DS News, Mar. 19, 2020–Seth WelbornAs the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REITs. …
Category: Top National News
Real Estate Billionaire’s Bleak Mortgage Warning Looks Timely
Bloomberg News, March 24, 2020–Marcus Ashworth The U.S. commercial real estate sector could be the next shoe to drop for the Federal Reserve; it may need some emergency triage. https://www.washingtonpost.com/business/real-estate-billionaires-bleak-mortgage-warning-looks-timely/2020/03/24/ef7d8648-6de7-11ea-a156-0048b62cdb51_story.html
SL Green’s $815 Million Deal to Sell New York City Office Tower Falls Apart
Wall Street Journal, March 24, 2020–Konrad Putzier (subscription)Real estate giant SL Green Realty Corp.’s agreement to sell the former New York Daily News headquarters for $815 million has collapsed after …
Preserving Affordable Housing
Washington Post, March 19, 2020–Haisten Willis While efforts to create new affordable housing generate debate and policy proposals nationwide, a less discussed issue is how to preserve and improve the …
Hit by Coronavirus Slowdown, Hotels Try Catering to the Quarantined
Wall Street Journal, March 19, 2020–Newley Purnell and Frances Yoon (subscription) With the coronavirus pandemic pummeling global travel, some hotels are employing a new tactic to boost bookings: targeting guests …
Coronavirus Recession Looms, Its Course ‘Unrecognizable’
New York Times, Mar. 21, 2020–Nelson D. SchwartzThe American economy is facing a plunge into uncharted waters. Economists say there is little doubt that the nation is headed into a …
Barrack Sees Commercial Mortgage Collapse If Liquidity Crisis Isn’t Addressed
Bloomberg, Mar. 23, 2020 (Video)Real estate billionaire and Colony Capital CEO Tom Barrack said there is a “liquidity crisis” in the U.S. commercial mortgage market and said banks and government …
Marriott, Hotel Owners Furlough Thousands of Workers, Cut Staff
Wall Street Journal, Mar. 22, 2020–Craig Karmin, Esther Fung (subscription)Marriott International Inc., the world’s largest hotel company, and a growing number of hotel owners are furloughing tens of thousands of …
Hotel Industry Seeks $150B Bailout as Marriott Begins Furloughs
The Real Deal, Mar. 18, 2020The hotel industry is coming to White House hat in hand as the coronavirus pandemic has chilled global travel. The American hospitality industry asked the …
Commercial Real Estate Finding It’s Not Immune to the Coronavirus
Commercial Property Executive, Mar. 18, 2020–Paul FiorillaMonday’s giant sell-off in the stock market, combined with announcements of increasingly draconian closures of businesses, is moving the market toward a steep cutback …