Miami Herald, Sept. 29, 2020–Rebecca San JuanIn most professions, men still earn significantly more than women. But not so in the local commercial real estate scene.https://www.miamiherald.com/news/business/real-estate-news/article245948075.html
Category: Top National News
Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat
Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues. He cited the …
Controversial Prop. 15 Could Change the Way Californian Businesses Are Taxed
Mortgage Professional America, Sept. 28, 2020–Kasi JohnstonCalifornia’s Proposition 15 is a “split roll” initiative that would have major implications to the way commercial properties are taxed. Since 1978, the value …
Black, Female and Head of a Public Real-Estate Company. Meet the Only Person to Fit That Description.
Wall Street Journal, Sept. 29, 2020–Esther Fung (subscription)Leslie D. Hale made history as the first African-American woman to lead a public real-estate investment trust. Today, a little more than two …
CRE Lenders Shift Focus to Risk Management
Connect Commercial Real Estate, Sept. 25, 2020Commercial property sales transaction activity has dropped off in 2020, to the tune of a 46% year-over-year reduction in dollar volume and 37% fewer …
Manhattan Offices Are Nearly Empty, Threatening New York City’s Recovery
Wall Street Journal, Sept. 29. 2020—Peter Grant, Emma Tucker (subscription)Manhattan office employees are returning to work at a much slower pace than those in most other major U.S. cities, raising …
Truist Sells Legacy SunTrust CRE Loan-Servicing Platform
National Mortgage News, Sept. 23, 2020–Glen Fest (subscription)Truist Financial sold one of its commercial real estate loan servicing and asset-management divisions, shedding a legacy SunTrust Banks platofrm that managed $34 …
CRE Concerns Intensify as Stimulus Programs Expire
American Banker, Sept. 23, 2020–Jim Dobbs (subscription)Commercial real estate loans are vulnerable as financial assistance for tenants winds down and might not be fully renewed. Late rent payments could rise, …
Pandemic Accelerates Changes to Work Culture
The Hill, Sept. 24, 2020–Niv Elis“What is bad news for the retail sector is good news for the industrial sector, and you might even see real estate being repurposed from …
Tips for Landlords Going Without Rental Income
Orange County Register, Sept. 24, 2020–Jeff LazersonThere are 8 million independent U.S. landlords, according to the Urban Institute. How many of them are already at risk of loan default or …