Multi-Housing News, Apr. 30, 2020–Joe Gose The COVID-19 pandemic has upended projections for multifamily lending, but banks should continue to favor the asset class over the long term. (MBA mention) …
Category: Top National News
Commercial Real Estate Valuation in the COVID-19 Era
Hospitality.net, May 1, 2020–Remy Rein, Prashant Das The COVID-19 Crisis is being benchmarked with the Global Financial Crisis of 2007-08. In this article, we explore implications of the crisis on …
The Iconic Brands That Could Disappear Because of Coronavirus
Washington Post, April 29, 2020–Daniela Santamariña, Abha Bhattarai, Kevin Uhrmacher The retail industry, rife with bankruptcies and shuttered stores long before the coronavirus, is facing its biggest test yet.https://www.washingtonpost.com/business/2020/04/29/which-iconic-brands-could-disappear-because-coronavirus/?
Mirae Asset Scraps $5.8 Billion Deal to Buy U.S. Hotels from China’s Anbang
Reuters, May 4, 2020–Hyunjoo JinSouth Korea’s Mirae Asset Global Investments said on Monday that it has terminated a $5.8 billion deal to buy 15 U.S. hotels from China’s Anbang Insurance …
The Office As We Knew It Isn’t Coming Back Anytime Soon. Maybe It’s Changed Forever
NPR, April 24, 2020–Uri BerlinerCubicle culture has gone dark. Open floor plans stand empty. Offices around the world are shut during the pandemic, making work from home the new normal …
Retail Tenants, Landlords Clash Over Proposed Pandemic Rent Clauses
Wall Street Journal, Apr. 28, 2020–Esther Fung (subscription)Some retail tenants are aiming to rewrite their leases to include pandemic escape clauses and other additional forms of relief, setting up a …
J.C. Penney in Advanced Talks for Bankruptcy Financing
Wall Street Journal, Apr. 23, 2020–Cara Lombardo, Alexander Gladstone (subscription)J.C. Penney Co. Inc. is in advanced talks for bankruptcy funding with a group of lenders, a sign the troubled retailer …
As Hotels Sit Empty, Loan Delinquencies Pile Up
American Banker, Apr. 24, 2020–Jon Prior (subscription) More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie Woodwell MBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types. https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
CRE Deals Collapsing Due to COVID-19
Mortgage Professional America, Apr. 23, 2020–Kasi Johnston A new report by Real Capital Analytics says signs of the COVID-19 crisis are starting to appear in the U.S. market for commercial …