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 …
Category: Top National News
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.
Amazon is Snapping up Disused Shopping Malls and Turning Them Into Fulfillment Centers
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
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.