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PRIVATE CRE, PUBLIC EDUCATION DEVELOPMENT AMONG CONSTRUCTION SPENDING HIGHLIGHTS

​Private construction provided a bright spot, on both year-to-date private residential and non-residential spending, a report from the Associated General Contractors of America showed. 


DECEMBER 7, 2017 | By  Gail Kalinoski | Original Content of Commercial Property Executive


Aided by increases in private commercial real estate and public educational development, overall construction spending reached a record high in October, according to the Associated General Contractors of America. However, the Arlington, Va.-based association noted public-sector investments in infrastructure continued to lag behind earlier levels, according to an analysis of new government data.

Association leaders said federal, state and local officials need to address the growing shortfall in transportation, water and wastewater infrastructure spending. “It is essential to increase the nation’s investment in roads and other transpiration facilities to keep the economy growing. And investment in safer highways, drinking water and wastewater systems are important for public safety and health,” Stephen Sandherr, the association’s CEO, said in a prepared statement...
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​FEDS SEE SMALLER MULTIFAMILY FINANCE MARKET IN 2018

FHFA Lowers 2018 Multifamily Lending Caps for Fannie Mae and Freddie Mac


DECEMBER 5, 2017 | By Mark Heshmeyer  | Original Content of CoStar News


​Following two years of increased originations, the Federal Housing Finance Agency (FHFA) is lowering its projections for the multifamily lending market in 2018.

FHFA, which oversees Freddie Mac and Fannie Mae, announced that the 2018 multifamily lending caps for each government-sponsored enterprise will be $35 billion. That is down from $36.5 billion in 2017. The 2018 limit returns to the same lending cap set in 2015 and reflects the FHFA's expectations that the overall size of the 2018 multifamily originations market will be slightly smaller next year. 

In fact, the nation's largest 25 banks have already cutback on multifamily lending. The amount of multifamily loans on their books has shrunk $3.3 billion through Nov. 22 since the end of July, according to Federal Reserve data... CONTINUE READING


CRE INDUSTRY FOCUSED ON TAX CUTS FOR 'PASSTHROUGH' ENTITIES AS TAX REFORM ENTERS FINAL STRETCH  

Apparent Victory for Commercial Property Owners as First Major Tax Overhaul in Three Decades Speeds Toward Completion


December 4, 2017| By Randyl Drummer | Original Content of CoStar News


The U.S. Senate and House of Representatives have started work to reconcile differences between their two tax bills, including the timetable for reducing the corporate tax rate from 35% to 20%. 

Of special interest to commercial real estate investors is how the final legislation will tax so-called "pass-through" entities such as sole proprietorships, partnerships, limited liability companies and S corporations. Tax treatment of pass-throughs is among several differences between the two bills with regard to businesses. 

Senate Republicans early Saturday passed a hastily crafted $1.5 trillion overhaul of the tax code on a party line vote of 51-49, with only Bob Corker R-TN, breaking party ranks to vote against the final draft of the bill...
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WHICH COMPANIES CARRY THE HIGHEST VALUE IN LEASES FOR US OFFICE AND INDUSTRIAL REAL ESTATE?

Updated - Analysis of Top 1,000 US Leaseholders Representing $135 Billion in Rent Value Confirms Rapid Ascent and Influence of Tech Tenants, Importance of Govt. Occupiers to CRE Landlords


November 30, 2017 | By Randyl Drummer | Original Content of CoStar News


The top 1,000 corporate, government and institutional occupiers in the U.S. hold leases worth an aggregated rent value of more than $135 billion, encompassing just over 8.4 billion square feet of office, industrial and flex space across about 115,500 properties, according to a recent analysis of CoStar Group tenant data. 

The study ranks occupiers by the current value of rents paid across their U.S. real estate portfolios in CoStar's database. Total rent value was calculated by multiplying the space occupied by tenants in each building by the estimated rent value per property in the U.S. and providing a total lease value for each occupier across markets
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