REBusiness Online, Sept. 7, 2021–John NelsonPacific Investment Management Co. entered into a definitive agreement with Columbia Property Trust to acquire the New York City-based office REIT.https://rebusinessonline.com/pimco-to-acquire-office-reit-columbia-property-trust-in-3-9b-deal/
Category: Top National News
Commercial Mortgages: Much of Commercial Real Estate Continues to Surge Despite Delta Variant
Richmond (Va.) Times-Dispatch, Aug. 27, 2021–Andrew LittleDuring the pandemic, the new case curve of COVID-19 would dictate how the economy responded. As the vaccines reduced new cases, the economy roared …
The U.S. City That Has Raised $100M to Climate-Proof its Buildings
The Guardian (U.K.), Aug. 19, 2021–Mike De SocioIthaca, N.Y. has turned to private investors to help it decarbonize thousands of residential and commercial buildings.https://www.theguardian.com/environment/2021/aug/19/ithaca-new-york-raised-100m-climate-proof-buildings?
As Eviction Crisis Loomed, Rental Relief Barely Picked Up in July
Washington Post, Aug. 25, 2021–Rachel SiegelThe amount of emergency rental aid reaching tenants and landlords barely picked up in July compared to June, reflecting ongoing struggles for the White House, …
Supreme Court Could Rule on Eviction Ban as Early as September
GlobeSt.com, Aug. 25, 2021–Erik ShermanIn the face of another legal challenge by landlords of the latest CDC eviction moratorium extension at the behest of the Biden administration, the White House …
Homeownership in Reach for More as Fannie Mae to Include Rent Payments in Mortgage Approval Process
USA Today, Aug. 23, 2021–Paul Davidson (subscription)More Americans are expected to qualify for home loans after Fannie Mae said it will include rent payment history in its mortgage approval process.https://www.usatoday.com/story/money/personalfinance/real-estate/2021/08/23/fannie-mae-loan-mortgage-include-rent-payments-approvals/8213331002/
Multifamily Outlook: Growth Undiminished by Pandemic-Related Disruptions
Real Estate Business Online, Aug. 23, 2021–Sarah DanielsThe United States is well on a path of recovery from the COVID-19 pandemic shutdown that began in March 2020. More than 60 …
Office Occupancy May ‘Never Return’ To Pre-Pandemic Heights: Green Street
GlobeSt.com, Aug. 23, 2021–Lynn PollackAverage office occupancy will likely “never” return to pre-pandemic levels, according to one US-based analyst surveying the sector.https://www.globest.com/2021/08/23/office-occupancy-may-never-return-to-pre-pandemic-heights-green-street/?
Does It Make Sense to Turn Empty Retail Boxes into Short-Term Warehouses?
Wealth Management Real Estate, Aug. 18, 2021–Patricia KirkThe strategy can help keep revenue coming in while the spaces are marketed to long-term users, according to some experts.https://www.wealthmanagement.com/retail/does-it-make-sense-turn-empty-retail-boxes-short-term-warehouses
Solving for Lacking Accountability in Diversity Initiatives
PropModo, Aug. 13, 2021–Kyle HagertyJust four percent of real estate companies are owned by women or minorities. In commercial real estate, in particular, the lack of diversity is becoming a …