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
Category: Top National News
U.S. Industrial Production Rises for Third Straight Month
Wall Street Journal, Aug. 14, 2020–David Harrison (subscription)Industrial production—a measure of output at factories, mines and utilities—rose a seasonally adjusted 3% in July from June, the Federal Reserve said Friday, …
Nearly 1,000 New Hotels Are Still Opening During the Pandemic. Why?
Bloomberg, Aug. 17, 2020–Sara ClemenceThe new White Water hotel on California’s central coast has a lot going for it: a location on a moonstone-studded beach, generously sized rooms, and Scandinavian-inspired …
How Offshore Delivery Centers are Helping Mortgage Lenders Improve Operations
MortgageOrb, Aug. 13, 2020–Alok BansalIn 2019, the global outsourcing market amounted to $92.5 billion, a drastic jump in the last decade. One of the major reasons for this: businesses across …
How Hotel Companies Are Surviving the Coronavirus
Wall Street Journal, Aug. 13, 2020–Stephen WilmotThe plush global hotel brands favored by international business executives have been hit hardest by Covid-19 and will likely take longest to recover. Midmarket …
CMBS Forbearances Await Servicing in the Weeks Ahead
National Mortgage News, Aug. 13, 2020–Brad Finkelstein (subscription)As forbearances and government other relief efforts come to an end over the next few weeks and months, many a commercial mortgage borrower …
Protections Lapse For The Nation’s Most Vulnerable Renters, Imperiling Their Small Landlords As Well
Forbes, Aug. 12, 2020–Sam ChandanThe resilience of the professionally managed segment of the apartment market, where rent payment rates remain close to pre-pandemic levels, threatens to obscure the importance of …
Amazon Bets on Office-Based Work With Expansion in Major Cities
Wall Street Journal, Aug. 18, 2020–Sebastian HerreraThe e-commerce giant says it is adding 3,500 employees in six major cities, including 2,000 jobs in New York City. (subscription)https://www.wsj.com/articles/amazon-bets-on-office-based-work-with-expansion-in-major-cities-11597741203?
20 Minutes With: Boutique Hotel Trailblazer Ian Schrager
Barron’s Aug. 17, 2020–Lucy CohenBarron’s Penta magazine interviewed New York hotel entrepreneur Ian Schrager about the hospitality industry during a pandemic.https://www.barrons.com/articles/20-minutes-with-boutique-hotel-trailblazer-ian-schrager-01597673638?
Adapting to a Changing Commercial Real Estate Landscape Webinar Aug. 17
LIBOR, CECL, COVID and other issues are all top of mind. Join MBA Education and industry experts as they discuss ways to ensure your internal processes (and clients) are best …