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 …
Category: Top National News
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 …
The Election Matters for Property Performance, But Not Because of the Winner
Connect Commercial Real Estate, Oct. 23, 2020It’s arguably the most closely-watched national election in at least a generation, and arguably the most consequential. And the outcome will have significant implications …
Cutting Commercial Real Estate Carbon Emissions: A Q&A with Carbon Lighthouse
Environmental Leader, Oct. 26, 2020–Emily HolbrookCommercial real estate carbon emissions account for a large portion of the nation’s emissions. We caught up with Matt Ganser of Carbon Lighthouse to learn …
Falling Commercial Real Estate Prices Threaten Bank Losses
PYMNTS.com, Oct. 26, 2020Plummeting commercial real estate prices could cause steep bank losses as people continue to work from home and shop online amid the global pandemic, according to a …
Pandemic Accelerates, Rather Than Starts, CRE Trends
Commercial Property Executive, Oct. 20, 2020–Paul FiorillaCOVID-19 is changing the way Americans live and work, but industry experts say that in many ways the effect has been to accelerate existing …