The Lede

Wall Street Journal, Feb. 7, 2018--Josh Barbanel (subscription)The tax overhaul and its elimination of some tax advantages of owning property have settled like a cloud over the Manhattan real-estate market.

Bloomberg, Feb. 4, 2018--Ros Krasny, Scott LanmanOutgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble.

National Real Estate Investor, Feb. 5, 2018--Bendix AndersonOccupancy rates for single-family rental houses are remaining largely flat. A strong economy is driving demand, but rents are not growing as quickly as they used to.

CNBC, Feb 5, 2018--Lauren ThomasDepartment store chain Bon-Ton filed Chapter 11 bankruptcy protection and will explore strategic alternatives including a sale of the company. The retailer is in the midst of closing more than 40 stores across the U.S.

If given $1 billion today, most commercial real estate executives would invest it in the industrial sector, reported Altus Group Limited, Toronto.

Commercial real estate remains more appealing than many alternative investments including stocks, bonds and cash--largely due to CRE's relatively stable income component--reported Situs RERC, Houston.

This week's chart shows annual private-label commercial mortgage-backed securities issuance volumes over the past 12 years, where CMBS AAA spreads to swaps are averaged for the year.

Single-tenant net lease big box store cap rates increased 25 basis points last year to 6.75 percent, reported Boulder Group, Northbrook, Ill.

The market for data centers--a growing industrial real estate subsector--is well positioned for continued growth, said JLL, Chicago.

This week's chart shows annual private-label commercial mortgage-backed securities issuance volumes over the past 12 years, where CMBS AAA spreads to swaps are averaged for the year.

This week's chart shows annual private-label commercial mortgage-backed securities issuance volumes over the past 12 years, where CMBS AAA spreads to swaps are averaged for the year.