10 Must Reads for the CRE Industry Today (January 27, 2017)

What A 2017 SEC Filing Can Tell Us About America's Real Estate Presidency "As America's real estate president begins his term of office, it is, perhaps, fitting that the top loan in one of the year's first CMBS deals turns out to be for a building that's closely connected to the president's son-in-law and fellow real estate developer, senior White House adviser Jared Kushner. CD 2017-CD3 Mortgage Trust is a $1.1 billion commercial mortgage-backed securities deal issued by Citigroup, according to the preliminary prospectus filed with the Securities and Exchange Commission this week. ( Forbes ) Sears Shares Tank on Forecast It'll Burn Through $1.8 Billion This Year "Sears Holdings's (SHLD, -3.02%) cash problems are only getting worse, raising the odds the troubled retailer may have to restructure, credit agency Fitch Ratings said in a research note this week, implying the possibility of a bankruptcy filing. ( Fortune ) Economy Watch: US GDP Growth Tepid in Q4 "U.S. GDP in the fourth quarter grew at an annualized rate of 1.9 percent, a drop from the third quarter surge, when the rate came in at 3.5 percent, the Bureau of Economic Analysis reported on Friday. A number of factors were drags on economic growth during the year, including a downturn in private inventory investment (business spending), a deceleration in personal consumption expenditures, a downturn in nonresidential fixed investment-part of which is commercial real estate-and deceleration in residential fixed investment and in state and local government spending." 'Unfortunately, the company was unable...