Wall Street Journal, June 9, 2020–Suzanne Kapner (subscription)Shoppers are returning to reopened stores faster than expected, according to retail executives.https://www.wsj.com/articles/shoppers-surprise-retailers-by-returning-to-stores-11591733058?
Group Newslink: MBA Commercial/Multifamily NewsLink June 11
Dealmaker: Gantry Arranges $75M in Financing
Gantry Inc., San Francisco, arranged $74.8 million in five transactions in Washington, Arizona and California.
April Commercial Property Prices Grow, Volume Drops
Real Capital Analytics, New York, said commercial real estate prices have not yet been decimated by the COVID-19 pandemic–but volume certainly has felt its effects.
Commercial/Multifamily Briefs June 11, 2020
Eastern Union, New York, hired 75 new brokers for its new quarter-point fee for refinancing multifamily properties backed by Fannie Mae or Freddie Mac.
Recession in U.S. Began in February, Official Arbiter Says
Wall Street Journal, June 8, 2020–Kate Davidson (subscription)Monthly economic activity “reached a clear peak” in February, marking the end of the 128-month expansion that began in June 2009, said the …
CMBS Delinquency Rate Sees Largest Monthly Jump Since 2009
Analysts expected a jump in the commercial mortgage-backed securities loan delinquency rate during May, but few expected how big that jump would be.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association. http://www.mortgagebankers.org/Advocacy/MortgageActionAlliance
MBA Virtual CREF Market Intelligence Symposium July 8-9
MBA’s new CREF Market Intelligence Symposium cuts through the talking-head clutter to provide hard facts about the state of commercial real estate markets – and what we do and don’t …
MBA Chart of the Week: Measures of Apartment Stress in March and May
There has been an important disconnect between the labor market and apartment markets over the last two months.
Tenants’ Troubles Put Stress on Commercial Real Estate
New York Times, June 5, 2020–Conor Dougherty,Peter EavisAs landlords face rent shortfalls and renegotiation because of the pandemic, lenders are also exposed. Hotels and retail spaces have been hit hardest.https://www.nytimes.com/2020/06/05/business/economy/coronavirus-commercial-real-estate.html