Commercial Real Estate News for Wednesday June 20

In Wednesday commercial real estate news – we’ll give you a look at how higher interest rates will winnow competition in alternative lending, the shortage of affordable housing in the U.S., the 10 must reads in CRE, and so much more.

 

Higher Interest Rates Will Winnow Competition In Alternative Lending

“The biggest challenge today that we haven’t had over the past nine years is the rising interest rate environment,” said Mark Bahiri, managing partner and co-founder of Emerald Creek Capital. He was one of the panelists at the Mortgage Bankers Association of New York Real Estate and Investment Summit, co-hosted with the Fordham Real Estate Institute on Tuesday. In the session on alternative lending, the panelists noted how their businesses would benefit with rising interest rates.

Workspace Property Trust Wraps Up $13 Billion Refinancing from JP Morgan Chase

When we last checked on Workspace Property Trust, a private real estate investment firm led by former Mack-Cali Realty executives Thomas Rizk and Roger Thomas focused on buying and operating suburban office space, things were not looking too good.

Lawmakers Blast Delays in EB 5 Visa Reform Fix This Program or Let It Lapse

In a rare moment of bipartisan agreement Tuesday, Trump Administration officials and top U.S. senators both said a popular immigrant visa program should be allowed to expire if federal officials can’t resolve longstanding issues affecting the program, including reducing fraud and addressing national security issues and minimum contribution requirements.

10 Must Reads for the CRE Industry Today (June 20, 2018)

Catch up on the latest in CRE today!

 

The Shortage of Affordable Rental Housing in the U.S. Continues Unabated, Study Shows

People who live in luxury, class-A apartments can often afford to pay more for their housing, but many property managers don’t dare hike the rents. That’s because residents often have lots of choices when it comes to where they could live, thanks to all the new class-A product now opening across the country.

Pension Funds Hunt for Higher Yields in CRE

Results from the global Investment Intentions Survey 2018 co-published by PREA show that 56 percent of global investors plan to increase their exposure to real estate over the next 24 months.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!