PC Mag, Aug. 10, 2020–Stephanie MlotAmazon is in talks to turn closed J.C. Penney and Sears shops into distribution hubs.https://www.pcmag.com/news/report-amazon-wants-turn-closed-department-stores-into-fulfillment-centers
Category: Top National News
The Growing Trend of ESG Investing in Commercial Real Estate
PropModo, Aug. 10, 2020–Samantha BrownCorporations, especially those in industries that produce hefty carbon emissions, are now being measured and judged by stakeholders for their willingness to create and participate in …
Transaction Volume Declined, But Creative Solutions Have Allowed Deals to Close During Pandemic
New England Real Estate Journal–Michael Chase, NorthMarqThe last 20 weeks have certainly presented unprecedented challenges, but also incredible responses in the face of many obstacles. Regulators for the banks, life …
Companies Start to Think Remote Work Isn’t So Great After All
The Wall Street Journal, July 24, 2020–Chip Cutter Four months ago, employees at many U.S. companies went home and did something incredible: They got their work done, seemingly without missing …
40% of Bank Execs Plan to Reduce Real Estate Footprint: Survey
The Real Deal, July 21, 2020–Kevin SunWhile banks have begun the slow, careful process of returning employees to the office, most executives aren’t expecting everyone to come back.https://therealdeal.com/2020/07/21/40-of-bank-execs-plan-to-reduce-real-estate-footprint-survey/
How to Value CRE Rents After the Pandemic
GlobeSt.com, July 20, 2020–Kelsi Maree BorlandSo far, there hasn’t been a significant change in commercial rents, but tenants believe that a change is coming.https://www.globest.com/2020/07/20/how-to-value-cre-rents-after-the-pandemic/?
CIT Group’s Chris Niederpruem on Taking the Helm of What He Helped Kickstart
Commercial Observer, July 21, 2020–Mack BurkeChris Niederpruem took over as CIT Group’s head of real estate finance a year ago this month. One of his first tests: Dealing with a …
Lenders Traverse the Coronavirus Tunnel
Commercial Observer, July 14, 2020–Tom Acitelli (MBA mention)Commercial real estate financing is more volatile now than at any time since the Great Recession due to the novel coronavirus pandemic. Still, …
Here’s What the Trouble in Commercial Real Estate Means for You
New York Magazine, July 8, 2020–Josh BarroSince cities physically consist of real estate, you would expect a pandemic that has severely disrupted life in cities to disrupt real-estate markets. And …
Lenders Face Looming LIBOR Transition Deadlines
National Real Estate Investor, July 6, 2020–Beth Mattson-Teig (MBA mention)As if lenders didn’t have enough to deal with these days with the deluge of borrower requests for forbearance and payment …