Cincinnati Business Courier, Dec. 4, 2020–David HolthausAbout two years ago, a car ride to Columbus shared by two real estate and community development professionals resulted in an idea to expand …
Category: Top National News
Restaurant Closings Top 110,000 With Industry in a ‘Free Fall’
Bloomberg, Dec. 7, 2020–Carolina GonzalezMore than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. And more …
Millions of Americans Are Heading Into the Holidays Unemployed and Over $5000 Behind on Rent
Washington Post, Dec. 7, 2020–Heather Long Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moody’s Analytics warns. Last month, 9 million …
A New Setback for Big Cities as Return to the Office Fades
Wall Street Journal, Dec. 1, 2020–Peter Grant (subscription)U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow …
The COVID Pandemic Could Cut Business Travel by 36%–Permanently
Wall Street Journal, Dec. 1, 2020–Scott McCartney (subscription)Even if Covid-19 vaccines become widespread, business travel is likely to be changed by the pandemic. Travel budgets have been slashed and some …
Rental Market Poised For Boost as Homes Become Unaffordable
GlobeSt.com, Dec. 1, 2020–Rayna KatzSeveral new and recent reports indicate that sales are lagging while large swaths of existing home owners are relocating specifically to cut costs.https://www.globest.com/2020/12/01/rental-market-poised-for-boost-as-homes-become-unaffordable/?
HNWI Interest Grows For CRE Feeder Units
National Real Estate Investor, Nov. 30, 2020–Beth Mattson-TeigIt is no surprise that private equity real estate funds that are normally laser focused on large institutional investors are expanding their target …
CMBS 2020 Volume Clocks in at an Eight-Year Low of $53B
GlobeSt.com, Nov. 30, 2020–Les ShaverCommercial and multifamily mortgage loan originations, including CMBS, commercial banks, life insurance companies and the GSEs, were 47% lower as of Q3 2020 compared to a …
Yellen at Treasury Could Resuscitate Fed’s Loan Programs
National Mortgage News, Nov. 24, 2020–Hannah Lang (subscription)The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic …
A Surge of New Commercial Mortgage Opportunities Comes to Market
GlobeSt.com, Nov. 24, 2020–Kelsi Maree BorlandThe pandemic has catalyzed a wave of new investment opportunities in commercial mortgages. In the last six months, more than $6 billion in commercial mortgages …