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Retail Slump Pounds Manhattan Landlords
Wall Street Journal, April 30, 2017--Keiko Morris (subscription)Asking rents in many of New York City's priciest shopping corridors declined in the first quarter, one outcome of the broader national retail headwinds hitting landlords across the U.S.
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Pam Patenaude Named Deputy HUD Secretary
National Mortgage Professional, Apr. 28, 2017--Phil HallPatenaude is president of the J. Ronald Terwilliger Foundation for America's Families. The Mortgage Bankers Association issued a statement in support.
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Bipartisan Bill Would Ease Restrictions on Construction Lending
National Mortgage News, Apr. 27, 2017--Allison Bisbey (subscription)The bill, sponsored by Rep. Robert Pittenger, R-N.C., and Rep. David Scott, D-Ga., would clarify rules that critics say have caused banks to pull back from construction lending, hurting credit availability and driving loans into risky, unregulated sectors.
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CRE Cycle Still Has More ‘Runway,’ Says Marcus & Millichap CEO Hessam Nadji
National Real Estate Investor, May 1, 2017--Diana BellMarcus & Millichap CEO Hessam Nadji said he sees no evidence of a recession around the corner. "I expect this cycle to have more runway economically and within the real estate sector," he said.
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GSEs Want to Do More Single-Family Rental Financing
National Mortgage News, May 2, 2017--Bonnie Sinnock (subscription)Fannie Mae and Freddie Mac will continue to pursue opportunities to provide liquidity to the single-family rental market despite opposition from mortgage and real estate industry groups.
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CMBS Delinquency Holds, But Industrial Rate Soars
Mortgage Daily, May 2, 2017Performance of securitized commercial real estate loans was slightly worse, though the outlook is stable. But late payments on industrial property loans soared, Morningstar Credit Ratings reported.
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Lenders Still Willing to Finance Retail, but Be Prepared for Extra Scrutiny
National Real Estate Investor, May 3, 2017--Beth Mattson-TeigThere is still plenty of capital available for retail-sector acquisitions, refinancing and even value-add redevelopment and new construction. But lenders are putting deals under the microscope and borrowers are finding that some projects are a tough sell.
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