Barron’s, Aug. 4, 2020–Andrew BaryVornado Realty Trust CEO Steve Roth offered an upbeat assessment of New York City and its commercial real estate market on the company’s earnings conference call …
Group Newslink: MBA Commercial/Multifamily NewsLink Aug. 6
Don’t Forget About U.S.: Hungry Foreign Capital in the COVID-19 Era
Commercial Observer, Aug. 3, 2020–Mack BurkeForeign capital providers have a renewed appetite for U.S. real estate, but COVID-19’s offering of limited good opportunities is changing the way they compete. (subscription)https://commercialobserver.com/2020/08/dont-forget-about-u-s-hungry-foreign-capital-in-the-covid-19-era/
Multifamily Market Musings by Sharon Walker
The multifamily lending markets are ripe with interesting developments this year, whether it be MBA’s latest research on 2019 multifamily lending, the downward shift in apartment rental rates or ongoing responses to the need to address societal inequality.
Don’t Forget About U.S.: Hungry Foreign Capital in the COVID-19 Era
Commercial Observer, Aug. 3, 2020–Mack BurkeForeign capital providers have a renewed appetite for U.S. real estate, but COVID-19’s offering of limited good opportunities is changing the way they compete. (subscription)https://commercialobserver.com/2020/08/dont-forget-about-u-s-hungry-foreign-capital-in-the-covid-19-era/
Nashville Will Give $10 Million in Rent and Mortgage Payments to Residents in Need
Nashville Tennessean, Aug. 3, 2020–Sandy MazzaA Metro Nashville committee charged with distributing $121 million in federal funds made rent and mortgage assistance one of its first orders of business.https://www.tennessean.com/story/money/2020/08/03/nashville-give-10-million-rent-mortgage-help-residents-need-covid-19-strains-budgets/5574868002/
Multifamily Lending Hit $364.4bn in Total Originations in 2019
Mortgage Professional America, Aug. 3, 2020–Candyd MendozaMortgage originations of multifamily properties hit a record high in 2019, driven by a combination of strong fundamentals, rising property values, and low interest …
Remote Work Is Here to Stay. Bosses Better Adjust
Wall Street Journal, Aug. 2, 2020–Robert SuttonEven when the pandemic ends, many employees will continue to work from home. Here’s how managers can make sure those workers stay productive–without burning …
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
The 2020 Census: Easy, Safe and Important
Counting everyone who lives in the United States, the 2020 Census is happening now with 92.2 million households or more than 62 percent of the country having already responded. But the 2020 Census is not finished. The Census Bureau is done when the country achieves a complete and accurate count.
Retail Rents Plummet Across New York City as America’s Glitzy Shopping Districts Turn Into Ghost Towns
CNBC, Aug 3, 2020–Lauren ThomasAmerica’s most expensive shopping districts are losing tenants and rents are in a free fall. Average asking rents along 16 major retail corridors in Manhattan declined …