Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to six stories that caught our eyes in recent days:
Four Key Challenges in Commercial Real Estate for 2017, By Saraf Ahmed, Bisnow
Key Excerpt:
“Although real estate is cyclical, every player in the industry from the small-town broker to the CEO of Cushman & Wakefield must be prepared to weather every storm. While it is impossible to predict and micromanage every aspect of the market and its effect on one’s business, it is essential to develop evolving tactics and strategies to protect it.”
Nine Takeaways from ICSC New York Conference, Day One, By Diana Bell and Elaine Misonzhnik, NREIOnline.com
Key Excerpt:
“Attendees at this year’s ICSC New York’s National Deal-Making Conference tell us the mood on the floor is generally optimistic, and the buzz of businesses filling the halls of level one at Jacob Javits Center seemed to echo that.”
Digital Transit Display Could Become a Top Amenity for Urban Properties, By Kayla Devon, Multifamily Executive
Key Excerpt:
“One of the defining characteristics of this past cycle of multifamily construction has been the amenities race. As renting has experienced a surge in the past few years, a polite front desk attendant, clean apartments, and granite counters weren’t enough to satisfy Class A renters. It seems that, now, every new community is trying to outdo the competition on the next block.”
FHFA Holding Multifamily Lending Caps for Fannie Mae, Freddie Mac at 2016 Level, By Mark Heschmeyer, CoStar
Key Excerpt:
“FHFA added that it will review its estimates of the multifamily loan origination market size each quarter in 2017 and reserves the right to raise the caps as necessary. However, FHFA said it will not reduce the caps, claiming that could cause disruption in the market.”
Divided Atlanta City Council OKs Abandoning Streets at Underground Atlanta, By Dave Williams and Maria Saporta, Atlanta Business Chronicle
Key Excerpt:
“The Atlanta City Council voted early Monday evening to convert several streets in and around Underground Atlanta into private property. The ordinance, which passed 10-4, is to facilitate the city’s plans to sell Underground Atlanta to South Carolina developer WRS Realty.”
Atlanta Needs Cycling as a Critical Part of Transportation Plan, By Daniel Sweeney, Atlanta Business Chronicle
Key Excerpt:
“Many focus on public transit and walkability, but a third key ingredient is bikeability. Those in support of a more bikeable city understand the economic benefits the implementation of more bike lanes will bring to Atlanta.”