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 …
Category: Top National News
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 …
What Will The Pandemic’s Impact Be On The Real Estate Market?
Forbes, Sept. 1, 2020–Kenneth RapozaMany real estate investors — particularly those in commercial REITS — are grappling with questions around which changes are cyclical, which changes are structural, and what …
Blackstone Gets Back Into The Single-Family Rental Game
HousingWire, Sept. 1, 2020–James KleimannBlackstone Group, which blazed a trail for Wall Street in 2012 when it formed Invitation Homes and became the largest owner of single-family rental homes in …
Commercial Mortgage Debt in Distress Surges 320%, Moody’s Says
Bloomberg, Aug. 25, 2020–John GittelsohnMore than $54 billion in CMBS loans have transferred to loan workout specialists, mostly due to payment delinquencies, up 320% increase since the pandemic started, Moody’s …
Late Rent and Mortgage Payments Rise
New York Times, Aug. 27, 2020–Michael KolomatskyNearly six months into the pandemic, the share of American homeowners and renters who have missed or been late with their monthly housing payments …
With Second Stimulus Checks on Hold, Americans Spend Less at the Grocery Store
Wall Street Journal, Aug. 27, 2020–Annie Gasparro, Jawon Kang (subscription)Grocery shoppers are cutting back on spending, data show, a sign that Americans are hurting for cash as the federal unemployment …
J.C. Penney Sale Talks Stall, Pushing Retailer to Brink
Reuters, Aug. 31, 2020–Mike SpectorJ.C. Penney Co. Inc.’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless …
Retail Eviction Proceedings Pick Up as Economy Restarts
Wall Street Journal, Aug. 31, 2020–Esther Fung (subscription)Some tenants, particularly those from apparel, fitness and theater sectors, continue to struggle with rent payments even as coronavirus shutdowns lift. https://www.wsj.com/articles/retail-eviction-proceedings-pick-up-as-economy-restarts-11598952601?