Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:
Real Estate Executives Favor Industrial, Infrastructure, Multifamily Sectors in 2017, REIT.com
Key Excerpt:
“The Real Confidence Executive Index survey polled senior executives on how they would each allocate a theoretical $1 billion in commercial real estate investments to get the best returns for 2017. The Real Confidence Executive Index is based on these allocations and represents a total theoretical investment of $65 billion in a variety of commercial real estate investment opportunities.”
Freddie Mac Leads Nation as Top Multifamily Lender for Second Year in a Row, Multifamily Executive
Key Excerpt:
“Approximately $20.4 billion worth of Freddie’s loan purchases in 2016 weren’t subject to the Federal Housing Finance Agency’s $36.5 billion loan-purchase cap. These include certain loans for affordable housing, small multifamily properties, senior housing, manufactured housing communities, and energy- and water-saving improvements.”
Sweeping Tax Reform Proposals Creating Suspense for CRE Investors, By Randyl Drummer, CoStar
Key Excerpt:
“The Real Estate Roundtable and other industry lobbying groups have been working with Ways and Means committee staff since last fall to convert the House tax reform blueprint into legislation that can be introduced early this year. The plan would significantly lower income tax rates for corporations, pass-through entities and investors while possibly bringing major changes to how real estate investments are taxed.”
Holiday Shopping Headwinds Took Bite Out of Same Store Sales, By Mark Heschmeyer, CoStar
Key Excerpt:
“The International Council of Shopping Centers (ICSC) released its post-holiday Shopping Survey, finding that consumers spent an average of $711 on gifts and other holiday-related items this holiday season. This represents a 16 percent increase over 2015’s post-holiday survey results ($611) and is 4 percent ($27) above holiday shoppers’ intentions as measured in ICSC’s holiday Shopping Intentions Survey in October.”
Colliers: Could 1.5M SF be Atlanta’s New Office Absorption Norm?, By Jarred Schenke, Bisnow
Key Excerpt:
“The largest office deals of 2016 were led by the Georgia Department of Transportation’s renewal at One Georgia Center in Downtown Atlanta for nearly 300k SF. Other big deals included NCR in Midtown, Troutman Sanders’ 230k SF renewal at Bank of America Plaza and HD Supply’s Encore Center build-to-suit with Greenstone Properties, according to Colliers.”