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 …
Category: Top National News
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
Hospitality, Retail Real Estate Show ‘Atrocious’ Value Loss in Appraisals
Philly Voice, Oct. 1, 2020–Greg EnglesbeMore than six months into the coronavirus pandemic, damage in the commercial real estate market is not pretty, according to recent appraisals of commercial mortgage-backed …
Freddie Mac Preparing to Launch New Type of Multifamily Mortgage Bond
National Mortgage News, Oct. 1, 2020–Bonnie Sinnock (subscription)The government-sponsored enterprise’s first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie’s K-Deal program.https://www.nationalmortgagenews.com/news/freddie-mac-preparing-to-launch-new-type-of-multifamily-mortgage-bond
New York, San Francisco Rents Plunge in Work-at-Home Shift
Bloomberg, Oct. 1, 2020–Prashant GopalApartment rents are plunging in high-cost cities from New York to San Francisco. Now, places that were less popular before the pandemic are suddenly in high …
Americans Might Never Come Back to the Office, and Twitter is Leading the Charge
Washington Post, Oct. 1, 2020–Elizabeth DwoskinCorporate America has long been defined by physical offices. But in a few short weeks, the pandemic upended that as thousands of companies mandated their …