The Lede

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Shopping Mall Giant Westfield is Sold to French Real Estate Firm in $16 Billion Deal
Los Angeles Times, Dec. 12, 2017--Jim Puzzanghera Westfield Corp., operator of upscale shopping malls in Los Angeles and dozens of other U.S. locations, is being sold to French commercial real estate giant Unibail-Rodamco in a $16 billion deal, the two companies announced Tuesday.
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Office Rents on Fifth Avenue Rank No. 2 For Most Expensive
Wall Street Journal, Dec. 11, 2017--Keiko Morris (subscription)Fifth Avenue came in second behind California's Sand Hill Road in Menlo Park, recording an average asking rent of $116.04 a square foot, and top asking rents as high as $185 a square foot, according to JLL's 2017 Most Expensive Streets. Sand Hill Road's average asking rent reached $119.38 a square foot.
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Drivers of Investment Success for 2018
Commercial Property Executive, Dec. 6, 2017--IvyLee RosarioThe commercial real estate industry has had an evolving year. From sustainability and increases in interest rates to the effects of a changing administration, the market has experienced a mix of positive and negative moments.
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Breaking Down Hensarling’s GSE Reform Overture
National Mortgage News, Dec. 6, 2017--Rob Blackwell, Ian McKendry (subscription)House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he's pushed for years to virtually eliminate the government's role in the mortgage market lacks the support to become law.
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Agency Lenders Still Rule the Multifamily Loan Market
National Real Estate Investor, Dec. 12, 2017--Bendix AndersonApartment property owners still look to the lending programs of Fannie Mae and Freddie Mac when they need permanent financing.
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Commercial Debt Hits $3.11 Trillion
Scotsman Guide, Dec. 12, 2017--Victor WhitmanCommercial mortgage debt rose across all major investor classes to $3.11 trillion in the third quarter, the Mortgage Bankers Association reported.
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MBA: Significant Turning Point for CMBS Market
Mortgage Professional America, Dec. 13, 2017--Steve Randall The third quarter saw a resurgence of commercial/multifamily mortgage debt outstanding with a $45.4 billion increase to $3.11 trillion, the Mortgage Bankers Association reported.
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