MarketWatch, Nov. 16, 2020–Joy WiltermuthLow rates and rosy assumptions about how much rent properties might collect helped fuel the record $5 trillion debt boom in U.S. commercial real estate over …
Category: Top National News
Apartment Investors Mull Opportunities in Distressed Malls
National Real Estate Investor, Nov. 16, 2020–Bendix AndersonApartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping …
Simon, Taubman Ink Revised Merger Agreement
Commercial Property Executive, Nov. 16, 2020–Lucia MorosanuAfter calling off merger plans in June, Simon Property Group has reached an agreement to acquire competing mall owner Taubman Centers Inc. While the …
Manhattan Office Glut Grows as Landlords Face Resurgent Pandemic
Bloomberg, Nov. 13, 2020–Natalie WongShares of SL Green, the biggest office landlord in New York, are down about 30% since March. To some, that decline merely hints at the pain …
As COVID-19 Shuts Malls and Hotels, Their Owners Fall Behind on Loans, Setting the Stage for a Changed Landscape
USA Today, Nov. 13, 2020–Michael Braga“The pandemic has had the most immediate and dramatic impact on hotels and motels, as we’ve taken a vacation from vacations,” said Jamie Woodwell, vice …
David Brickman to Step Down from Freddie Mac
HousingWire, Nov. 13, 2020–James KleimannBrickman, who took over as CEO of the company in July 2019, will leave Freddie Mac on Jan. 8, Freddie Mac disclosed in a filing with …
Booming Healthcare Real Estate a Career Opportunity for Women, People of Color
GlobeSt.com, Nov. 13, 2020–M. Sharon BakerDespite a concerning gap in pay equity and a shock from COVID-19, the sector poses a great opportunity for women and minorities in the near …
COVID Pushes Real Estate Into the Future
New York Times, Nov. 13, 2020—-Stefanos ChenThe coronavirus could be the crisis that finally propels the tech-averse real estate industry into the 21st century.https://www.nytimes.com/2020/11/13/realestate/real-estate-coronavirus.html
Korean Appetite for U.S. Commercial Real Estate Heats Up During Pandemic
Wall Street Journal, Nov. 17, 2020–Konrad PutzierSouth Korean investors are emerging as some of the most aggressive buyers of U.S. commercial real estate during the Covid-19 period.https://www.wsj.com/articles/korean-appetite-for-u-s-commercial-real-estate-heats-up-during-pandemic-11605618010?
COVID Upends CBD Real Estate
The COVID pandemic is wreaking havoc on commercial and residential real estate, especially in central business districts, said Wells Fargo Securities, Charlotte, N.C.