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:
New FASB Standards Are a Potential Game-Changer for Lease Negotiations, By Howard Brash, NREIOnline
Key Excerpt:
“The new FASB leasing standard takes effect for the interim and annual reporting periods of public business entities, as well as certain not-for-profits and employee benefit plans, for fiscal years beginning after December 15, 2018. For all other entities, including private companies, the new lease accounting standard is effective for annual reporting periods beginning after December 15, 2019 and interim periods beginning after December 15, 2020.”
Banks Pick Up Greater Share of Multifamily Lending Business, By Bendix Anderson, NREIOnline
Key Excerpt:
“Agency lenders still originated more apartment loans than any other type of lender, but their lead is shrinking, with less than half—just 44 percent—of all permanent apartment loans in the first half of 2016, according to New York City-based research firm Real Capital Analytics (RCA). That’s the lowest share for the agencies since 2012.”
Better Buildings Challenge Helps Owners Improve Their Buildings’ Energy Efficiency, By Maria Vargas, Multifamily Executive
Key Excerpt:
“Data-driven energy upgrades and energy benchmarking are rapidly becoming more mainstream as data aggregation and sharing enable more and more owners to access their residents’ energy-consumption data. Additionally, improvements to the EPA’s Energy Star Portfolio Manager tool have made it easier for owners to track their data across their portfolios, compare their buildings’ energy performance over time, and share that information with other authorized users.”
Economy Watch: Retail Sales Bounce Back in September, By Dees Stribling, Multi-Housing News
Key Excerpt:
“Compared with September 2015, sales were up 2.7 percent, and sales for the third quarter of 2016 (July through September) were up 2.4 percent compared with third-quarter 2015.”
Is ATL Office on the Downward Slide, By Jarred Schenke, Bisnow
Key Excerpt:
“Third-quarter office activity reports from some noted firms in town are painting a muted picture of the Atlanta office market—albeit under the umbrella of Class-A office rates hitting record numbers.”