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 …
Category: Top National News
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 …
New York City Real Estate In Q1 2020: How The Pandemic Has Affected A Quarter That Started Strong
Forbes, March 31, 2020–Frederick PetersThe New York real estate market began 2020 with an unusually strong January with surging buyer interest in a wide number of properties spanning all price …
Homeland Security Says Real Estate is ‘Essential Business’
The Real Deal, March 31, 2020As the real estate industry remains split on whether the services it provides are “essential” during a pandemic, one federal agency has weighed in with …
Coronavirus Fallout May Test Commercial Real Estate Industry’s ‘Extend and Pretend’ Limits
Sacramento Business Journal, March 27, 2020–Emily Hamann, Ben van der Meer Commercial real estate experts agree it’s too early to tell how or when vulnerabilities will come to the fore …
