A report from the Commercial Observer in New York. "Asking and taking rents at Manhattan’s high street retail districts continue to drop. 'It’s a little bit bloody out there,' said Jared Epstein, a principal at Aurora Capital Associates."

The New York Daily Record. "The mortgage holder on Monarch 716, a repossessed student apartment community in Buffalo, is demanding that developers Thomas Masaschi and Jason Teller repay the balance of $26.4 million that was not recovered at an April foreclosure auction."

The Ventura County Star in California. "The long-struggling Simi Valley Town Center shopping center has defaulted on payments and could be headed toward foreclosure, according to documents filed with Ventura County. A notice of default says the owners of the Simi Valley Town Center must pay $42,675,387.80 to stop a foreclosure."

"The shopping center’s owners had plans to remake the mall into a mixed-use development with a residential component, but those plans fell apart last year. 'They had a vision of doing away with approximately half the retail space and building apartment buildings,' said Simi Valley Mayor Keith Mashburn. 'There are numerous large companies that wanted to come in who were turned away because of the desire to tear down buildings and build apartments.'"

The Tampa Bay Times in Florida. "Despite rising construction costs and a 'hint of conservatism' in lending, Tampa Bay's extraordinary building boom could continue for several more years. And despite concerns about an oversupply of apartments and storage units, any gluts are apt to be temporary and limited to certain geographic areas. Those were among the points stressed by speakers at a 'Capital Markets Update.'"

"'There’s a hint of conservatism in the air,' said Al Rogers, executive lending officer of Valley Bank. 'We are dialing back a slight amount on leverage. We’re just concerned that with so much expansion and development and such, we are prone to overbuild.'"

From The Advocate in Louisiana. "The 2019 forecast for the Baton Rouge real estate market is mixed, local experts said. A glut of construction in markets such as the LSU student housing sector has caused apartment vacancy rates to rise and rents to drop."

"Craig Davenport with Cook, Moore, Davenport & Associates said in the past year, rental rates have dropped 2%. That’s the second year in a row the rates have fallen. At the same time vacancy rates are up to 9.3%. For some LSU properties, where thousands of units have been built over recent years, Davenport said the rates are 19%."

"According to a report by Shelley Simmons with C.J. Brown, Jennifer Waguespack with Level Homes and Keller-Williams Realty and Becky Walker of the Design Studio, the 'hotness' index for Baton Rouge has dropped to 26. That’s a 45 percent plunge in the past year. Rising inventory is causing this cool down."

From On The Edge News in Wisconsin. "Edgewood College’s residence halls have a gross maximum capacity of 680 people; but they are only currently housing 473. And that means that the college is losing a large sum of money by not filling up to their maximum capacity."

"Being 30 percent below capacity calls into question some of the rules in the housing contracts that were designed for years when Edgewood was regularly filling up the residence halls to the max. 'I don’t want to say we overbuilt, but maybe we should have been paying more attention to the numbers,' said Claire Mand, director of residence life at Edgewood College."

From Bisnow on Texas. "Houston is grappling with a hotel supply glut. Hospitality inventory has increased from about 72,000 rooms in 2010 to 92,000 rooms, a 28% leap, according to Houston-based hotel consulting firm DPC Hospitality. The construction pipeline is still packed with more than 4,500 units expected to be delivered this year, JLL reports. Houston is ranked as the fifth U.S. market for most hotel product under construction."  

"As a result of market saturation, lowered occupancy rates and depressed rental prices, assets in Houston are becoming increasingly distressed, CBRE Senior Vice President Rahul Bijlani said. 'Everyone is competing for the same business,' Marcus & Millichap National Hospitality Group Director Andrew Frosch said. 'The oversupply and competition are putting a big strain on the hotel owners to make a profit.'"

"A growing number of the underperforming properties are expected to change hands, Frosch said. A stumbling block there is a price gap between the buyers' and sellers' expectations. Many sellers value their hotels higher than what buyers are willing to pay. 'Hotel values in Houston are depreciating,' he said. 'There is a good chance the values are less than they were built for.'"

"CBRE's Hotel Group is set to market a troubled property in the coming weeks. The recently constructed Marriott-brand hotel was built for about $11M, but the asking price will be about $8M, Bijlani said. 'That represents a tragic turn of events for the ownership,' he said. 'But, it gives you an indication of the oversupply in the market.'"

The Denver Channel in Colorado. "The number of homes for sale in the Denver metro area was up significantly in April, according to the Denver Metro Association of Realtors. April ended with 7,012 active listings, an increase of more than 11 percent from March and a nearly 36-percent increase compared to April 2018."

"The biggest increase in inventory was in the condo market, which has seen a 62-percent increase in active listings year-over-year."