Urban Institute, Nov. 10, 2020–Jung Hyun Choi, Laurie GoodmanWith less rent collected and more vacancies, mom-and-pop landlords are under increasing financial pressure, causing them to consider selling their properties and …
Category: Top National News
Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market
Wall Street Journal, Nov. 10, 2020–Peter Grant (subscription)More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply that …
Malls File for Bankruptcy or Shut Their Doors as Pandemic Pain Spreads
Wall Street Journal, Nov. 10, 2020–Esther Fung (subscription)Mall landlords are starting to seek bankruptcy protection or shutting down, the latest signs that the pandemic is deepening a crisis that began …
Mall Vacancies Hit Highest Level in 20 Years
GlobeSt.com, Nov. 10, 2020–Les ShaverThe retail sector’s struggles intensified in the third quarter. According to Moody’s Analytics REIS, the sector’s vacancy rate increased by 0.2% in the quarter to 10.4%, …
After Prop. 21’s Defeat, City and State Officials Need to Step up to Build More Housing, Developers Say
Spectrum News, Nov. 4, 2020–Joseph PimentelWith the latest defeat of another rent control initiative, housing developers say now is the time for state and local leaders to come up with …
Commercial/Multifamily Lending Sees Sharp Year-Over-Year Decline
Mortgage Professional America, Nov. 5, 2020–Candyd MendozaThe commercial/multifamily sector saw a 47% year-over-year decline in originations in the third quarter, according to the Mortgage Bankers Association.https://www.mpamag.com/news/commercialmultifamily-lending-sees-sharp-yearoveryear-decline-238157.aspx
Multifamily Refinancing’s Top Trends and Strategies
Multi-Housing News, Nov. 6, 2020–Sibley FlemingDuring the second quarter, multifamily originations declined 24 percent year-over-year as total multifamily and commercial originations fell by 48 percent, reported Jamie Woodwell, chief economist …
With Biden Win Likely, FHFA Doubles Down on Ending GSE Conservatorship
HousingWire, Nov. 5, 2020–Kelsey RamirezThe Federal Housing Finance Agency will continue its mission to release the GSEs Fannie Mae and Freddie Mac from conservatorship, even under a Biden presidency, a …
MBA: Commercial/Multifamily Lending To Drop 34 Percent In 2020
National Mortgage Professional, Nov. 6, 2020–Navi PersaudThe Mortgage Bankers Association’s forecast reported that commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties …
Homebound Workers Inject Life into Suburban Malls After Downtowns Empty Out
Reuters, Nov. 8, 2020–Nichola Saminather, Victoria WalderseeAs the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is …