Wall Street Journal, Nov. 2, 2020–Soma Biswas, Esther Fung, Becky Yerak (subscription)Two major mall owners, CBL & Associates Properties Inc. and Pennsylvania Real Estate Investment Trust, filed for bankruptcy protection …
Category: Top National News
U.S. Commercial Real Estate Showing First Signs of a Thaw
Bloomberg, Oct. 22, 2020–John GittelsohnPrices on U.S. commercial real estate deals showed signs of improvement in the third quarter, though the number of transactions tumbled as COVID-19 continued to hammer …
In a COVID-19 World, Hotel Owners Must Be Wary of Vulture Funds
National Real Estate Investor, Oct. 27, 2020–Luis Flores and Teo VictoriaHotel owners and investors face a business landscape that has drastically changed this year.https://www.nreionline.com/hotel/covid-19-world-hotel-owners-must-be-wary-vulture-funds
Podcast – Current Lending Environment For Real Estate
RealCrowd.com, Oct. 27, 2020–Tyler StewartMBA Vice President of Research Jamie Woodwell joined the RealCrowd podcast to discuss the current lending environment for commercial real estate.https://www.realcrowd.com/blog/2020/10/podcast-current-lending-environment/
CRE’s Bid-Ask Spread Widens: Moody’s
Commercial Property Executive, Oct. 26, 2020–Scott BalticA rise in cap rates will cause commercial real estate values to drop from 7 to 9 percent in the multifamily and industrial sectors …
Blackstone to Buy Simply Self Storage for About $1.2 Billion
Wall Street Journal, Oct. 25, 2020–Miriam Gottfried (subscription)Blackstone Group Inc. has struck a deal to buy Simply Self Storage from Brookfield Asset Management Inc., making a bet on a sector …
Landlords Challenge U.S. Eviction Ban and Continue to Oust Renters
Bloomberg, Oct. 22, 2020–Kriston CappsA lawsuit backed by the National Apartment Association and other challenges aim to undo the national eviction moratorium ordered by the CDC.https://www.bloomberg.com/news/articles/2020-10-22/landlords-launch-legal-attack-on-cdc-eviction-ban?srnd=premium
California’s Proposition 15 Would Undo Limits on Commercial Property Taxes
Wall Street Journal, Oct. 27, 2020–Peter Grant and Christine Mai-Duc (subscription)More than 40 years after imposing severe restrictions on property-tax increases, California voters might begin rolling them back next week, …
Lenders Cracking Down on Mall Owners Behind on the Mortgage
Wall Street Journal, Oct. 27, 2020–Esther Fung (subscription)More lenders are starting to deliver a stern new message to delinquent mall owners: time to pay up.https://www.wsj.com/articles/lenders-cracking-down-on-mall-owners-behind-on-the-mortgage-11603800000?
Struggling Rental Market Could Usher in Next American Housing Crisis
Wall Street Journal, Oct. 27, 2020–Will Parker (subscription)A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into …