Real estate watchers like JLL and Real Capital Analytics say that international investors are returning to secondary markets to buy multifamily and commercial real estate in the U.S. They are drawn by a recovering U.S. economy and stronger investment yields.
Congress went home for August recess last week leaving a lot of unresolved business on the table—budgets for transportation and housing failed to pass in both the U.S. House of Representatives and the Senate. The chaos in Congress will probably continue this fall as the U.S. approaches the next debt ceiling deadline and seems likely to start the new fiscal year on October 1 without a budget.
Commercial real estate groups are nervous about the uncertainty around how new regulations may alter lending practices. In addition the Dodd-Frank Wall Street Reform and Consumer Protection Act and pending changes from the Financial Accounting Standards Board, the prospect of the third Basel Accord (Basel III) hangs over the industry.
With a few exceptions, apartments developers shouldn’t worry too much about the building cranes looming over hot apartment markets—overall supply is in line with demand for rental housing, according to “The State of the Nation’s Housing 2013.”
A slow recovery continues to spread through commercial real estate as more property types benefit from strengthening fundamentals, according to the latest information from top commercial real estate indices.
Just when you thought it was safe to read a news story about Congress, legislators are risking the entire commercial estate finance system by delaying the renewal of the Terrorism Risk Insurance Act of 2002.
WNC, an investment company based in Irvine, Calif., which focuses on affordable housing, announced the closing of its WNC Institutional Tax Credit Fund X, California Series 11 L.P., a $46 million fund focused on government-subsidized affordable housing developments in California.