Wall Street Journal, Sept. 14, 2021–Will Parker (subscription)The 10% rise in national asking rents in August is highest on record, helped by more young workers returning to cities. (MBA interview)https://www.wsj.com/articles/soaring-rents-make-it-a-very-good-time-to-own-an-apartment-building-11631620801
Group Newslink: MBA Commercial/Multifamily NewsLink Sept. 16 2021
Wells Fargo Pushes Back Return-to-Office Date Again to Nov. 1
Bloomberg, Sept. 14, 2021– Hannah LevittWells Fargo & Co. delayed its return-to-office plans by another two weeks to early November.https://www.bloomberg.com/news/articles/2021-09-14/wells-fargo-pushes-back-return-to-office-date-again-to-nov-1?srnd=premium
Pimco Sets Its Sights on Commercial Real Estate
Wall Street Journal, Sept. 14, 2021–Peter Grant (subscription)Pimco, one of the world’s largest fixed-income investors, has been ramping up its commercial real-estate holdings at the same time that historically low …
Malls Bounce Back, but Brace for Tough Fall Season
Wall Street Journal, Sept. 14, 2021–Konrad Putzier (subscription)Nicer weather got people out of the house, while newly vaccinated Americans felt better being around strangers in enclosed spaces, analysts say.https://www.wsj.com/articles/malls-bounce-back-but-brace-for-tough-fall-season-11631620801?mod=hp_lista_pos2
Research Shows REITs Outperformed Private Equity Real Estate Funds
Wealth Management Real Estate, Sept. 14, 2021–Beth Mattson-TeigBased on IRR, listed real estate investment trusts outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed …
CRE Is Due for a Correction
GlobeSt.com, Sept. 14, 2021–Beau JonesCommercial real estate veterans know that their industry tends to overheat and then correct itself about every 10 years.https://www.globest.com/2021/09/14/cre-is-due-for-a-correction/?
President Biden to Tap Mike Calhoun for FHFA Director
Inside Mortgage Finance, Sept. 13, 2021–Dennis HollierPresident Biden plans to name housing activist Mike Calhoun to be the next permanent director of the Federal Housing Finance Agency, according to multiple …
Dodd, Frank Urge Biden to Re-Appoint Powell
The Hill, Sept. 13, 2021–Sylvan LaneThe architects of the Dodd-Frank Wall Street reform law on Monday urged President Biden to reappoint Federal Reserve Chair Jerome Powell despite opposition from progressives …
Analysis: Is ‘Go Big’ Housing Plan Enough?
Multi-Housing News, Sept. 13, 2021–Paul FiorillaThe Biden administration’s bold plan to address the nation’s growing housing affordability problem is a mixed blessing for the industry: they contain both unprecedented support …
MBA Seeks Participants in New Diversity, Equity and Inclusion Study
The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily …