Office markets in cities with a greater percentage of remote-friendly jobs are recovering more slowly than in cities with fewer such jobs, reported VTS, New York.
Category: News and Trends
CDC Extends National Eviction Moratorium For Final Time to July 31
The Centers for Disease Control and Prevention last Thursday extended its nationwide residential eviction moratorium by another month, to July 31.
White House Names Sandra L. Thompson Acting FHFA Director
The White House last week appointed Sandra L. Thompson as Acting Director of the Federal Housing Finance Agency.
Life Sciences Activity Captivates Investors
Investor interest in life sciences real estate has jumped during the pandemic, analysts said.
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“Well-intentioned but misguided legislation like the Carried Interest Fairness Act and the President’s budget proposal to tax carried interests as ordinary income, would result in an enormous tax increase on countless Americans who use partnerships to develop, own and operate real estate. These sweeping changes, if enacted, would discourage individuals from pursuing their entrepreneurial vision, tax the sweat equity that makes real estate more productive and useful and slow economic growth. The results would be particularly harmful to industries that seek to build a business or asset with lasting value over an extended time horizon.”
–From an MBA/trade group letter to Capitol Hill opposing legislation and an Administration budget proposal that would broadly change tax laws on “carried interest.”
Personnel News From Greystone, CBRE
Greystone, New York, announced Sampada D’silva joined the firm as a Deputy Chief Credit Officer.
Wells Fargo Economics: CRE Prospects Brighten
Wells Fargo Economics, Charlotte, N.C., said surging economic activity could signal a turnaround in commercial real estate fundamentals.
Mixed Results for CRE Bank Loan Performance
Trepp, New York, reported “mixed results” for bank commercial real estate loan performance in the first quarter.
Dealmaker: Newmark Arranges $500M Acquisition, Construction Loan for 111 Wall Street
Newmark, New York, closed a $500 million acquisition and construction loan for 111 Wall Street in Manhattan’s Financial District.
Personnel News From Greystone, CBRE
Greystone, New York, announced Sampada D’silva joined the firm as a Deputy Chief Credit Officer.