The Lede
Top National News
Office Market Growth Slows
Wall Street Journal, July 4, 2017--Peter Grant (subscription)The pace of office-space leasing slowed in the second quarter, mostly because of sluggish activity in the country's top five markets, according to new figures from data firm Reis Inc.
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Monogram Residential to Be Acquired by Greystar Star-Led Group
Wall Street Journal, July 4, 2017--Dana Mattioli (subscription)Monogram Residential Trust Inc. said Tuesday it agreed to be acquired by Greystar Growth and Income Fund LP, an investment group led by Greystar Real Estate Partners LLC, in a deal valued at $2 billion.
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More Securitized Commercial Real Estate Debt Becomes Delinquent in June
Dow Jones Newswire, July 4, 2017--Esther FungThe delinquency rate for securitized commercial real-estate loans jumped 28 basis points to 5.75% in June from May, the biggest month-over-month increase since March 2012 and up sharply from the 4.6% recorded in June last year, according to real estate provider Trepp Inc.
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Why You’d Want to Build a Skyscraper Like an iPhone
Wall Street Journal, July 2, 2017--Christopher Mims (subscription)With tech-enabled modular design and building, the construction industry, like consumer electronics, can benefit from economies of scale.
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Commercial Real Estate Demand Softens, Investors Fret Trump Tax Cuts Won’t Pass
NPR, July 5, 2017--Jim Zarroli Revenue from President Trump's office buildings is falling. The problem: commercial real estate prices are declining. In New York, buildings are rising and older properties have to compete harder.
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News and Trends
CMBS Lenders Cast a Wider Net
Commercial mortgage-backed securities lenders are shifting their attention--and their capital--to some alternative U.S. markets, reported Trepp, New York.
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Multifamily Investment Opportunities Moderate–As Expected
Multifamily investment opportunities moderated in the first quarter, reported Freddie Mac, McLean, Va.
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Lackluster Second-Quarter Office Performance
The office market continued its "lackluster" pace in the second quarter--recording the lowest quarterly net absorption in three years--said Reis Senior Economist Barbara Byrne Denham.
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Many Firms Slow to Adopt Looming Lease Accounting Standards
Nearly one-quarter of firms have not started implementing new lease accounting standards nearly 18 months after their release, reported CBRE, Los Angeles, and PwC US, New York.
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MBA 1Q Commercial/Multifamily DataBook Reports ‘Downshift’
The Mortgage Bankers Association released its first-quarter 2017 Commercial/Multifamily DataBook today.
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Multifamily Investment Opportunities Moderate–As Expected
Multifamily investment opportunities moderated in the first quarter, reported Freddie Mac, McLean, Va.
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Lackluster Second-Quarter Office Performance
The office market continued its "lackluster" pace in the second quarter--recording the lowest quarterly net absorption in three years--said Reis Senior Economist Barbara Byrne Denham.
Full Story
Multifamily Investment Opportunities Moderate–As Expected
Multifamily investment opportunities moderated in the first quarter, reported Freddie Mac, McLean, Va.
Full Story
Lackluster Second-Quarter Office Performance
The office market continued its "lackluster" pace in the second quarter--recording the lowest quarterly net absorption in three years--said Reis Senior Economist Barbara Byrne Denham.
Full Story