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The Dead Heads of Commercial Real Estate (Including POTUS)
Commercial Observer, Mar. 23, 2017--Larry GetlenThroughout the New York real estate world, love for the Grateful Dead is ever-present, a mellow vacation and flipside to the hard-charging world of the real estate business.
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With Homeownership at 50-Year Low, U.S. Becoming a Nation of Renters
GoRion, Mar. 28, 2017--Sam BourgiJust 63 perecnt of American households owned a home in 2016--the lowest rate in 50 years--and there's reason to believe the rate will continue to decline as low inventories, affordability challenges and an uneven recovery make homeownership less of a reality for many Americans.
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Evans Says Two Fed Hikes in 2017 May Be Right
Bloomberg, Mar. 27, 2017--Matthew BoeslerFederal Reserve Bank of Chicago President Charles Evans said two interest-rate increases may be the right amount of tightening for the U.S. economy this year given uncertainty surrounding the outlook for inflation and government spending.
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Deutsche Bank Biggest Commercial Property Lender in New York
Financial Times, Mar. 27, 2017--Alistair Gray (Subscription)Deutsche Bank has become the biggest commercial property lender in New York City, expanding real estate financing more than a third even as rivals step back in the face of scrutiny from regulators concerned about a bubble.
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Biggest Commercial Mortgage Originators
Mortgage Daily, Mar. 23, 2017Wells Fargo & Co. originated 6,928 commercial mortgages during 2016 that had an aggregate principal balance of $65.394 billion, the Mortgage Bankers Association reported.
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NYC Real Estate Lending Dropped 17% In 2016
Forbes, Mar. 27, 2017--Samantha SharfLending for New York City real estate projects was down in 2016, particularly in the multifamily sector as the rental apartment market wavers.
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Morgan Stanley: The Bull Market in Commercial Real Estate is About to End
Business Insider, Mar. 27, 2017--Akin OyedeleThe commercial real estate market is showing cracks and will peak this year, Morgan Stanley analysts forecast.
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Dealmaker of the Week
People in the News
News and Trends
Housing Market Heats Up–But So Do Rental Markets
Owning a single-family rental in today's tight housing market will likely yield strong returns, says ATTOM Data Solutions, Irvine, Calif. And if you happen to own a rental in the Los Angeles area, said HomeUnion, Irvine, you're doing especially well.
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TravelClick: Hotel Reservations Slip but Room Rates Grow
New hotel bookings fell slightly in February, but average daily room rates should likely grow in both the first and second quarters, reported TravelClick, New York.
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Ten-X: ‘Minimal’ Valuation Growth in March
Commercial valuations grew by just 0.1 percent nationwide during March--and just 0.5 percent since November--reported Ten-X, Irvine. Calif.
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M&M: Lenders’ ‘Disciplined’ Approach on Retail Properties
Lenders are following a "disciplined" approach when it comes to retail properties while investors account for higher borrowing costs, said Marcus & Millichap, Calabasas, Calif.
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Commercial/Multifamily Briefs
SmartBiz Loans, San Francisco, an online Small Business Administration marketplace and bank-enabling technology platform, announced that it will facilitate SBA 7(a) commercial real estate loans up to $5 million to eligible business owners through SmartBiz bank partners.
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