The Lede
Top National News
Jonathan Chassin on His New Gig, Nonbank Lenders and Joe Moinian
Commercial Observer, Mar. 17, 2017--Cathy CunninghamLast month, The Moinian Group officially launched its lending arm, Moinian Capital Partners, with the hiring of Jonathan Chassin.
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CRE Sector Adjusts to Rising Interest Rate Environment
National Real Estate Investor, Mar. 16, 2017--Diana BellIndustry professionals do not expect the Federal Reserve's gradual increases to be too disruptive to commercial real estate capital markets.
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Price Growth on Commercial Assets Is Showing Signs of Petering Out
National Real Estate Investor, Mar. 20, 2017Price increases for U.S. commercial real estate assets have started to moderate in recent months, perhaps as a result of the expectation of rising interest rates.
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Why We Will Learn More About The Fed This Week Than Last Week
Nasdaq.com, Mar. 20, 2017--Martin TillierThis week--the week after the Federal Reserve's rate-setting meeting--demands our attention. The Fed does not allow committee members to speak publicly about their feelings on policy for a week and a half or so after the meeting, the so-called "quiet period."
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Cities Restore Lost Streets, Local Charm After Razing Failed Malls
Wall Street Journal, Mar. 20, 2017--Jon Kamp; Scott Calvert (subscription)From Worcester, Mass., to Palm Springs, Calif., developments emerge from under enclosed shopping centers.
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Surprise: Outlet Malls Are Hot
Wall Street Journal, Mar. 21, 2017--Esther Fung (subscription)Internet shopping is reshaping the retail landscape and slamming mall operators. But one corner of the industry is thriving: outlet centers.
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The U.S. Apartment Boom, Measured in Construction Cranes
Wall Street Journal, Mar. 22, 2017--Stephanos Chen (subscription)Of 12 major U.S. metro areas, Chicago has the most cranes working on residential construction projects. Seattle comes in second.
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Sears Has ‘Substantial Doubt’ That It Can Survive
CNN Money, Mar. 22, 2017--Chris IsidoreSears Holdings, the holding company for the two iconic retail brands--Sears and Kmart, warned investors late Tuesday that it can't promise it will stay in business.http://money.cnn.com/2017/03/22/news/companies/sears-kmart-future/index.html
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Inside the Troubled Kushner Tower: Empty Offices and Mounting Debt
Bloomberg, Mar. 22, 2017--Caleb Melby; David KocieniewskiThe Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump's son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing.
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Dealmaker of the Week
People in the News
News and Trends
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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Federal Government 2018 Budget Proposes Sharp Cuts to HUD
The Trump Administration yesterday its preliminary fiscal 2018 budget, which proposes the largest cuts to HUD funding since the Reagan Administration.
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Marcus & Millichap: Medical Offices Change
Millennials are driving an emerging medical office building trend: urgent and acute care centers and walk-in clinics are replacing primary care physicians and emergency rooms, reported Marcus & Millichap, Calabasas, Calif.
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MBA Chart of the Week: Housing Starts in 1-4 Unit, 5+ Unit Structures
One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.
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MBANow: MBA VP Jamie Woodwell on 2017 CREF Forecast
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Vice President of Commercial Real Estate Research Jamie Woodwell, who discusses the MBA 2017 forecast for the commercial real estate/multifamily housing markets.
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Commercial/Multifamily Briefs
Commercial real estate lending digital marketplace CommLoan, Scottsdale, Ariz. launched a hotline to help commercial mortgage-backed securities noteholders with loans coming due this year.
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JLL: ‘Convenience’ Changing Grocery Retail
'Convenience' trends are changing both the way people shop for food and the way grocery stores are designed, reported JLL, Chicago.
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CBRE: Manhattan Prime Office Rents Among World’s Highest
North America's most expensive office market, midtown Manhattan, ranked sixth globally with rent exceeding $144 per square foot, reported CBRE, Los Angeles.
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MBA: Wells Fargo Again Leads Annual Commercial/Multifamily Origination Volumes
The Mortgage Bankers Association this morning released its 2016 Rankings of Commercial/Multifamily Mortgage Firms' Origination Volumes, showing that Wells Fargo topped the list again for total origination volumes.
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MBA Chart of the Week: Housing Starts in 1-4 Unit, 5+ Unit Structures
One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.
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MBA Chart of the Week: Housing Starts in 1-4 Unit, 5+ Unit Structures
One-to-four family housing starts increased in February to their highest rate since October 2007, staying above 800,000 units for the fifth month in a row.
Full Story