Commercial News for 10/26/14
WSJ.com: Commercial Real Estate
Time to Refinance (Again)?
The average charge on a 30-year fixed-rate loan is the lowest since June 2013.
U.S. Agencies Approve Relaxed Mortgage-Lending Rules
Three U.S. agencies signed off on relaxed mortgage-lending rules, helping complete a long-stalled provision of the 2010 Dodd-Frank financial law.
Plots & Ploys: Revving Up Jaguar Growth Partners
New York Life Insurance has agreed to commit up to $100 million for the first fund of Jaguar Growth Partners, a new private-equity firm established by former executives of Sam Zell?s Equity International.
World Trade Center Tower Rides a Muni-Bond Revival
After more than a year of uncertainty, a third tower at the World Trade Center site appears poised to rise thanks to an unlikely catalyst: a turnaround in the market for municipal bonds.
Investor's Solo Act Is a Hit in Houston
When APF Properties was seeking a partner to acquire an office building in Houston?s ritzy West Loop/Galleria area, it was turned down by 60 investor groups. A year later, it has proved to be one of the best investments in the 19-year history of the New York firm.
Bay Area's Office Boom Stalls in the East
San Francisco?s ability to nurture homegrown technology companies and lure larger ones from Silicon Valley has been a modern-day gold rush for the city?s property owners. So far, though, the spoils haven?t reached the city?s neighbors across the bay.
Red Lion Hotels Plans a New Line
Regional Hotel Brand Red Lion said it is launching a new brand aimed at young, design-conscious travelers.