The Lede
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The City That Never Deletes: How New York City Became a Real Estate Data Mecca
Commercial Observer, July 22, 2019--Nicholas RizziData, the fuel on which so much of the technology and appraisal of real estate runs, is up-to-date and in abundant supply in New York City, but still living in the dark ages in the rest of the country.
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California Is Divided Over Development Amid Severe Housing Shortage
NPR, July 18, 2019--Darius RafieyanCalifornia's governor wants cities in his state to build more housing, but some of them don't appear to be moving fast enough. The state has taken Huntington Beach to court.
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Fed’s Beige Book Shows ‘Widespread Concerns’ on Tariffs–But Positive Economic Outlook
MarketWatch, July 17, 2019--Greg RobbBusiness contacts were generally positive through early July about the economic outlook for the coming months despite "widespread concerns about the possible negative impact of trade-related uncertainty," according to the "Beige Book" survey released by the Federal Reserve on Wednesday.
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Dealmaker of the Week
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News and Trends
CREF Corner Office Conversation with New York Life’s Tim McGinnis
The Mortgage Bankers Association released an interview with New York Life Investors Managing Director Tim McGinnis.
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CMBS Special Servicing Rates Diverge
The commercial mortgage-backed securities special servicing rate settled down in June after two "roller coaster" months, but drilling deeper reveals an interesting trend, reported Trepp, New York.
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JLL: Record Dry Powder; Sourcing Deals a Challenge
JLL, Chicago, said private equity real estate fundraising started 2019 strong, registering the highest fundraising figure since the Great Recession.
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Tech Job Growth Moving to Smaller Markets
Tightening availability of tech talent in leading markets is spurring hiring momentum in smaller markets as tech employers seek additional labor pools, said CBRE, Los Angeles.
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CRE Professionals Confident in Activity Through Year-End
Mortgage banking and investment sales professionals remain bullish on the commercial real estate market and are turning their attention toward affordable housing as an emerging asset class, said Berkadia, New York.
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CREF Corner Office Conversation with New York Life’s Tim McGinnis
The Mortgage Bankers Association released an interview with New York Life Investors Managing Director Tim McGinnis.
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CREF Corner Office Conversation with New York Life’s Tim McGinnis
The Mortgage Bankers Association released an interview with New York Life Investors Managing Director Tim McGinnis.
Full Story