10 Must Reads for the CRE Industry Today (October 22, 2014)

10 Must Reads for the CRE Industry Today (October 22, 2014)

 

  1. Getting Back to Basics in U.S. Real Estate Investing “Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging from the financial crisis. It’s about identifying markets with low inventories and good economic prospects.” (Epoch Times)
  2. FDIC Backs Rules Requiring Lenders to Keep Stakes in CLOs “Lenders will have to keep stakes in mortgages and highly leveraged corporate bonds they package for sale to investors under measures approved by U.S. regulators to rein in risky credit practices. The interagency rule adopted by the Federal Deposit Insurance Corp. today drops a requirement that banks retain part of mortgages with down payments of less than 20 percent, a proposal that drew protests from bankers and consumer groups when it was proposed in 2011.” (Bloomberg)
  3. Real Estate IPOs Ape Traditional REITs as a Solution to Disputes “Real estate partnerships with disparate interests have a new way to resolve disputes. On ETRE Financial's platform, owners have the option to sell an entire asset or to list only a portion of the building's equity under an initial public offering.” (The Street)
  4. 2 Stock Market Sectors to Shield You from Pain “It’s been a wild ride for investors over the past two weeks, and it may not be over. But whether the stock market rises or falls, Art Nunes sees two areas of opportunity: utility companies and real estate investment trusts.” (MarketWatch)
  5. At the Intersection of Real Estate and Urban Economics “An urban economist and director of the MIT Urban Economics Lab, Saiz studies the industrial composition of cities with an eye toward understanding what makes cities successful. He also creates and studies incredibly-detailed information about housing markets and how urban growth impacts real estate markets.” (MIT News)
  6. 2014 Adviser Benchmarking Trend Report “This year, the study results are being published on WealthManagement.com in 8 individual sections providing a comprehensive look at the survey’s most relevant measures: practice management and operations; ETFs; alternative investments; marketing and client relations; financial performance; investment management; best practices; and economic and advisory business outlook.” (wealthmanagement.com)
  7. TIAA, Jonathan Rose Launch Affordable MF Fund “TIAA-CREF and Jonathan Rose Cos. said they have luanched the Rose Affordable Housing Preservation Fund LLC. The $51.6 million fund—seeded by the two firms—has been established in order to acquire affordable and mixed-income multifamily housing in high demand markets across the US.” (GlobeSt)
  8. Wealth Adviser: Real Estate as a Retirement Risk “A financial plan for retirees can come apart pretty quickly if they mismanage what’s often their biggest asset: their house. “It’s the area with the most emotional attachment—and a place where it’s very easy to mess up,” says New York City-based adviser Larry Luxenberg. In an article on MarketWatch, he and other advisers describe some common retiree real estate stumbles. They include not downsizing soon enough, not properly investing the cash when selling and failing to research that new retirement destination.” (The Wall Street Journal)
  9. Essay: Why Neiman Marcus Picked a New York Neighborhood “When you think of an urban renewal project built around a working train yard, you may not think Neiman Marcus. But a New York developer knew better — and Neiman’s agreed.” (Dallas Morning News)
  10. Putin’s Largest Target: More Than 200 Russian McDonald’s “Ronald McDonald appears to be caught in the economic crossfire between Moscow and Washington. More than 200 of McDonald’s restaurants in Russia—or roughly half the country’s total 440 locations—are now under government investigation, according to the company, and a regulator has already closed nine McDonald’s outlets in recent weeks.” (BloombergBusinessweek)
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