Dallas News, April 20, 2020–Maria Halkias Neiman Marcus bondholder Marble Ridge Capital LP said the Dallas-based retailer failed to make a $5.7 million interest payment that was due Wednesday, possibly …
Category: Top National News
The Coronavirus Pandemic Will Likely Leave a Lasting Legacy on Retail: Fewer Department Stores
CNBC, April 19, 2020–Lauren Thomas Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. “This is a liquidity crisis of enormous …
Single-Family Rental Sector Poised for Strong Rebound
National Real Estate Investor, April 20, 2020–Sebastian Obando Some investors raise concerns on rental revenue and occupancy rates, but the single-family rental sector should be well-positioned over the long term. …
What CRE Has On Its Wish List For The Next Coronavirus Stimulus Package
Bisnow Atlanta, Apr. 16, 2020–Jarred Schenke A wide swath of industry organizations want Congress, the Treasury Department and the Federal Reserve to jointly establish a new facility to provide liquidity …
Fight Over Commercial Rent Gets Ugly as Default Wave Looms
Bloomberg, April 17, 2020–Natalie Wong With stores shuttered, struggling retailers are skipping rent and asking for concessions, while landlords are demanding payment and having their own tricky conversations with lenders.https://www.msn.com/en-us/money/realestate/fight-over-commercial-rent-gets-ugly-as-default-wave-looms/ar-BB12MCfQ?ocid=spartandhp
The Coronavirus Pandemic Will Likely Leave a Lasting Legacy on Retail: Fewer Department Stores
CNBC, April 19, 2020–Lauren Thomas Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. “This is a liquidity crisis of enormous …
Multifamily Data Starting to Show Early Impacts of COVID-19
Mortgage Professional America, Apr. 9, 2020–Kasi JohnstonEarly impacts from the effects of the COVID-19 pandemic on the U.S. housing market are now apparent, as first quarter reports show early declines …
31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
New York Times, Apr. 8, 2020–Conor Dougherty As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. www.nytimes.com/2020/04/08/business/economy/coronavirus-rent.html?
New York City Apartment Leases Tumble While Renters Stay Put
Bloomberg, Apr. 9, 2020–Oshrat Carmiel New York apartment leases plunged last month as coronavirus stay-at-home orders kept the city’s renters from moving. www.bloomberg.com/news/articles/2020-04-09/new-york-city-apartment-leases-tumble-while-renters-stay-put?srnd=premium =
With Millions Unemployed, Hotel Industry Lobbies to Spend Stimulus on Other Needs
Washington Post, April 14, 2020–Jonathan O’Connell Hotels were among the earliest businesses to feel the economic sting from coronavirus shutdowns and the first to ask Congress for aid, as top …