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 …
Category: Top National News
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.
Mounting Pressures on Mom-and-Pop Landlords Could Spell Trouble for the Affordable Rental Market
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 …
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%, …