APRIL 8, 2019

Top Story

Industrial

Industrial Sector Remains Red Hot Despite Headwinds

By Sebastian Obando, Staff Writer

The overall demand for industrial real estate could take a hit this year if no deal is reached and tariffs increase to 25 percent, according to a market report from real estate services firm Colliers International. These potential headwinds, however, are not worrying investors eyeing the industrial sector.

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Analysis

Alternative Properties

Institutional Investors Slow Down Purchases of SFR Assets

By Bendix Anderson, Contributing Writer

The biggest single-family rental (SFR) investors are still waiting for the right opportunity to grow their businesses. “Most of the large institutional players are sitting on the sidelines when it comes to new acquisitions,” says Daren Blomquist, vice president of market economics for Auction.com, based in Irvine, Calif., an online marketplace for foreclosed and bank-owned homes.

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Commentary

Finance & Investment

A 30-Day Commitment from HUD--Where Do I Sign?

By Tony Love

On February 21, the U.S. Department of Housing and Urban Development (HUD) issued Housing Notice 2019-03 announcing the 221(d)4 / Low-income Housing Tax Credit (LIHTC) Pilot Program. The notice establishes an expedited review process, with the goal of issuing a firm commitment in 30 days and then close in another 60 days. If achieved, HUD will become the capital source for new construction or substantial rehab tax credit projects.

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NREI Wire

Fitch Sees 'High Losses' for CMBS if Malls Can't Refinance

Bloomberg

Commercial mortgage-backed securities could see big losses if troubled mall loans aren’t refinanced before they mature in 2020, according to Fitch Ratings Inc. The biggest risk is if the borrowers decide to walk away from the property in order to avoid foreclosure, Fitch analyst Huxley Somerville wrote in a research note Friday.

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Los Angeles Is Having a Loud Economic Boom: Matthew Winkler

Bloomberg

Los Angeles Mayor Eric Garcetti is almost 12 months into his second term and the economy of the second-largest city is outperforming No. 1 New York, No. 3 Chicago and the rest of the U.S. Measured by the growth of personal income, gross domestic product per capita, jobs, home prices, global trade and transportation, corporate equity and municipal debt, Los Angeles has become the most productive of the five biggest U.S. cities.

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10 Must Reads for the CRE Industry Today

By NREI Staff

The downturn in bricks-and-mortar retail shows how challenging it has become for Manhattan’s retail landlords to make a profit, according to the Wall Street Journal. Bloomberg looks at the state of the U.S.-China trade deal. These are among today’s must reads from around the commercial real estate industry.

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