Bloomberg, Feb. 19, 2021–Rich MillerThe Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.https://www.bloomberg.com/news/articles/2021-02-19/fed-sounds-alarm-on-commercial-real-estate-business-bankruptcy
Group Newslink: MBA Commercial/Multifamily NewsLink Feb. 25
Canada Retains Lead for Cross-Border U.S. CRE Investment
Canadian investors once again sank more money into the U.S. commercial property market than any other country last year, reported Real Capital Analytics, New York.
California Bill Would Lean on Cities to Build Multifamily Housing
San Francisco Chronicle, Feb. 18, 2021–Alexei KoseffCalifornia State Sen. Scott Wiener will seek to loosen restrictions on how much Californians can build on lots zoned for multifamily housing, hoping to …
Marriott Posts First Annual Loss Since 2009
Wall Street Journal, Feb. 18, 2021–Dave Sebastian (subscription)Marriott International Inc. ended 2020 with a loss of $267 million—its first annual loss since 2009, and second largest on record—as the company …
MBA’s Marcia Davies on the Power of Supporting Women
HousingWire, Feb. 18, 2021–Victoria WickhamMarcia Davies, chief operating officer at the Mortgage Bankers Association and HousingWire Women of Influence winner, talks about the power of leadership and what women can …
Hotels Lenders, Investors Express Growing Optimism
After a difficult 2020 for the hotel sector, some hospitality lenders and investors are expressing optimism about 2021.
Retail Sales Surge 5.3% in January
Axios, Feb. 17, 2021–Courtenay BrownRetail sales jumped 5.3% last month — blowing past the 1.2% increase anticipated by economists, the Commerce Department said on Wednesday.https://www.axios.com/january-retail-sales-39168f85-9100-4f53-b202-a10b4c62379b.html
California Cities Rethink the Single-Family Neighborhood
KQED Radio, Feb. 17, 2021–Erin BaldassariMore than a century ago, Berkeley, Calif., pioneered rules prohibiting affordable, multifamily housing from certain areas. Now it’s one of a handful of cities in …
Banks Trimming Branches, Creating Empty Retail Storefronts
Bank mergers and increasing online banking have led to numerous bank branch closings in recent years, which could have a “profound” effect on commercial real estate, said DBRS Morningstar, Toronto.