NEW YORK CITY—"Lenders can no longer rely on the rising tide of hotel fundamentals to offset poor credit decisions," says Stephen Boyd at Fitch Ratings.

NEW YORK CITY—Despite ups and downs, statistics reveal "continued expansion for construction activity" over the past year, says Dodge Data's Robert A. Murray.

NEW YORK CITY—"The commercial real estate market should moderate, which could stabilize prices" in the year ahead, says Kenn Riggs, president of Situs RERC.

ARLINGTON, VA—FFO guidance from AvalonBay, Equity Residential and UDR suggests moderately lower expectations for the coming year, according to analysts' reports on the three multifamily REITs.

LONDON—Related Cos.' ownership interest in Pocket Living reportedly marks the first time a US real estate firm has invested in the UK's affordable housing market.

CALABASAS, CA—Aside from the obvious impact on office markets in cities such as Houston, the oil supply glut could send shock waves through the broader US economy, says Marcus & Millichap.

WASHINGTON, DC—Cap rates may not have much room to compress further, but RICS chief economist Simon Rubinsohn says it's "quite likely that they will remain close to current levels."

PHOENIX—Less than a year after taking the helm at VEREIT, its CEO has seen substantial progress in executing on the business plan he and his new team set out for the net lease REIT.