Commercial News for 10/22/14
WSJ.com: Commercial Real Estate
Mortgage Rates Below 4%
Mortgage rates this week fell to their lowest level since June 2013, mortgage-finance company Freddie Mac said Thursday, as the jitters being felt in the stock and bond markets ripple throughout the economy.
Many on Renwick Street Embrace Development
Renwick Street, one of a few, largely hidden one-block streets in Manhattan, is coming out from the shadows with a burst of new development construction.
For Real-Estate Investors, It's Out With the Old
As foreign investors and pension funds push up prices for top-quality, low-vacancy office buildings, Boston Properties, one of the nation?s largest owners of existing office space is shifting gears.
Stamford Tower Feels Office Market Drag
The weak Stamford, Conn., office leasing market is creating a headache for 400 Atlantic St., an office tower operated by Landis Group.
Extell in Talks to Buy Midtown Church Property
The developer of the One57 condominium project that soars 90 stories over Central Park is negotiating to buy property controlled by a Midtown church.
New Entry in Meatpacking District
A Meatpacking District building that has been home to stables, a restaurant and more is being redeveloped as a Restoration Hardware store, according to people familiar with the deal.
Plots & Ploys: SEC Approves New Rules for Nontraded REITs
The SEC approved rule changes for nontraded real-estate investment trusts and other alternative investments that will require more disclosure and more-frequent valuations from the trusts.