New York Post, Jan. 10, 2016–Riedel, Michael
For years, Broadway theater owners have been selling air rights above their rather squat, landmarked stages to developers. Developers use those air rights to add extra floors to skyscrapers. But now the Nederlander Organization, which owns nine Broadway theaters, has unlocked something new: basement rights.
The Street.com, Jan. 9, 2016–Merrill, Than
In a move that may stimulate the stock market, and garner the attention of a fresh set of investors, MSCI and the S&P Dow Jones Indices will separate real estate into its own sector within the S&P 500.
Bloomberg, Jan. 8, 2016–Yu, Hui-Yong
Blackstone Group LP jumped to the top spot in real estate acquisitions in New York last year, with purchases that encompassed Manhattan’s biggest apartment complex and stakes in a group of office properties including the Starrett-Lehigh building on the Hudson River.
Fortune, Jan. 11, 2016–Matthews, Chris
Will another housing bubble bring down the U.S. economy? Nearly a decade after the peak of the American real estate bubble, there’s no shortage of fear that we’ll repeat the whole nightmare again.
World Property Journal, Jan. 7, 2016
According to a new Mortgage Bankers Association survey of the top U.S. commercial and multifamily mortgage origination firms, commercial and multifamily mortgage lending is expected to increase in 2016, as lenders’ and borrowers’ appetites for new loans remain strong.
Washington Post, Jan. 7, 2016–Orton, Kathy
Mortgage rates were uneven this week as investors scurried toward bonds amid growing global economic concerns.
Scotsman Guide, Jan. 7, 2016–Whitman, VictorThe Mortgage Bankers Association’s monthly index that tracks credit availability fell for the second straight month in December, but the trade group indicated that doesn’t necessarily mean that credit tightened much last month.
CNBC, Jan. 7, 2016–Olick, Diana
As investors flee stocks, they are heading to bonds, and as a result, mortgage interest rates are falling. Mortgage rates ended 2015 at their highest level in nearly six months, but have since dropped precipitously.
Huffington Post, Jan. 7, 2016–Lazar, Michael
New reverse mortgage laws are actually making retirement planning more feasible, say the leading experts. When used properly as part of a retirement plan, experts like Jamie Hopkins, associate professor of taxation at The American College in Bryn Mawr, Pa., and co-director of the New York Life Center for Retirement Income, says that they can improve the security of retirees.
Reuters, Jan. 7, 2016–Raymond, Nate
A judge has given preliminary approval to a $110 million settlement to resolve an investor lawsuit against Credit Suisse Group AG over toxic mortgage-backed securities issued before the 2008 financial crisis.
