The Lede

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Big Investors Cut Back on Commercial Property as Bull Market Loses Steam
Wall Street Journal, Feb. 7, 2017--Peter GrantSome prominent real-estate investors are reducing their holdings and getting more selective about new deals in a sign that the eight-year bull market for U.S. commercial property is coming to a close.
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‘Malls Aren’t Dead at All,’ They’re Just Evolving, Retail Expert Says
Cleveland Plain Dealer, Feb. 5, 2017--Janet ChoAlthough some brick-and-mortar stores slumped this past holiday season and mall-based retailers like Macy's, Sears, and Kmart are closing more than the usual number of stores, that doesn't mean that shopping centers themselves are doomed.
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Foreclosure Beckons for $70M Midtown Hotel Loan
Commercial Observer, Feb. 3, 2017--Cathy CunninghamA $70 million loan collateralized by the Gallivant Times Square at 234 West 48th Street is being dual-tracked in foreclosure, a source familiar with the asset said.
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Sears/Macy’s Closures Won’t Disrupt CMBS Market
Scotsman Guide, Feb. 6, 2017--Victor WhitmanThe Macy's and Sears store closings will create little credit risk to the overall commercial mortgage-backed securities universe, Moody's Investors Service reported.
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Why More Single-Family Homes Are Becoming Rentals
National Mortgage News, Feb. 7, 2017--Jacob PassyA homeowner's equity position is one of the many factors that drive property transitions between owner-occupied and rental status, according to a study from the Mortgage Bankers Association's Research Institute for Housing America.
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Study Details Property Shifts From Owner-Occupied to Rental Housing
National Mortgage Professional, Feb. 6, 2017--Phil HallNearly 6.5 percent of home build before 2000 and 10.3 percent of homes built in the 1990s were transitioned from owner-occupied into rental properties, according to a new study from the Mortgage Bankers Association's (MBA) Research Institute for Housing America.
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What to Expect from the Debt Markets in 2017
National Real Estate Investor, Feb. 6, 2017--Elaine MisonzhnikAll types of capital providers-banks, insurance companies, conduit lenders and private equity funds-are actively looking for deals, and loan terms continue to be attractive, even if loan-to-value ratios have not moved much above 65 percent.
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Office Landlords Leverage Co-Working Style Designs to Retain Tenants
National Real Estate Investor, Feb. 3, 2017--Patricia KirkOffice building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients.
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Why Malls Are Closing and How Granite Run Mall Seeks to Defy the Trend
Philadelphia Daily News, Feb. 3, 2017--Suzette ParmleyBET Investments took a leap of faith when it acquired the ailing Granite Run Mall in 2013 for $24.2 million. The previous owner had walked away from a $128 million loan on the abandoned suburban mall, leaving the keys and mortgage to the lenders.
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Banks with Room to Grow in CRE Take Advantage of Rivals’ Pullback
National Mortgage News, Feb. 3, 2017--Allison PrangA number of banks are tapping the brakes on commercial real estate lending, giving others an opportunity to make more loans at better terms.
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