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 …
Category: Top National News
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 …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie Woodwell MBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types. https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
CRE Deals Collapsing Due to COVID-19
Mortgage Professional America, Apr. 23, 2020–Kasi Johnston A new report by Real Capital Analytics says signs of the COVID-19 crisis are starting to appear in the U.S. market for commercial …
Apartment Searches Have Rebounded
HousingWire, Apr. 27, 2020–Julia Falcon In a new report from RentCafe, searches for apartments have now returned to their pre-pandemic numbers. https://www.housingwire.com/articles/apartment-searches-have-rebounded/
Cash Pours Into Distressed Real-Estate Funds as Investors Aim to ‘Play Offense’
Wall Street Journal, Apr. 21, 2020–Peter Grant (subscription)Investors are pouring billions of dollars into new real-estate funds created to buy distressed debt backed by hotels, malls, office buildings and other …
As CMBS Relief Inquiries Jump, How Much Forbearance Is Enough?
Commercial Property Executive, April 21, 2020–Scott Baltic, Paul Fiorilla Inquiries from CMBS borrowers about coronavirus-related relief have topped $100 billion, raising doubts about the current 90-day forbearance period. https://www.cpexecutive.com/post/as-cmbs-relief-inquiries-jump-how-much-forbearance-is-enough/
How Commercial Real Estate Brokers And Office Users Will Adapt To The New Future
Forbes, April 21, 2020–Shafin Jadavji For commercial real estate brokers, this crisis is a call to think forward. The actions that we as an industry take now will add to …
Neiman Marcus’ Missed April Interest Payment Could Accelerate a Forced Bankruptcy Filing
Dallas News, April 20, 2020–Maria Halkias Neiman Marcus bondholder Marble Ridge Capital LP said the Dallas-based retailer failed to make a $5.7 million interest payment that was due Wednesday, possibly …
The Coronavirus Pandemic Will Likely Leave a Lasting Legacy on Retail: Fewer Department Stores
CNBC, April 19, 2020–Lauren Thomas Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. “This is a liquidity crisis of enormous …