Forbes magazine, Sept. 9, 2020–John HigginsIf you own property that’s central to your business, or if owning and leasing commercial property is your business, then making those monthly mortgage payments …
Category: Top National News
The Hotel Industry is Close to the Cliff’s Edge
San Antonio Express-News, Sept. 9, 2020–Michael Taylor (subscription)The hotel business has never been worse than it is right now.https://www.expressnews.com/business/business_columnists/michael_taylor/article/The-hotel-industry-is-close-to-the-cliff-s-edge-15551534.php
SL Green’s $3 Billion One Vanderbilt in New York City Faces Big Challenges
Wall Street Journal, Sept. 8, 2020–Peter Grant (subscription) After two decades of assembling a site and four years of construction, SL Green Realty is preparing to cut the ribbon next …
Stock Investors Stay Bearish on Apartments
Wall Street Journal, Sept. 8, 2020–Will Parker (subscription) Apartment owners who have been regularly reporting rent collections from more than 90% of their tenants seem to be weathering the pandemic …
Nine Top Real Estate and Proptech Investors: Cities and Offices Still Have a Future
TechCrunch, Sept. 3, 2020–Eric Eldon, Kirsten KorosecDespite the COVID-19 pandemic, many U.S. workers will eventually return to their offices. But when they do, their big-city workplace will not only have …
CDC’s New Eviction Moratorium Met with Worry from U.S. Housing Providers
Mortgage Professional America, Sept. 4, 2020–Clayton JarvisMortgage Bankers Association CEO Bob Broeksmit described the destabilizing cascade effect a lack of rent payments could have on the country’s housing providers, “millions” …
Black and Hispanic Landlords Are Facing Great Financial Struggles because of the COVID-19 Pandemic. They Also Support Their Tenants at Higher Rates
Urban Institute, Sept. 4, 2020–Laurie Goodman, Jung Hyun ChoiThe authors found found Black and Hispanic landlords are struggling to pay their mortgages more than white landlords and are more apt …
Eviction Wave Still at Sea: Will It Make Land?
Multi-Housing News, Sept. 4, 2020–Paul FiorillaPaul Fiorilla of Yardi Matrix sheds light on how the multifamily industry continues to brace for an increase in missed rent payments.https://www.multihousingnews.com/post/eviction-wave-still-at-sea-will-it-make-land/
‘Extraordinary’ Move by CDC to Stop Evictions Draws Heavy Criticism from Housing Industry and Tenant Advocates
CNBC, Sept. 2, 2020–Diana Olick“If tenants are unable to pay their rent, then millions of our nation’s housing providers – many of whom are individual landlords and small business owners …
COVID Impacting U.S. Commercial, Multifamily Mortgage Delinquencies in Varied Ways
World Property Journal, Sept. 2, 2020–Michael GerrityAccording to 2 new reports released by the Mortgage Bankers Association, delinquency rates of mortgages backed by commercial and multifamily properties reveal the various …