Commercial Real Estate
Top stories summarized by our editors
12/13/2019

US retail sales rose 0.2% in November from the previous month, according to the Commerce Department, falling short of forecasts calling for 0.5% growth. Sales were up 3.3% over November 2018, and sales growth for October was revised upward to 0.4%.

12/13/2019

There is financing available for construction projects involving retail developments, but underwriters are selective about the projects and the borrowers they choose, experts say. "In today's environment, the sponsors that are getting deals done have very strong track records and tenant relationships," says Sunny Sajnani of Metropolitan Capital Advisors.

12/13/2019

This video offers an overview of the net lease real estate sector in general and the NETLease Corporate Real Estate ETF in particular. Alexi Panagiotakopoulos of Fundamental Income discusses growth potential in net lease investments.

12/13/2019

Freddie Mac has issued its first multifamily real estate securitization in which one class of senior bonds is indexed to the Secured Overnight Financing Rate. Fannie Mae has already offered several products based on SOFR, which is a possible replacement for Libor.

12/13/2019

Low interest rates and a focus on the middle market are expected to contribute to robust acquisition activity in the senior housing space into 2020, experts say. Pricing on senior housing deals has fallen after hitting a high point in 2017.

Full Story:
Senior Housing News
12/13/2019

Rexford Industrial Realty has acquired two properties in the Greater Los Angeles area in separate deals for a total of $99.7 million. The buildings are 808,800 square feet in total.

12/13/2019

Macerich reached a deal with JPMorgan Chase for a $487 million refinancing of the Kings Plaza Shopping Center in Brooklyn. Almost $60 million in new financing is included.

12/13/2019

Safehold has closed a $235 million ground lease in Midtown Manhattan. The 929,000-square-foot office is located at 135 West 50th St.

12/13/2019

Affordable housing is drawing more interest from investors, says Anne McCulloch, president and CEO of Housing Partnership Equity Trust. Investors are realizing that Class B and Class C apartments "can be great investments and deliver steady returns," she adds.

Full Story:
Nareit
12/13/2019

The US is planning to cancel a round of tariffs on Chinese goods after the two countries reached a "phase one" trade deal. The deal calls for China to strengthen protections for foreign companies and to buy more US agricultural products.