Loans Backed by Office Buildings Were Supposed to be Battered. That Prediction Proved Wrong.

Wealth Management Real Estate, Nov. 17, 2021–Patricia KirkOffice loan portfolios held by non-bank lenders have been posting steady performance, helped by long leases, high quality assets and some workouts.https://www.wealthmanagement.com/investment-strategies/loans-backed-office-buildings-were-supposed-be-battered-prediction-proved?

What They Say, What They Do: Maybe U.S. Consumers Aren’t So Dour

Chief Investment Officer magazine, Oct. 28, 2021–Larry LightWhile pollsters say their mood is sour, people still are spending more than before, JLL Chief Economist Ryan Severino says.https://www.ai-cio.com/news/what-they-say-what-they-do-maybe-us-consumers-arent-so-dour/

St. Paul Voters to Decide on Sweeping Rent Control

Wall Street Journal, Oct. 30, 2021–Will Parker (subscription)Minnesota’s capital city is considering imposing a 3% limit on annual increases as rents soar across the country.https://www.wsj.com/articles/st-paul-voters-to-decide-on-sweeping-rent-control-11635593401?

Big Retailers Becoming Big Property Owners With Warehouse Deals

Wall Street Journal, Oct. 28, 2021–Mark Maurer (subscription)Retail giants like Amazon.com Inc. and Costco Wholesale Corp. think they have found a way to boost their e-commerce operations and save money: …

New York Landlords Seek to Suspend Extension of Eviction Freeze

Bloomberg, Oct. 19, 2021New York landlords sued to block a law extending the state’s moratorium on evictions and foreclosures, warning of “devastating consequences” to small property owners if it’s allowed …

Amazon to Allow Employees to Work Remotely Indefinitely

Washington Post, Oct. 12, 2021Amazon said Monday it will allow many tech and corporate workers to continue working remotely indefinitely, as long as they can commute to the office when …