The Lede
Top National News
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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Dealmaker of the Week
People in the News
News and Trends
MBA Retains Spencer Stuart for President/CEO Search
The Mortgage Bankers Association yesterday announced it has retained Spencer Stuart, a leading global executive search and leadership advisory firm, to assist with the search for the Association's next President and CEO.
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Expectations for Institutional Returns Slip
Institutional investors have increased their expectation for 2018 commercial real estate returns, the Pension Real Estate Association Consensus Forecast Survey said.
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MBA Chart of the Week: Multifamily Lending By Banks; Net Change in Bank Multifamily Mortgage Holdings
One of the key puzzle pieces in sizing the multifamily lending market is assessing the level of multifamily lending taking place for bank balance sheets in real time.
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Ten-X: CRE Investment Activity Down 9.6%
Commercial real estate investment activity fell 9.6 percent from a year ago, reported Ten-X, Irvine, Calif.
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Wells Fargo Securities: CRE Remains in ‘Good Shape’
Commercial real estate remains in very good shape--particularly at this late stage of the business cycle--reported Wells Fargo Securities, Charlotte, N.C.
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Commercial Property Prices Rise Slightly, Volume Moderates
Commercial property price indexes rose slightly in October while transaction volume moderated, analysts reported.
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Tech Firms’ ‘Outsized’ Effect on Premium Office Space
Though traditional occupiers such as finance and law firms occupy many of America's most desired office addresses, technology firms are quickly disrupting this status quo, reported JLL, Chicago.
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CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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MBA Chart of the Week: Multifamily Lending By Banks; Net Change in Bank Multifamily Mortgage Holdings
One of the key puzzle pieces in sizing the multifamily lending market is assessing the level of multifamily lending taking place for bank balance sheets in real time.
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Ten-X: CRE Investment Activity Down 9.6%
Commercial real estate investment activity fell 9.6 percent from a year ago, reported Ten-X, Irvine, Calif.
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MBA Chart of the Week: Multifamily Lending By Banks; Net Change in Bank Multifamily Mortgage Holdings
One of the key puzzle pieces in sizing the multifamily lending market is assessing the level of multifamily lending taking place for bank balance sheets in real time.
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Ten-X: CRE Investment Activity Down 9.6%
Commercial real estate investment activity fell 9.6 percent from a year ago, reported Ten-X, Irvine, Calif.
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