A $420 million Merrill Lynch team joins LPL May 9, 2017 | by InvestmentNews  A four-person team that managed $420 million in assets at Merrill Lynch in Melville, N.Y., has gone independent and affiliated with LPL Financial. The Choice Group Wealth Management, led by advisers Ira Katz, John Scala, Bryce Wilinski and Daniel McNicholas, will operate…

Healthcare Trust of America Closes on Medical Office Portfolio in Arizona and Southern California May 9, 2017 | by Healthcare Trust of America, Inc. SCOTTSDALE, Ariz., May 9, 2017 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA), the largest owner and operator of medical office buildings in the United States, announced today that it closed…

Is Downtown L.A. Embracing New Urbanism? May 8, 2017 | by Michael Abergel | Commercial Property Executive As a construction boom transforms the city, California's capital of car culture is embracing the principles of density, walkability and verticality. Los Angeles is the second-largest U.S. city by population, yet for decades its downtown lacked the look and…

Originators Backing Off Retail, Hotel Lending; Making Up for it with Increased Industrial, Health Care, Multifamily Outlays May 8, 2017 | by Mark Heschmeyer | CoStar First quarter 2017 commercial and multifamily mortgage loan originations increased 9% compared to the same period last year, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage…

Office Drives CMBS Late-Pays Higher In April NEW YORK CITY—The largest new delinquency rate and the largest loan resolution for the month both occurred in the office sector, Fitch Ratings said Monday. May 8, 2017 | by PAUL BUBNY | GlobeSt.com NEW YORK CITY—A 44-basis point increase increase in office late-pays helped push US CMBS delinquencies higher…

Economy Watch: Top Rental Markets Still Seeing Price Increases May 8, 2017 | by Dees Stribling | Commercial Property Executive Despite talks of a pricing slowdown, the most expensive rental markets in the U.S. saw price increases in April, according to Zumper's latest report. San Francisco and New York City remain the top two rental markets…

Hines opens its gates to Dallas' latest amenity-rich, in-town neighborhood May 8, 2017 | by Candace Carlisle | Dallas Business Journal Houston-based development firm Hines has opened its gated residential community in North Dallas — the Merion at Midtown Park — which will bring new homes to the city starting in the $450,000s. The highly-amenitized, single-family…

Mall Owners Fighting Online Stores Turn to Concerts, Food Trucks With customer traffic sagging, U.S. retail landlords are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals. April 21, 2017 | Bloomberg (Bloomberg) — Malls are fighting for shoppers with one thing their web rivals can’t offer: parking lots.…

The Inland Empire Expands Multifamily rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion, Yardi Matrix data shows. May 9, 2017 | by Alex Girda | Commercial Property Executive  Rent growth in San Bernardino and Riverside counties continued…