New York becomes the top global city for foreign investment after crossborder investment to London falls 44 percent year over year, Reuters reports. Sales of non-traded REITs have declined as the industry eyes further regulation, according to Investment News. These are among today’s must reads from around the commercial real estate industry. read more Continue…
Property prices are high again—especially for apartment properties, which are priced much higher than they were at the peak of the financial crisis.
Money manager Laszlo Birinyi says the new S&P 500 real estate sector won’t benefit investors, reports MarketWatch. Forbes looks at how much space $1,500 in apartment rent would get you in major U.S. cities. These are among today’s must reads from around the commercial real estate industry.
The Atlanta Falcons have closed financing on their new $1.5 billion stadium a year earlier than executives originally projected.
Blackstone Group LP is in a $1.8 billion deal to buy the U.S. real estate assets of Alecta, the Swedish pension manager that is seeking to exit investments that don’t fit with its strategy, according to a person with knowledge of the transaction.
June marked 50 straight months of national home price appreciation, with prices up 33 percent from a 2012 bottom, says a report.
Amazon’s next bookstore location will be in Chicago, Mashable reports. Chinese developers have invested $19 million into Los Angeles land purchases since 2014, according to Curbed Los Angeles. These are among today’s must reads from around the commercial real estate industry.
The Moody’s/RCA all-property composite index moved up by 2.6 percent, with price increases in every major sector. The CoStar composite index is up as well.
Commercial building owners and managers have been using Portfolio Manager to track energy for some time.
Portfolio managers have increased active REIT allocations by 80 basis points over the past year, according to Barron’s. The NAHB’s recent multifamily index shows builder sentiment about the multifamily market dropped, World Property Journal reports. These are among today’s must reads from around the commercial real estate industry.
Giddy leasing brokers have been loath to point that growth was going anywhere but up for the tech sector—until now.
It could be the last department store standing at your local mall.
The commercial real estate sector in the U.S. is benefiting from Brexit, according to EconoTimes. The Dallas Federal Reserve President indicated the chances of an upcoming interest rate hike are increasing, reports CNBC. These are among today’s must reads from around the commercial real estate industry.
While every hotel brand under the sun makes moves to attract millennials, hostels are doing the very opposite.
Eddie Lampert, the hedge fund manager who runs Sears Holdings Corp., is once again lining up financing for a retailer that has lost more than $9 billion in recent years.
Many retailers have already adopted multi-channel sales models. The ongoing question is how landlords will reuse the space when anchor stores like Macy’s leave.
Private non-residential construction increased 7.0 percent year-over-year.
MarketWatch asks if we are entering a restaurant recession. Shoe retailer DSW will add 21 more stores to its 482-store roster, according to Chain Store Age. These are among today’s must reads from around the commercial real estate industry.
U.S. banks have continued to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks.
Price appreciation got an unexpected second wind this summer. The Moody’s/RCA CPPI surged ahead 2.6 percent in June.
The Metropolitan Transportation Authority, the largest mass-transit provider in the U.S., plans to raise $1.06 billion in September through its first sale of bonds backed by the Hudson Yards development in Manhattan.
Take a look at yields on U.S. agency-backed mortgage securities. These rates are near the lowest since 2007 relative to similar-maturity Treasuries. This appears to be driven in part by Japan.
The percentage of apartments that were vacant at class-B and class-C communities fell to an average of 2.7 percent in the second quarter.
JPMorgan Chase resolves its lawsuit over $6 billion in bad mortgage-backed securities, reports The Street. CNBC notes that traffic at outlet centers has picked up in July. These are among today’s must reads from around the commercial real estate industry.
Some states make it easier for families to have it all, while others are more challenging. But which ones?
The tens of thousands of people who leave New York and California every year act as sources of new demand in the places to which they move, like Florida, Texas and Colorado.
New York REIT Inc. said the company is planning its liquidation, the culmination of a strategic review pushed by shareholders to boost value.
The bidding for student housing properties seems likely to get more intense.
Analysts led by David Kostin at Goldman Sachs say there are a lot of challenges, and they are not recommending investors try to make up for the missed gains.