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/
Category: Top National News
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 …
Banks’ Revamped Outlook on Multifamily Lending
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) …
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 …