Commercial Real Estate News for Thursday, Feb. 15

In Thursday’s commercial real estate news – we’ll give you a look at the newest version of Austin’s land development code, a $2 billion investment in U.S. data centers, the state of Fannie Mae, and more.

The 10-year hangover: Many commercial properties that received financing before the Great Recession face an uncertain future

Call it a 10-year hangover from those frothy days when loans on commercial properties were made with easy underwriting standards, turned into securities and sold off to investors. In Greater Philadelphia, the pain is still being felt.

Is Third Time The Charm For CodeNEXT?

City staff has unveiled a third version of Austin’s land development code, touting its ease of use and preservation of neighborhood character…

Singapore Govt Spearheading $2 Billion Investment in North American Data Centers

A trio of investors led by GIC, the sovereign wealth fund established by the Government of Singapore, has created a new investment vehicle to develop and acquire data centers across North America…

Choice Properties-Buying CREIT in $6 Billion Deal to Create Canadas Largest REIT

Choice Properties Real Estate Investment Trust has agreed to buy Canadian Real Estate Investment Trust in a $6 billion transaction they say will create the largest REIT in Canada with a combined enterprise value of $16 billion.

Fannie Needs First Bailout Aid Since 2012 After Tax-Cut Loss

The mortgage-finance company, which reported fourth-quarter and full-year financial results on Wednesday, said it will need to draw $3.7 billion from the U.S. Treasury in March.

Blackstone’s Property Arm Gets Two Heads With Gray Moving Up

Blackstone Group LP named Ken Caplan and Kathleen McCarthy to lead the private equity giant’s real estate business as Jon Gray takes on the role of president and chief operating officer.

How Much Pain Will the Bon-Ton Bankruptcy Cause for the Mall Sector?

Retail landlords and CMBS investors could be in for more pain ahead if Bon-Ton continues to consolidate and close stores…

10 Must Reads for the CRE Industry Today (February 15, 2018)

Catch up on the 10 must reads within the CRE industry.

CRE Experts Question Whether $200 Billion in Federal Fund Will be Enough to Fix Infrastructure

The proposal puts a greater emphasis on the need for local and state governments to fund projects with private support.

 
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