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Commercial Real Estate Should Get Ready for Autonomous Vehicles
Daily Report, Nov. 14, 2017--Patrick SpookAutonomous vehicle benefits are significant, but to realize the benefits and avoid disruption in commercial real estate, all parties should cohesively plan for a future without drivers behind the wheel.
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Trump Administration Reportedly Considering Mohamed El-Erian for Fed Vice Chair
HousingWire, Nov. 14, 2017--Ben LaneLast month, Mohamed El-Erian told the Mortgage Bankers Association Annual Convention that it didn't matter who President Donald Trump chose as the next chair and vice chair of the Federal Reserve, because the path for the central bank's future was already laid out. It turns out it could be El-Erian himself taking over for the departed Stanley Fischer as the next Fed vice chair.
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Construction Costs Rise for Apartment Projects
National Real Estate Investor, Nov. 14, 2017--Bendix AndersonThe cost of apartment-construction materials rose 3.6 percent over the year that ended in September, the Bureau of Labor Statistics' Producer Price Index reported.
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Tax Overhaul Bills Keep ‘1031 Exchange’ and Add Other Commercial Property Perks
Wall Street Journal, Nov. 14, 2017--Peter Grant (subscription)The residential real estate industry might be panicking about the Republican-backed tax overhaul making its way through Congress, but many in the commercial real estate industry are delighted with what they see so far.
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Fed’s Bostic: Gradual Rate Rises Appropriate Over Next Several Years
Wall Street Journal, Nov. 14, 2017--Michael Derby (subscription)Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday the U.S. central bank should press forward with interest-rate rises.
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Commercial Mortgage Loans Jump 8 Percent in Third Quarter
Financial Regulation News, Nov. 13, 2017--Dave KovaleskiCommercial and multifamily mortgage loan originations were up 8 percent in the third quarter, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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Banks Seek Level Playing Field for CRE Construction Lending
National Mortgage News, Nov. 10, 2017--Brad Finkelstein (subscription)If H.R. 2148 passes, banks should be used more often as a capital source for construction loans, said Bruce Oliver, the Mortgage Bankers Association's associate vice president for policy in the commercial and multifamily group.
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Are We There Yet? Percentage of CRE Pros Who Believe the Cycle is at its Peak Continues to Rise
National Real Estate Investor, Nov. 15, 2017--Elaine MisonzhnikAs the current market cycle gets long in the tooth, the percentage of NREI readers who think we have reached the peak continues to gradually increase.
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Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP
Wall Street Journal, Nov. 12, 2017--Dana Mattioli (subscription)Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn't already own.
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