NBC News, April 5, 2021–Leticia MirandaMalls that buckled due to e-commerce or suffered during the pandemic are being given new life by the very entity that precipitated their decline–Amazon.https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914
Category: Top National News
Analysis: Big Government Spending Creates Opportunities, Worries for CRE
Commercial Property Executive, March 29, 2021–Paul FiorillaThe U.S. federal government has passed an unprecedented $5.3 trillion of stimulus as part of the effort to recover from the COVID-19 pandemic, and …
The CRE Industry is Playing Defense to Preserve 1031 Exchange Tax Benefits
Wealth Management Real Estate, Apr 05, 2021–Patricia KirkThe 1031 tax code has been challenged by politicians many times over its 100-year history. That’s why CRE insiders believe it will survive …
Scotsman Guide Interview: Marcia Davies, Mortgage Bankers Association
Commercial real estate finance remains a heavily male-dominated industry, but women have been making inroads. Some of this progress is the product of the work of mPower, a networking group started by the Mortgage Bankers Association to promote women within the industry. MBA COO Marcia Davies, who founded mPower, spoke with Scotsman Guide about where the industry stands in terms of recruiting, hiring and promoting women.
Annaly Capital Management to Sell CRE Business in $2.33 Billion Deal
Mortgage Professional America, Mar. 29, 2021–Candyd MendozaThe firm announced Friday that it has entered an agreement to sell all the assets of its CRE business to Slate Asset Management, a …
The Environmental Implications of the Return to the Office
Bloomberg, Mar. 29, 2021–Sarah HolderTelecommuting can save energy and reduce emissions — unless it doesn’t. A new tool can help companies measure workplace carbon emissions, and figure out if going …
JPMorgan, Salesforce Join Growing List of Firms Dumping Office Space
Wall Street Journal, Mar. 30, 2021–Konrat Putzier (subscription)JPMorgan Chase & Co., Salesforce . com Inc. and PricewaterhouseCoopers are among the major firms looking to unload big blocks of office space, …
As CDC Extends Eviction Ban, Servicers Face Range of Outcomes
National Mortgage News, Mar. 29, 2021–Bonnie Sinnock (subscription)“The key to all of this is how fast assistance gets into renters’ hands,” said Mike Flood, senior vice president of commercial/multifamily policy …
Bipartisan Bill Would Bring $1.5 Billion to Spur New Housing
Bloomberg, Mar. 24, 2021–Kriston CappsOn March 23, Minnesota Senator Amy Klobuchar, with fellow Democratic Senator Tim Kaine of Virginia and Republican Senator Rob Portman of Ohio, will introduce the Housing …
A Commercial Real Estate Investor Pivots to Digital-Related Assets
Wall Street Journal, March 24, 2021–Inti Pacheco (subscription)Colony Capital Inc. has made one of the biggest pivots in the real-estate business. Over the past two years, the former investor in …