Bloomberg, Dec. 18, 2020–Devin LeonardDeveloper Aby Rosen would really like this whole work-from-home thing to be temporary. And by the way you should see what he’s done with the Chrysler …
Group Newslink: MBA Commercial/Multifamily NewsLink Dec. 24 2020
Dealmaker: Dwight Capital Finances $131M for Multifamily
Dwight Capital, New York, financed $130.7 million for multifamily properties in three states.
Olive Garden, Other Chains Suffer New Losses During Latest Covid-19 Surge
Wall Street Journal, Dec. 18, 2020–Heather Haddon (subscription)Restaurant chains are showing signs of fresh stress this week as the latest coronavirus surge fuels new sales losses.https://www.wsj.com/articles/olive-garden-other-chains-suffer-new-losses-during-latest-covid-19-surge-11608312867?mod=hp_lista_pos4
The Next Coronavirus Front: Evictions and Foreclosures
HousingWire, Dec. 17, 2020–Jonathan T. ReckfordThe author says various forms of housing payment assistance have been included in COVID relief proposals, including some rental assistance in a recent bipartisan proposal, …
New York’s Plummeting Real Estate Sales Cost City $1.2 Billion
Bloomberg, Dec. 17, 2020–Oshrat CarmielThe pandemic’s slowdown in real estate deals has cost New York City $1.2 billion in lost revenue so far this year.https://finance.yahoo.com/news/york-plummeting-real-estate-sales-184606317.html
FHFA Issues Proposed Rulemaking for Enterprise Liquidity Requirements, Seeks Comments
The Federal Housing Finance Agency, Washington, D.C., announced it would like comments on a proposed rulemaking regarding Fannie Mae and Freddie Mac liquidity requirements.
Apartment Investment Bounces Back in Third Quarter
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the third quarter despite contractions in several major metros.
Wells Fargo Extends Work-from-Home Plans Until at Least March
Bloomberg, Dec. 17, 2020Wells Fargo will keep most employees working from home for at least a month longer than last announced.https://www.americanbanker.com/articles/wells-fargo-extends-work-from-home-plans-until-at-least-march
CRE Mortgage Delinquencies Are on the Rise
Connected Real Estate Magazine, Dec. 17, 2020–Joe DytonA number of commercial real estate sectors have had trouble paying their mortgage during the COVID-19 pandemic, but none more than the hotel …
Which CRE Sectors will Struggle and Which will Thrive in 2021?
Mortgage Professional America, Dec. 17, 2020–David KitaiJamie Woodwell, vice president for commercial real estate research at the Mortgage Bankers Association, broke down subsectors of the CRE space into how the …