Wall Street Journal, Apr. 8, 2020–Nick TImiraos (subscription)Federal Reserve officials reacted with growing alarm to market disruptions prompted by the spreading coronavirus pandemic in March, prompting them to cut interest …
Category: Top National News
Property Bets Lose Curb Appeal in the Age of Coronavirus
Wall Street Journal, April 3, 2020–Stephen Wilmot (subscription)Landlords face protracted negotiations with tenants over rent payments while the doors to shops, restaurants, hotels and gyms remain shut.https://www.wsj.com/articles/property-bets-lose-curb-appeal-in-the-age-of-coronavirus-11585906227
Mall Owners Worried over Mortgage Payments as Retailers Skip Rent
CNBC, Apr. 6, 2020–Lauren ThomasRetailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners increasingly worried about meeting their own obligations.https://www.cnbc.com/2020/04/06/mall-owners-worried-over-mortgage-payments-as-retailers-skip-rent.html
As Forbearance Wave Hits, Real Estate Industry Begs Fed to Take Action
The Real Deal (N.Y.), Apr. 6, 2020 The commercial real estate industry is asking the federal government to buy bonds, assets, or lend money to mortgage banks as forbearance requests …
The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units
Urban Institute, Apr. 2, 2020–Laurie Goodman, Karan Kaul, Michael NealWe estimate that nearly 2.8 of the 22.3 million single-family units (12.4 percent of units) are financed with federally backed loans …
MBA Announces 2019’s Top Commercial/Multifamily Mortgage Originators
National Mortgage Professional, Apr. 2, 2020 According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, JLL, Wells Fargo and Eastdil Secured led …
Preventing the Pending Collapse of the Real Estate Market
Commercial Observer, April 2, 2020–Greg Kraut The commercial mortgage-backed securities market has essentially collapsed and the broader $20 trillion commercial real estate market is on the verge of collapse as …
The COVID-19 Economic Shutdown is Already Hitting Multifamily Rents
National Real Estate Investor, April 2, 2020–Bendix Anderson The average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost …
Hotels See Gap in Rescue, Seek Fed Commercial Mortgage Bond Aid
Roll Call, Mar. 30, 2020–Jim SaksaEven as the president signs the largest economic assistance package in U.S. history into law, industry groups are saying more needs to be done. Before …
Macy’s to Furlough Most Workers as Stores Stay Shut During Pandemic
Wall Street Journal, Mar. 30, 2020–Suzanne Kapner (subscription)The department store operator, which employs roughly 130,000 people, told staff on Monday that it would continue to pay health benefits and cover …