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 …
Category: Top National News
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 …
Oversight Council Warns of Systemic Threat from Fannie, Freddie
National Mortgage News, Sept. 25, 2020–Hannah Lang (subscription)The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short …
Debt Funds Like Blackstone’s Begin to Play a Bigger Role in CRE Lending as CMBS Steps Back
National Real Estate Investor, Sept. 25, 2020–John EganIn the commercial real estate lending arena, many debt funds and smaller banks are stepping up during the coronavirus pandemic, while many CMBS …
Distressed U.S. Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Figures Show
PYMNTS.com, Sept. 28, 2020Many U.S. commercial properties have lost 25 percent or more of their value as the impact of the coronavirus has taken its toll on hotels, malls and …
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, …