CRE

New-home construction in the U.S. unexpectedly fell in December, indicating the industry lost some momentum entering 2016.

Interstate Hotels & Resorts in Arlington, Va., has formed a partnership with Hospitality Funding to provide financing for hotel development projects.

Life insurance companies posted a higher return on their private commercial mortgage investments in the third quarter of 2015, compared to the second quarter, according to LifeComps.

The availability of debt and equity financing declined during the most recent quarter, according to the National Multifamily Housing Council.

Midtown Manhattan, once the pinnacle of U.S. office markets, is facing a jump in large, empty work spaces as new towers open and tenants spread out across the city, including outer boroughs that businesses once shunned.

Auction.com has rebranded at the corporate level to Ten-X, as the company begins to grow other segments beyond its auction-based platform.

The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, according to Fitch Ratings.

CrediFi, a New York-based provider of commercial property data, is launching CMBS Suite, which it said is an information resource for lenders looking to refinance securitized commercial mortgages.

But the strong demand for tax credits from those projects is also whittling down the investment returns as their riskiness declines, according to a new report by the New York-based accounting firm CohnReznick.

A recent tax change will provide more stability to banks and developers that use the low-income housing tax credit program, and the supply of below-market-rate apartments should increase as a result. But it's not enough to create the economic incentives needed to meet skyrocketing demand for affordable housing in the U.S.