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Commercial Real Estate News for Thursday, Aug. 31

In Thursday’s commercial real estate news – we’ll look at how hurricane Harvey will hurt Houston mortgage bonds already feeling pain from low oil prices, the CMBS Issuance doubles in the Second quarter leading to more positive outlook, the revision of the US second quarter growth, and more.

Harvey Hurts Houston Mortgage Bonds Already Feeling Oil Pain


Some $8.9 billion of loans packaged into commercial mortgage-backed securities since the financial crisis are supported by Houston-area offices, malls and hotels.


CMBS Issuance Doubles in the Second Quarter, Leading to More Positive Outlook

Market insiders now predict that issuance for the whole of 2017 will surpass 2016’s modest level of $69.3 billion.

U.S. Second-Quarter Growth Revised to 3% in Momentum Boost

Gross domestic product rose at a 3% annualized rate from prior quarter (est. 2.7%); revised from initial estimate of 2.6%.

Zacks: Analysts Expect Ares Commercial Real Estate Corporation (ACRE) Will Announce Quarterly Sales of $11.53 Million

Analysts forecast that Ares Commercial Real Estate Corporation (NYSE:ACRE) will announce sales of $11.53 million for the current fiscal quarter.