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 …
Category: Top National News
Whoever Wins the Presidential Election, It Won’t Upend Commercial Real Estate Returns
Commercial Observer, Oct. 21, 2020–Tom AcitelliWhoever wins the presidential election next month, the outcome won’t affect the longterm returns on commercial real estate investment.
The CRE Sector Discovers the Benefits of SPACs
National Real Estate Investor, Oct. 20, 2020–Beth Mattson-TeigSpecial purpose acquisition companies (SPACs) have surged in popularity in recent years and that includes some targeting commercial real estate.https://www.nreionline.com/investment/cre-sector-discovers-benefits-spacs?
Shoppers Came Back To Department Stores In September, Lifting Retail Sales
NPR, Oct. 16, 2020–Alina SelyukhShoppers bought more clothes and cars and even returned to beleaguered department stores in September. This helped lift U.S. retail spending by a stronger-than-expected 1.9% compared …
Millions Still Missing Rent, Mortgage Payments
Credit Union Times, Oct. 16, 2020–Jim DuPlessisOn Friday, the Mortgage Bankers Association (MBA) released a report that found 8.5% of renters, or 2.8 million households, missed, delayed, or made a …
The Next Economic Crisis: Empty Retail Space
Politico, Oct. 18, 2020–Katy O’DonnellAs tenants stop paying and shrink their offices, commercial real estate is cratering. (MBA mention)https://www.politico.com/news/2020/10/18/next-economic-crisis-empty-retail-space-429994
Shoppers Came Back To Department Stores In September, Lifting Retail Sales
NPR, Oct. 16, 2020–Alina SelyukhShoppers bought more clothes and cars and even returned to beleaguered department stores in September. This helped lift U.S. retail spending by a stronger-than-expected 1.9% compared …
What It’s Like To Open A New Hotel In The Midst Of The Pandemic
NPR, Oct. 15, 2020–Alina SelyukhWhy would anyone open a new hotel in the middle of a pandemic? NPR talks with the owners of small hotel chains who did just that.https://www.npr.org/2020/10/15/924058531/what-its-like-to-open-a-new-hotel-in-the-midst-of-the-pandemic
The Two California Ballot Measures That Worry Commercial Lenders
National Mortgage News, Oct. 14, 2020–Bonnie Sinnock (subscription)One could change how commercial property is taxed, the other could change rent control policies. Both might affect financing.https://www.nationalmortgagenews.com/?
Abandoned City Offices Are Still a Safer Property Bet
Wall Street Journal, Oct. 14, 2020–Carol Ryan (subscription)For clues about how remote working may hit demand for offices, investors can look at the uneven impact of e-commerce on retail landlordshttps://www.wsj.com/articles/abandoned-city-offices-are-still-a-safer-property-bet-11602666730?