CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
Category: Top National News
The Office Will Never Be the Same. That’s Probably a Good Thing
New York Times, Aug. 20, 2020–Claire Cain MillerThis is exactly the revolution that many workers — and those who study them — have been envisioning for years: giving people control …
New Thinking on Covid Lockdowns: They’re Overly Blunt and Costly
Wall Street Journal, Aug. 24, 2020–Greg Ip (subscription)Blanket business shutdowns—which the U.S. never tried before this pandemic—led to a deep recession. Economists and health experts say there may be a …
Retail Landlords Offer Pandemic Clauses in New Leases
Wall Street Journal, Aug. 25, 2020–Esther Fung (subscription) Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus …
Data Center Demand Holds Up Amid Pandemic
National Real Estate Investor, Aug. 24, 2020–Bendix AndersonWith ever-increasing amounts of day-to-day activity taking place online, even more so under the COVID-19 pandemic, demand from large and small companies is …
‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls
New York Times, Aug. 24, 2020–Kate KellyAs the pandemic accelerated the demise of some brick-and-mortar retailers, a group of investors profited handsomely from their travails.https://www.nytimes.com/2020/08/24/business/mall-short-hedge-funds.html
Fannie Mae Creates New C-Suite Role, Promotes Jeff Hayward
National Mortage News, Aug. 19, 2020–Paul Centopani (subscription)Fannie Mae’s new chief administrative officer position focuses on diversity, inclusion and affordable housing.https://www.nationalmortgagenews.com/news/fannie-mae-creates-new-c-suite-role-promotes-jeff-hayward
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …
Empire State Building Reflects New York’s Deepening Real Estate Woes
Wall Street Journal, Aug. 18, 2020–Konrad PutzierThe iconic New York City tower looks vulnerable to losing tenants as companies embrace remote work or cheaper offices outside city centers. (subscription)https://www.wsj.com/articles/empire-state-building-reflects-new-yorks-deepening-real-estate-woes-11597752001
Struggling Businesses Push Commercial Real Estate Into the Red
Fox13 (Tampa), Aug. 19, 2020–Briona ArradondoNearly one in four hotel owners have fallen behind on paying their debts since COVID-19 reached pandemic levels. Now, commercial real estate owners and managers …