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Investors Pile Into Emerging-Market Real Estate
Wall Street Journal, Oct. 3, 2017--Peter Grant (subscription)Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose.
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Manhattan Condos Are Barely Yielding More Than Government Treasuries
Bloomberg, Oct. 2, 2017, Oshrat CarmielNewly purchased condos that were listed for lease in the second quarter brought their owners a median return of 2.5 percent, according to an analysis released Monday by property-listings website StreetEasy.
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Manhattan Resale Home Prices Set a Record, Even After Discounts
Bloomberg, Oct. 3, 2017--Oshrat CarmielThe price of Manhattan resale homes hit a record in the third quarter, but sellers shouldn't get too bullish. It took some discounting to get there.
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Psst, Heard About That Deal? CompStak to Bring its Crowdsourcing Model to Sales
The Real Deal (New York), Oct. 2, 2017--Hiten SamtaniCompStak, the real estate information firm that shook up the clandestine world of office leasing by introducing crowdsourced comps, is now taking on the investment-sales space.
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Trump Meets With Former Fed Governor Kevin Warsh About Chairman Job
Wall Street Journal, Sept. 29, 2017--Michael C. Bender (subscription)President Donald Trump and Treasury Secretary Steven Mnuchin met with former Federal Reserve governor Kevin Warsh on Thursday to discuss his potential nomination as the next Fed chairman, a White House official said, signaling that the West Wing is moving ahead with a process that the president has said he would like to have completed by the end of the year.
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Commercial, Multifamily Mortgage Debt Rises to $3.6 Trillion in U.S.
World Property Journal, Sept. 28, 2017--Michael GerrityAccording to the Mortgage Bankers Association's Commercial/Multifamily Mortgage Debt Outstanding Report, total U.S. commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, as three of the four major investor groups increased their holdings.
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Economic Consensus Masks Many Uncertainties
Commercial Property Executive, Oct. 4, 2017--Paul FiorillaWhile economists foresee little chance of a recession in the near term, potential policy changes could affect the U.S. economy and commercial real estate values.
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MBA: 2Q C/MF Mortgage Debt Rises to $3.06 Trillion
Total commercial/multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, an increase of $48.7 billion, or 1.6%, from the first quarter, the Mortgage Bankers Association reported this week.
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MBANow: MBA SVP Bill Killmer on MAA Action Week
The Mortgage Bankers Association released two new MBANow videos featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses the MBA Mortgage Action Alliance "Action Week" (Oct. 2-6).
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DLA Piper: CRE Optimism Slips
Optimism among U.S. commercial real estate executives continues to slip from its 2014 high point, DLA Piper's 2017 State of the Market Survey reported.
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Commercial/Multifamily Briefs
Morgan Stanley Investment Management, New York, acquired Mesa West Capital, Los Angeles.
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MBA Offers Member Resources in Wake of Equifax Breach
In the aftermath of the massive Equifax data breach, the Mortgage Bankers Association is a clearinghouse of resources for its members.
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MBANow: MBA SVP Bill Killmer on MAA Action Week
The Mortgage Bankers Association released two new MBANow videos featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses the MBA Mortgage Action Alliance "Action Week" (Oct. 2-6).
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MBANow: MBA SVP Bill Killmer on MAA Action Week
The Mortgage Bankers Association released two new MBANow videos featuring MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, who discusses the MBA Mortgage Action Alliance "Action Week" (Oct. 2-6).
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