Forbes, July 27, 2020–Ryan SwehlaOne area of the economy that is seen as especially vulnerable in the wake of pandemic-related upheaval is commercial real estate. In fact, even before Covid-19 …
Group Newslink: MBA Commercial/Multifamily NewsLink July 30
Dealmaker: JBG Smith Closes on $385M Freddie Mac Loan
JBG Smith, Bethesda, Md., closed on $385 million in Freddie Mac 10-year financing secured by three Washington, D.C.-area multifamily assets.
MISMO Releases Proposed Commercial Appraisal Data Standards
MISMO®, the mortgage industry standards organization, released new proposed data standards for commercial property appraisals. The new dataset will facilitate efficient exchange of appraisal information across the commercial real estate finance industry.
MBA Chart of the Week: Ratio of Unemployed Workers Per Job Opening
This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009.
Trump Advisers Still Touting ‘V-Shaped’ Economic Recovery
Wall Street Journal, July 26, 2020–William Mauldin (subscription)President Trump’s top economic advisers say they still expect a rapid economic recovery despite surges in new coronavirus infections that have rattled consumers …
Wave of Evictions Could Be Coming for Nation’s Renters
The Hill, July 24, 2020–Niv Elis, J. Edward Moreno The federal moratorium on evictions signed into law in March as part of the CARES Act is set to expire Friday …
Dealmaker: JLL Arranges $51 Million for Data Center, Retail
JLL Capital Markets arranged $51.5 million in financing for a Massachusetts data center and retail centers in Philadelphia and the San Francisco Bay Area.
Owner of Ann Taylor and Lane Bryant Files for Bankruptcy
New York Times, July 23, 2020–Gillian Friedman Sapna MaheshwariAscena Retail is the latest retailer to fall during the pandemic. The disappearance of 1,600 of its 2,800 stores is a fresh …
S&P: Retail REITs Could Face Distress Until At Least 2021
S&P Global Ratings, New York, said retail real estate investment trusts, already buffeted by the coronavirus pandemic and dwindling brick-and-mortar revenues, could see an increase in downgrades in coming quarters with little chance of recovery before next year.