The Wall Street Journal looks at a new type of security created by Fannie Mae and Freddie Mac to help transfer the costs of defaults to private investors. Marketwatch looks at how median incomes in the U.S. have finally returned to prerecession levels. These are among today’s 10 must reads from around the CRE sector.
The New York Post looks at how a Wall Street landmark is sitting vacant after its purchase by a Chinese billionaire. Early metrics show a health boost in holiday sales, according to Reuters. And The Wall Street Journal profiles the real estate saga of the Goldman family. These are among today’s 10 must reads from around the CRE sector.
The New York Times profiles the Durst family. Parkway Properties CEO Jim Heistand talks with REIT.com about the outlook for office properties and his firm’s plans. Marketwatch takes look at the success of the Atlantic Station project in Atlanta. These are among today’s 10 must reads from around the CRE sector.
Staples is ready to offer concessions to allay antitrust concerns in its proposed takeover of Office Depot, according to Bloomberg. New York REIT is seeking to sell itself, reports the New York Post. Workplace Trust bought a portfolio of 41 assets from Liberty Property Trust, according to GlobeSt.com. These are among today’s must reads for the commercial real estate industry.
Chain Store Age looks at Walmart’s growth plans. Seeking Alpha explores the influence of sovereign wealth funds and pension on REITs. Institutional Investor says commercial real estate is “percolating” but “not about to blow.” These are among today’s must reads from around the commercial real estate industry.
Developers, designers and contractors regularly describe their newer student housing projects as “resort-like,” with elaborate, if not arguably over-the-top, amenities that colleges and universities use as recruitment tools.
This spring, NREI conducted its first research survey measuring industry pros’ sentiments on the sector. What we found is that conditions are healthy and there is sentiment for continued improvement. But it’s also difficult to form a cohesive outlook for the sector at large. There are variances by region, asset type and asset quality. On balance, the picture remains rosy, but there are more concerns at the margins than on other property types for which we’ve conducted research this year.