE Growth Through 2019
The U.S. economy and commercial real estate should experience "moderate" growth through 2019, said the Urban Land Institute, Washington. D.C.
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Institutional Investors Plan to Decrease CRE Commitments
Institutional investors plan to reduce their new capital commitments to real estate by 19 percent this year, reported Institutional Real Estate Inc., San Ramon, Calif. and Kingsley Associates, San Francisco.
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Commercial/Multifamily Briefs
ExactBid, San Jose, Calif. integrated its Real Estate Information Management System bank appraisal management platform with appraisal software system Narrative1.
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Akerman: CRE Optimism Rises
Commercial real estate lenders and investors have grown more confident since November's presidential election, reported law firm Akerman LLP, Miami.
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Federal Reserve: Economy Expands, CRE Remains Strong
U.S. economic activity expanded modestly to moderately between mid-January and late March while commercial real estate activity remained strong, the Federal Reserve reported.
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JLL: Construction Moving ‘Steadily Forward’
Commercial real estate construction continues to move steadily forward despite growing uncertainty and seasonal swings, reported JLL, Chicago.
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