CNBC, Aug. 11, 2021–Diana OlickThey are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging …
Category: Top National News
Covid-19 Rent-Relief Program Marred by Delays, Confusion, Burdensome Paperwork
Wall Street Journal, Aug. 11, 2021–Will Parker and Andrew Ackerman (subscription)More than seven months after it was launched, the biggest rental assistance program in U.S. history has delivered just a …
VICI to Acquire MGM Growth Properties for $17.2B
GlobeSt.com, Aug. 04, 2021–Erika MorphyVICI Properties is acquiring MGM Growth Properties for $17.2 billion, including the assumption of $5.7 billion in debt. When the deal is complete, VICI will have …
Credit Union Economist Says Rising COVID Concerns Pushing Down Interest Rates
Credit Union Times, July 27, 2021–Jim DuPlessisCUNA Mutual Group’s latest report said lower interest rates are being driven by the market’s expectations that Americans will take longer to reach herd …
Commercial Property Sales Volume Returns to Pre-Pandemic Levels
Wall Street Journal, July 27, 2021–Esther Fung (subscription)Recovery has been fueled by low interest rates and optimism on fight against Covid-19https://www.wsj.com/articles/commercial-property-sales-volume-returns-to-pre-pandemic-levels-11627387380?
Path to Prosperity in a Post-COVID CRE Economy: Four Experts Discuss
Commercial Observer, July 27, 2021Subject matter experts from the Federal Reserve bank, NYU Schack Institute, Carlyle Capital and Reonomy discuss COVID recovery and the implications for commercial real estate professionals.https://commercialobserver.com/2021/07/path-to-prosperity-in-a-post-covid-cre-economy-4-experts-discuss/
Is the CRE Industry Progressing on Diversity and Inclusion Efforts?
Wealth Management Real Estate, July 26, 2021–Patricia KirkWhat real estate brokerage and investment firms have been doing recently to increase diversity among their ranks?https://www.wealthmanagement.com/investment-strategies/cre-industry-progressing-diversity-and-inclusion-efforts?
Wall Street CEOs Say Working From Home Isn’t Working
Wall Street Journal podcast, July 21, 2021–Ryan Knutson (No subscription required)Major banks performed well while employees worked remotely. But executives at some banks are bringing their workers back to the …
Senate Democrat Looks to Trim a Tasty CRE Tax Cut
GlobeSt.com, July 21, 2021–Erik ShermanSenate Democrats on the Finance Committee are trying to pare back a 2017 Tax Cuts and Jobs Act provision that was a CRE perk. However, ironically, …
Private Equity Firms Keep Eating U.S. Life Insurers
ThinkAdvisor, July 21, 2021–Allison BellVery hungry financial caterpillars–private equity firms–continued to gobble up U.S. life insurance company investment assets in 2020. It’s still unclear to insurance regulators exactly what this …