Likely Defeat of California’s Prop 15 a Win for Commercial LendersNational Mortgage News, Nov. 4, 2020–Bonnie Sinnock (subscription)With the majority of election results in, the Golden State’s ballot measure to …
Category: Top National News
Proposition 15: Measure to Revamp Property Tax Revamp Systems Trails in Tight Race
The Associated Press, Nov. 4, 2020–Elliot SpagatA ballot measure to partially dismantle California’s longtime system of tying property taxes to the last sales price was trailing narrowly Tuesday with several …
Californians Once Again Reject Bid to Expand Rent Control in the State
L.A. Times, Nov. 4, 2020–Liam DillonCalifornia voters have again decisively rejected a bid to expand rent control statewide. Proposition 21 was opposed by 59.8% of the voters, according to the …
Real Estate Slump Forcing Big Funds to Delay Investor Redemption Requests
Wall Street Journal, Nov. 3, 2020–Peter Grant, Esther FungWith the pandemic bringing down values of hotels, retail properties and office buildings, investors are lining up to cash out of these …
‘Selling Uncertainty:’ Hotels Grapple With Restrictions, Tourism Decline
Wall Street Journal, Oct. 26, 2020 Fall foliage typically draws tourists from all over to Vermont, but this year, strict travel restrictions and border closures are hamstringing hotels like the …
Why Multifamily Loans Remain Resilient in New York
National Mortgage News, Oct. 30, 2020–Laura Alix, Paul Davis (subscription)Lenders pushed back against the notion that city dwellers’ pandemic-driven flight to suburbia would hurt them. They say fewer landlords have …
Trump v. Biden: What Each Administration Would Mean for the GSEs
Mortgage Professional America, Oct. 30, 2020–Clayton JarvisOne issue that has received little attention thus far in the election cycle is housing, specifically the future of GSEs Freddie Mac and Fannie …
Landlords Denied Injunction Against CDC Eviction Moratorium
Bloomberg, Oct. 29, 2020–Chris DolmetschU.S. District Judge J.P. Boulee in Atlanta on Thursday rejected a motion for a preliminary injunction brought by a nonprofit called the New Civil Liberties Alliance …
A Guide to the 2020 Election for CRE Pros
National Real Estate Investor, Nov. 2, 2020–David Bodamer In addition to the outcome of the Presidential election and control of Congress, a number of ballot measures are significant for the …
Will Office Buildings Survive The Pandemic? Thomas Heatherwick Is Sure of It
Wall Street Journal, Oct. 30, 2020–Kerry Barger For a designer who’s developing office space around the world, Thomas Heatherwick doesn’t seem too fazed by how the pandemic might affect the …