New York Daily News, June 1, 2021–Babak GhafarzadeThe shortage of affordable housing is in contrast to a glut of vacant commercial space. Seemingly overnight last March, the city’s normally bustling …
Category: Top National News
California Eyes Shuttered Shopping Malls, Big Box Retail Stores for New Affordable Housing
Associated Press, May 31, 2021California state lawmakers are grappling with a particularly 21st-century problem: What to do with the growing number of shopping malls and big box retail stores left …
The End Of The Pandemic Is In Sight. What Does That Mean For Colorado’s Housing Crisis?
Colorado Public Radio, May 25, 2021–Hayley SanchezColorado’s housing market was hot before COVID-19. Although the pandemic brought ups and downs for renters and landlords, and people hoping to buy had …
A Flood of Federal Rental Aid Has Been Slow to Reach Those Who Most Need It
Washington Post, May 24, 2021–Greg JaffeCongress approved about $5 billion in rental and utility assistance in the spring 2020. More recently, Congress added another $46.5 billion in rental assistance–a sum …
‘There Is a Little Light, Finally’: New York Hoteliers on Recovery
New York magazine, May 24, 2021–John SuricoFour New York hoteliers weigh in on how the pandemic affected their industry.https://www.curbed.com/2021/05/new-york-hoteliers-on-the-future-of-the-hotel-industry.html
Seeking a Competitive Edge, CRE Investors Embrace Non-Traditional Data Sources
Wealth Management Real Estate, May 21, 2021–Jenn ElliotData such as foot traffic patterns, cellular movement and online reviews can help investors make more accurate underwriting projections.https://www.wealthmanagement.com/investment-strategies/seeking-competitive-edge-cre-investors-embrace-non-traditional-data-sources?
Big Groups Wary of Tax Hit on Small Players
Commercial Mortgage Alert, May 21, 2021–Steve Chambers“Bill Killmer, a senior vice president for legislative and political affairs at the Mortgage Bankers Association, said he was “encouraged” by some 200 virtual …
Blackstone REIT Plans to Appoint Katie Keenan as CEO
Wall Street Journal, May 19, 2021–Peter Grant (subscription)Large commercial real estate lender Blackstone Mortgage Trust is expected to appoint Katie Keenan Chief Executive Wednesday, partly crediting the role she played …
For Landlords, No Rent Means Economic Worries Of Their Own
Colorado Public Radio, May 18, 2021–Taylor AllenIn March, Colorado Gov. Jared Polis signed an executive order asking landlords and property owners to not evict people. In April he banned evictions …
Quantum Shift Looms for Office
Commercial Property Executive, May 17, 2021–Paul FiorillaThe typical question about a recovery is how long it will take for a property sector to return to its previous status. In the …