Commercial Real Estate & Business News – February 3, 2017

It is with no small coincidence that the same week in which the CRE Finance Council released its 2017 Market Outlook Survey, the new issue market welcomed the first conduit of 2017, which also doubled as the first risk retention deal designed with the hybrid L-shaped structure.…»
A decade after the U.S. housing market collapsed, Federal Reserve officials are watching rising apartment towers as the next potential asset-price bubble, which could add to the debate about the pace of interest-rate hikes this year. …»

Steady growth in office-using employment over the last few years and rising demand from big employers for a diminishing supply of newer high-quality office space have combined to create a fertile environment for new office construction, and developers are ready to deliver. …»

The decision by Macy’s, The Limited, and other retailers to close outlets around the US has shaken up the world of retail. And with some experts predicting that many more outlets will close this year, investors are definitely taking notice. …»
New regulation and the tail end of a wall of maturing debt are among the key factors tempering the outlook for the commercial mortgage-backed securities (CMBS) market at the start of 2017. But despite the challenges ahead, and the anticipated slowdown in issuance this year…»