Washington Post, Oct. 12, 2020–Shannon McMahonWith business slowed down because of the coronavirus, many hotels are transforming into socially distanced voting centers for the 2020 election.https://www.washingtonpost.com/travel/2020/10/12/hotels-vote-election-covid/
Category: Top National News
Special Servicer Activity Provides a Window into Assessing the Distressed Cycle
National Real Estate Investor, Oct. 12, 2020–Beth Mattson-TeigExperts expect a “second storm” as forbearance periods expire and borrowers are forced to act.https://www.nreionline.com/distressed/special-servicer-activity-provides-window-assessing-distressed-cycle?
Renters Flock to Suburbia, Upending Decadelong Urbanization Trend
Wall Street Journal, Oct. 13, 2020–Peter Grant (subscription)Apartment rents are rising in suburban markets across the U.S. as city dwellers look for bigger spaces in smaller towns. New suburban tenants …
What Will Happen To Commercial Real Estate As More People Work From Home?
NPR, Oct. 9, 2020–Cardiff Garcia, Stacey Vanek SmithThe coronavirus pandemic forced many people to work from home. NPR looks into what remote work from home could mean for commercial real …
CRE Delinquency Rates on the Decline
Connect CRE, Oct. 5, 2020Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, according to the Mortgage Bankers Association’s (MBA) latest monthly MBA CREF Loan Performance …
Commercial and Multifamily Mortgage Performance Stabilizes
Mortgage Professional America, Oct. 5, 2020–Candyd MendozaCommercial and multifamily mortgage performance has started to slowly recover from the strain caused by the coronavirus pandemic, according to the Mortgage Bankers Association.https://www.mpamag.com/news/commercial-and-multifamily-mortgage-performance-stabilizes-235226.aspx
Mezzanine Numbers Jump, But …
Pensions & Investments magazine, Oct. 5, 2020–Arleen JacobiusWhen it comes to originating real estate debt in the COVID-19 crisis, it’s not like the last crisis, real estate managers say. Unlike …
U.S. Commercial Bankruptcies Up 33% Year to Date
Reuters, Oct. 5, 2020–Dan BurnsU.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession …
Las Vegas Tops U.S. in Rise of Apartment Tenants Not Paying Rent
Bloomberg, Oct. 5, 2020–Prashant GopalWith Covid 19 tanking tourism, Las Vegas saw the biggest jump in apartment tenants who have stopped paying rent. In September, 10.6% of Vegas tenants missed …
Regal Cinemas Likely Suspending Operations at All U.S. Locations
Wall Street Journal, Oct. 4, 2020–R.T. Watson (subscription)Second-largest U.S. cinema chain weighs closing doors again as high-profile movies vacate calendar.https://www.wsj.com/articles/regal-cinemas-likely-suspending-operations-at-all-u-s-locations-11601793090?mod=hp_lead_pos4