The Lede
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Trump’s Ambitious Fannie, Freddie Overhaul Faces Hurdles
Reuters, July 26, 2019--Pete Schroeder"You're trying to reform what is the financing behind one-sixth of the economy," said Pete Mills, senior vice president at the Mortgage Bankers Association. "You've got to do it in a way that doesn't disrupt the marketplace, and that's the challenge."
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Amazon’s New York Office Hunt Includes WeWork-Owned Lord & Taylor Building
Wall Street Journal, July 25, 2019--Eliot Brown, Suzanne Kapner (subscription)Amazon.com Inc. is scouring New York City for new office space, including the historic building that formerly housed Lord & Taylor's flagship store.
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Transitioning From LIBOR
Commercial Property Executive, July 25, 2019--Jamie Woodwell (MBA Mention)Uncertainty surrounds strategies for managing this watershed change, as many firms wait on the sidelines for others to take the lead.
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CMBS Issuance Focuses on ‘Bulletproof’ Retail Loans
National Real Estate Investor, July 31, 2019--Beth Mattson-TeigInvestors are getting increasingly concerned about the outlook for retail-backed commercial mortgage-backed securities 2.0 loans.
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Goldman Tries to Exorcise Ghost of Real Estate Past With New Fund
Wall Street Journal, July 30, 2019--Peter Grant (subscription)Goldman Sachs's newly reorganized real estate investment unit is reviving a fund business the firm shut down after it suffered steep losses during the financial crisis.
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Dealmaker of the Week
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CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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New York City, New Jersey Office Rents at Record Highs
Transwestern Commercial Services said office rents in the New York City and New Jersey markets reached record levels in the second quarter, with overall Manhattan rents topping $80 per square foot.
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Falling Rates Bolster 1Q Apartment Investment Outlook
The apartment investment outlook improved in the first quarter after showing deterioration in late 2018, Freddie Mac reported.
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Commercial/Multifamily Briefs
The National Credit Union Administration is changing the regulation requiring real estate appraisals for certain commercial real estate transactions.
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Ten-X: Capital Markets, Labor Market Healthy
Despite concerns about cooling global economic growth and potential trade wars, capital markets and the labor market remain in good shape, said Ten-X Irvine, Calif.
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Office Investment Regaining Consistency
Real Capital Markets, Carlsbad, Calif., said the office investment market is back on track and buoyed by significant capital for deal-making following some political and economic uncertainty over the past year.
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