$3 million gift launches new real estate institute

Two luminaries of real estate have made a generous gift to help inspire and develop future stars of the industry. Donna and Herb Weitzman’s $3 million gift will establish the Herbert D. Weitzman Institute for Real Estate at the UT Dallas Naveen Jindal School of Management. The money will provide scholarships for eligible undergraduate finance and business administration students pursuing a concentration in real estate. Click here to read more at https://www.mpamag.com.

 

 

Increased Commercial Sales Help Drive U.S. Debt Markets in 2018

According to data from CBRE, demand for commercial real estate debt in the U.S. remains strong, supported by an increase in commercial sales transactions in Q3 2018.

Banks, alternative lenders and agencies all contributed to the increase in commercial lending volume. The CBRE Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S, ended Q3 2018 on a strong note at a value of 252–up nearly 25% from 202 in June. Compared with a year ago, the index is up by 13.1%. Click here to read more at http://www.worldpropertyjournal.com .

The Outlook For Private Real Estate Investment In 2019

Private capital has been playing the tune in the real estate market for some time now. As we reported in last year’s “Outlook for Private Real Estate Investment”, private allocations to funds, as well as direct investments by individuals and institutions, were set to keep growing. With 2018 nearly behind us, it is time to revisit the subject of private real estate investment and to offer an outlook for 2019. Click here to read more at https://seekingalpha.com .

4 REITs to Play the Divisive Amazon HQ2 Decision

Amazon (NASDAQ:AMZN) is a behemoth that continues to expand its collection of businesses, spanning from online and brick-and-mortar sales to, of course, the largest cloud computing services unit around. And Amazon is hiring employees by the ocean liner. In the past year, the company has raised its headcount by over 65%. And this has been a growing trend with hiring increasing by nearly 50% for the prior years of 2015 and 2016, and hiring increased another 65% for the full 2017 year. Click here to read more at https://investorplace.com .

Foreign Buyers Continue to Boost U.S. Investment Sales Volume

According to New York City-based research firm Real Capital Analytics (RCA), cross-border investment sales topped $62.7 billion year-to-date through third quarter—a 56 percent spike compared to the same period in 2017 and even edging past robust sales of $60.3 billion during the first three quarters of 2015, which set a high watermark for foreign investment activity to date. This has been a big year for mega-deals involving foreign buyers, including Toronto-based Brookfield Property Partners’ $15 billion takeover of mall REIT GGP and the Unibail-Rodamco acquisition of Westfield that accounted for $7.7 billion of U.S. transaction volume. However, even without those large entity-level deals, there continues to be a steady pipeline of buying fueled by international capital. Click here to read more at https://mrej.com

Sears creditors suggest Chairman Eddie Lampert structured deals to enrich himself

Sears creditors are questioning a series of deals between the company and its chairman and primary shareholder, Eddie Lampert, saying they might have been structured to benefit him rather than the company.

A committee of those owed money by Sears filed a motion in bankruptcy court Tuesday asking to be given access to documents detailing the deals, saying they are “potentially problematic.” Creditors are particularly concerned about deals involving Sears and ESL, the hedge fund that Lampert owns. Click here to read more at http://www.hartfordbusiness.com .