Here are the news stories you may have missed this week:
International investors from Asia, Europe, and the Middle East have stepped up their purchasing as the U.S. economy grows. From January to April, global corporations spent $7.97 billion on commercial property — a 25% increase year over year — and there’s no end in sight. Read the full story at Bloomberg.
A bipartisan group of U.S. senators has drafted legislation that would liquidate mortgage financiers Fannie Mae and Freddie Mac in five years and replace them with a government entity called the Federal Mortgage Insurance Corporation. Lawmakers of all stripes want to phase out the government’s role in financing mortgages, and this proposal will likely serve as a foundation for the coming debate on how to do so. Head over to Reuters for more on the proposal and the debate surrounding it.
Today’s Facility Manager: Commercial real estate sectors steadily improve
Major commercial real estate sectors are gradually and steadily recovering. Record corporate profits, job creation, and low interest rates are helping to increase business spending and decrease vacancy rates. Office, industrial, and retail markets are all forecast to have vacancy rates drop by at least 0.3%. Check out todaysfacilitymanager.com for a deeper dive into the office, industrial and retail markets.
GlobeSt.com: North American liquidity tops all regions
A newly released study by DTZ Research shows that North American property investment was up 15% last year and that U.S. property markets are currently classified as “attractive” or “very attractive.” While global investment growth has been slow, the market is balanced and stocks appear set to continue their rise at a steady rate. The study also shows that investors are less cautious than lenders because of the perceived improvement in debt availability and increase in buying opportunities. North Americans will benefit from this as investors scrutinize liquidity in terms of investment. Get all the details at GlobeSt.com.