Wall Street Journal, May 7, 2020–Suzanne Kapner, Soma Biswas (subscription) A Texas oil boom turned a single Neiman Marcus department store in downtown Dallas into one of America’s biggest luxury …
Category: Top National News
Demand for Commercial Real Estate is Changing
Bloomberg, May 7, 2020–Denise Pellegrini Cushman & Wakefield CEO Brett White says the work from home revolution is on, but companies in most industries will still want to have employees …
Q1 Commercial/Multifamily Borrowing Declines Two Percent
National Mortgage Professional, May 7, 2020 Commercial and multifamily mortgage loan originations decreased 2.0% in the first quarter compared to the same period last year, according to the Mortgage Bankers …
WeWork’s Woes Cause Mortgage-Backed Bonds to Tumble
Financial Times, May 10, 2020–Joe Rennison, Eric Platt WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling into the commercial mortgage market, sending the price …
Global Hotels Will Lose Just 2 Percent of Supply Permanently Because of Coronavirus: Report
Skift May 6, 2020–Cameron SperanceA hotel’s recovery path from the coronavirus downturn in travel will hedge partially on which country the property is located.https://finance.yahoo.com/news/global-hotels-lose-just-2-200031535.html
The Office Is Dead
Marker, May 11, 2020–Courtney RubinFrom startups and tech giants to more old-school Wall Street firms, businesses are rethinking the role of office space and whether they even need it.https://marker.medium.com/the-office-is-dead-16be89f25d01
A Look at What the COVID-19 Crisis Has Been Like for One Retail Landlord
National Real Estate Investor, May 11, 2020–Elaine MisonzhnikNewMark Merrill Cos. CEO Sanford Sigal discusses rent relief requests, reopening plans and the outlook for experiential retail.https://www.nreionline.com/retail/look-what-covid-19-crisis-has-been-one-retail-landlord?
Signals of a Rebound in Buyer and Renter Demand
Washington Post, May 6, 2020–Michele LernerData from Google search traffic and from home sales and rental websites indicate that after searches related to apartments and requests to view homes dropped …
Real Estate Industry Could be Permanently Changed, Even After Pandemic Passes
Washington Post, May 4, 2020–Ilyce Glink, Samuel Tamkin There’s a long list of the ways the novel coronavirus has impacted the real estate market. (MBA mention) https://www.washingtonpost.com/business/2020/05/04/new-normal-is-coming-wake-coronavirus-pandemic/
How Will COVID-19 Affect Affordable Housing?
Mortgage Professional America, Apr. 30, 2020–Kasi Johnston The need for affordable housing isn’t going away, according to Marsha Goff of Merchants Capital, but she believes new affordable housing projects may …