Bloomberg, Dec. 22, 2021–Patrick ClarkA massive office tower taking shape next to Grand Central Terminal in Manhattan is the latest evidence that the pandemic hasn’t diminished the real estate industry’s …
Group Newslink: MBA Commercial/Multifamily NewsLink Dec. 23 2021
Report Urges Rent Payment History in Underwriting
HousingWire, Dec. 22, 2021–Georgia KromreiUtilities, telecommunications and rent payment data ought to be used in mortgage underwriting, especially since federal regulators say they are focused on improving racial equity and …
A New European Real Estate Securitization Platform Steps into the U.S.
Wealth Management Real Estate, Dec. 22, 2021–Beth Mattson-TeigWill investors be able to buy and sell direct real estate from their stock trading account, much like they buy shares in companies …
Critical Aspects for Affordable Housing in 2022
Multi-Housing News, Dec. 22, 2021–Adriana MarinescuAlmost two years of pandemic have passed and the affordable housing crisis has only gotten worse. The U.S. now faces a shortage of 6.8 million …
Biden’s Build Back Better Bill Targets Foreign Real Estate Investors’ Tax Moves
Wall Street Journal, Dec. 21, 2021–Konrad Putzier (subscription)In a bid to raise funding for their roughly $2 trillion social-spending bill, Democrats are targeting foreign real estate investors.https://www.wsj.com/articles/bidens-build-back-better-bill-targets-foreign-real-estate-investors-tax-moves-11640091603?
The U.S. Housing Stock Is Full
Multi-Housing News, Dec. 21, 2021–Jamie WoodwellThe rental vacancy rate seen in Q3 has not been matched since the 1980s, according to the Mortgage Bankers Association’s latest report.https://www.multihousingnews.com/the-u-s-housing-stock-is-full/
Manhattan Office Tower on Far West Side Sells for $1 Billion
Bloomberg, Dec. 20. 2021–Natalie WongCove Property Group and Baupost Group sold Hudson Commons, a redeveloped office tower on the far west side of Manhattan, for $1 billion. The buyer of …
Moving Toward a Greener CRE Industry
Wealth Management Real Estate, Dec. 20, 2021Green building has gained momentum over the past two decades and greater focus on climate risk and ESG initiatives give tailwinds to sustainable initiatives. …
Blackstone Nears Deal Valuing Manhattan Office Tower at $2.85 Billion
Wall Street Journal, Dec. 17, 2021–Peter Grant (subscription)Blackstone is in advanced talks to acquire a 49% stake in a new Manhattan office tower in a deal that values the skyscraper …
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