Commercial News for 3/12/14
WSJ.com: Commercial Real Estate
Fannie-Freddie Endgame Takes Shape
Nearly six years after the government rescued Fannie Mae and Freddie Mac, top members in the Senate and the White House agreed on a framework to wind down the mortgage giants and overhaul the nation's $10 trillion mortgage market.
Germany Seeks to Shift the Broker-Fee Burden
Germany's government pledged to introduce legislation that effectively would shift the burden of most broker fees from renters to landlords.
Getting the REIT Tax Treatment May Get Harder
A plan to overhaul the U.S. tax code being floated by Republicans in Congress is rattling the real-estate world because it would limit the type of companies that qualify to become real-estate investment trusts.
Giants, Jets Set Mall Accord
The New York Giants and Jets have worked out an agreement to drop their litigation against the developers of a shopping mall being built next to MetLife Stadium in East Rutherford, N.J.
Plots & Ploys
Silverstein Properties is getting a prime piece of China real estate; The Wharf gets off the ground in Washington; Investors aren't impressed with Morgan Hotel Group's staff cuts.
Former New York Police Commissioner Joins Cushman & Wakefield
Former New York City Police Commissioner Raymond Kelly is headed to the private sector to run a new division for Cushman & Wakefield Inc. that will advise clients of the commercial real estate firm on how to protect themselves from terrorism, crime and other threats.
Turkey's Turmoil Puts Property Market at Risk
Political and financial turmoil in Turkey is threatening to snap a critical pillar of the government's economic policy: real-estate development.