The Lede
Top National News
As China Puts the Brakes on Overseas Investment, Los Angeles’ Development Boom Takes a Hit
Los Angeles Times, Apr. 1, 2018--Roger VincentLast year, Chinese investors interested in buying or developing property in Southern California peppered World Trade Center Los Angeles officials with questions about how best to break into the market. But questions such as those have nearly ceased as China's feared pullback from overseas investments has been borne out.
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HomeUnion Launches Crowdfunding Platform for Single-Family Rentals
HousingWire, Apr. 2, 2018--Ben LaneHomeUnion is launching a new program that will make the company itself an investor in single-family rentals, but the company isn't using its own money.
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Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies
Wall Street Journal, Apr. 1, 2018--Peter Grant (subscription)Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake that is shaking up the job market across the U.S.
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New York Fed Picks John Williams as President
Wall Street Journal, Apr. 3, 2018--Michael S. Derby (subscription)The Federal Reserve Bank of New York said Tuesday that John Williams, who has helmed the San Francisco Fed since 2011, will become its next leader, assuming one of the top leadership positions at the U.S. central bank.
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ADP: Construction Industry Leads March Employment Surge
HousingWire, Apr. 4, 2018--Kelsey RamirezAs job gains continue in the construction industry, employment is expected to surge in March, according to the ADP and Moody's Analytics National Employment Report.
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Dealmaker of the Week
People in the News
News and Trends
CRE Property Values Rise, But Absorption, Volume Slow
Commercial real estate assets prices rose slightly in February. But analysts said moderating space absorption and slowing transaction volume indicate the commercial real estate cycle is maturing.
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Apartment Vacancy Rate Climbs As Net Absorption Falls
The apartment vacancy rate climbed 0.1 percent to 4.7 percent in the first quarter while net absorption and new completions fell to the lowest quarterly levels in three years, reported Reis, New York.
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Is There an Office Construction ‘Tsunami’?
In past real estate cycles, developers have overbuilt just as the economy slowed down, leading to a glut of space. But Cushman & Wakefield Principal Economist Ken McCarthy predicts history will not repeat itself this time.
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Net Lease Sector Shows Stability
Single-tenant net lease sector cap rates remained relatively stable in the first quarter across the retail, office and industrial sectors, reported Boulder Group, Northbrook, Ill.
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Commercial/Multifamily Briefs
StepStone Real Estate acquired Courtland Partners Ltd. and the firms are now fully integrated. The firms announced a merger agreement in December.
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MBA 4Q Commercial/Multifamily DataBook Reports CRE Stability
Commercial real estate and real estate finance markets were steady during the fourth quarter, the Mortgage Bankers Association Fourth-Quarter 2017 Commercial/Multifamily DataBook reported.
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