The Lede
Top National News
More Than an Apartment, Not Exactly a Hotel: WhyHotel Looks for the Sweet Spot
Washington Post, Dec. 21, 2016--Sullivan, Patricia
Vornado's The Bartlett apartment tower in Arlington, Va. looks and feels like an AirBnB home-share, but is run by professionals in a sizable new apartment block. Newmark Grubb Knight Frank's Greg Leisch called the apartment industry "very slow, way behind the hotel and office industry in participating in the sharing economy."
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REIT IPOs Continue to Face Hurdles
National Real Estate Investor, Jan. 4, 2017--Mattson-Teig, Beth
The real estate investment trust market saw few new players added to the roster in 2016. The sedate pace of IPO activity is testament to the challenging pricing market that still exists, and 2017 is shaping up to be another slow year.
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Fed Officials See Gradual Rate Hikes as Upside Risks Debated
Bloomberg, Jan. 4, 2017--Condon, Christopher; Torres, Craig
Federal Reserve officials focused on the impact of potential fiscal stimulus during their December policy meeting, with many starting to worry that the central bank might eventually be forced to quicken the pace of interest-rate increases to head off higher inflation.
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Real Capital Markets: Investors Still Sweet on Commercial Real Estate
Real Estate Journals, Jan. 4, 2017--Rafter, Dan
Investors still love commercial real estate. And they love multifamily properties most of all.
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Dealmaker of the Week
People in the News
News and Trends
CBRE: 2017 Hotel Outlook a ‘Mixed Bag’
This year offers "mixed blessings" for U.S. hotels, with near-record occupancy levels projected but average daily room rates that will likely continue to level off, predicted CBRE Hotels, Atlanta.
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Boulder Group: Retail Single-Tenant Net Lease Cap Rates Rise–For a Change
Retail sector single-tenant net lease cap rates increased in the fourth quarter for the first time since 2013, reported Boulder Group, Northbrook, Ill.
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JLL: Industrial, Retail Momentum Drives REITs
This year offers "mixed blessings" for U.S. hotels, with near-record occupancy levels projected but average daily room rates that will likely continue to level off, predicted CBRE Hotels, Atlanta.
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Fitch: Watch Property Performance in a Peaking Market
Although Commercial Mortgage-Backed Securities 2.0 property cash flows remain strong, participants should watch property performance in a peaking market, noted Fitch Ratings, New York.
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Commercial Briefs
Extensia Financial, Northridge, Calif., a credit union service organization dedicated to commercial real estate lending and advisory services, launched a CRE lending consulting service program to help credit unions develop and maintain their commercial lending programs.
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