Real Estate

  Frankfurt / AFP German property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of Brexit, an industry survey showed this week. A majority of 72 percent of respondents believed financial centre Frankfurt, rather than rivals Dublin, Paris, or Amsterdam, would gain the most from Britain leaving the European ...

  Bloomberg Banks burned by soured home loans in the aftermath of the housing bust and subsequent financial crisis found a quick replacement; mortgages secured by commercial properties ranging from malls to offices. In the years since 2008, US lenders have opened the commercial real estate (CRE) credit spigots, lending money underpinned by properties including hotels, multifamily rental units, and ...

  Reuters Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were ...

  Bloomberg China’s property prices and real estate investment are poised for slower growth even as home sales may rise to a record this year, according to a top government think tank. Real estate is due for a “short-term adjustment period” after heating up since 2015, the Chinese Academy of Social Sciences said in a report Wednesday. Price increases and ...

  Bloomberg As institutional investors scour the globe in search of safe havens from the post-Brexit turmoil, property consultancy Jones Lang LaSalle Inc. has a piece of advice: Go East. Topping the list of attractive investments is Japan, where some residential real estate projects deliver effective yields as high as 7 percent, taking into account the nation’s negative interest rates, ...

  Bloomberg Ventas Inc. agreed to acquire a group of medical and life-science properties from Blackstone Group LP for $1.5 billion, marking a foray into owning real estate affiliated with universities. The real estate investment trust plans to buy substantially all of the life-science and medical properties of Wexford Science & Technology LLC, according to a statement on Monday. Wexford ...

  Tribune News Service Millions of Americans lost their homes to foreclosures or short sales during the housing crisis. Fortunately for the economy, time heals most wounds — and credit reports. The number of people joining the rolls of those knocked from homeownership peaked seven years ago, so those blotches to their histories are starting to roll off the books ...

  AFP The outlook for Britain’s property market darkened on mounting evidence that the country’s vote to exit the European Union is weighing on asset values. Aberdeen Asset Management became the latest of seven financial groups to order a temporary suspension on redemptions from UK property funds after companies and individuals rushed to withdraw investments in reaction to Brexit. Aberdeen ...

  AP Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41 percent from 3.48 percent a week ago. A year ago, the 30-year rate stood at 4.04 percent. The 15-year mortgage rate dropped to ...

  Bloomberg Allianz SE’s Mohamed El-Erian said that the forced deleveraging of U.K. commercial properties after the Brexit vote may spur opportunities for investors. “If you’re a patient investor, with a stomach for mark-to-market volatility and quasi-permanent capital, that is going to be a very attractive area,” El-Erian said in an interview on Saturday with Bloomberg Television. “But wait, let ...