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 …
Category: Top National News
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 …
In the Short Term, CRE Will Take a Hit. But Real Estate Economists Advise Investors Not to Panic
Right now, expectations call for a fairly quick rebound, which means holding through may not be too painful.National Real Estate Investor, Mar, 17, 2020–Sebastian Obandohttps://www.nreionline.com/investment/short-term-cre-will-take-hit-real-estate-economists-advise-investors-not-panic?
CMBS at a Standstill as Panic Grips Financial Markets
The Real Deal, Mar. 16, 2020–Rich BockmannVolatility in real estate securities from fear over the spreading coronavirus is holding up new loans, refinancings.https://therealdeal.com/2020/03/16/cmbs-at-a-standstill-as-panic-grips-financial-markets/
Fed to Create Emergency Backstop for Commercial Debt Market
American Banker, Mar. 17, 2020–Hannah Lang (subscription)The Federal Reserve said it will use emergency authority to provide a liquidity backstop for commercial debt issuers as the coronavirus scare has raised …