Fox Business, April 14, 2021–Caroline JoyceThe COVID-19 pandemic is accelerating the new trend of turning commercial real estate graveyards into housing.https://www.foxbusiness.com/real-estate/new-commercial-real-estate-trend-accelerated-by-covid
Category: Top National News
Biden’s $1.5 Trillion Budget Calls for Big Investment in HUD
HousingWire, Apr. 12, 2021–Georgia KromreiPresident Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for HUD to combat homelessness, retrofit rental housing and increase the supply of …
Experts: Arizona Rents Will Continue Rising at Record Pace
Your Valley, April 12, 2021–Matt RoyWhile commercial real estate developers continue to build new apartments in the Phoenix area, market forces including strong population and job growth will continue to …
The American City Isn’t Dead Yet
Mortgage Professional America, Apr. 9, 2021–David KitaiA new report on rental migration in Q1 of 2021 from rental search platform Apartment List points to an interesting development around America’s urban …
Powell Sees Economy at Inflection Point
Wall Street Journal, Apr. 11, 2021–Paul Kiernan (subscription)Federal Reserve Chairman Jerome Powell said the U.S. economy appears to be at an inflection point, with output and job growth poised to …
Average Office Utilization Rate Shrinks Dramatically Over Pandemic’s Course
Mortgage Professional America, Apr. 8, 2021–Duffie OsentalWhile on average 30% of office spaces were utilized in January 2020, data from VergeSense found that the economic impact of COVID-19 led to …
Manhattan Office Market’s 25% Drop is Ominous Sign for Landlords
The Real Deal (New York), April 08, 2021With offices shrinking in a post-Covid world, the world will never be the same for some landlords. The market value of office towers …
Real Estate Investors Bet on Patients’ Return to the Doctor’s Office
Wall Street Journal, April 14, 2021–Peter Grant (subscription)Medical offices have gained favor as doctors have continued to pay their rent amid the pandemic.https://www.wsj.com/articles/real-estate-investors-bet-on-patients-return-to-the-doctors-office-11618315227?
Billions in Coronavirus Aid Is Slow to Reach Renters and Landlords
Wall Street Journal, April 13, 2021–Christine Mai-Duc and Dan Frosch (subscription)Overwhelmed state and local authorities are grappling with how to allocate $25 billion in federal rental relief, leaving many tenants …
Proposal Could Make Life Insurers Bigger Real Estate Owners
State insurance regulators are working on a change in the rules for counting life insurers’ assets. MBA has worked closely with the American Council of Life Insurers (ACLI) to advocate for this proposal.