Nearly half of the nation’s 48.2 million rental housing units are in properties with less than five units, HUD and the U.S. Census Bureau reported. For these small rental properties, …
Group Newslink: MBA Commercial/Multifamily NewsLink June 11
Coronavirus Is Sending Luxury Rental Markets on a Rollercoaster Ride
Wall Street Journal, June 4, 2020–Katy McLaughlin, Candace Taylor (subscription)The pandemic is affecting the leasing landscape in cities like Chicago, New York and Seattle in different ways.https://www.wsj.com/articles/coronavirus-is-sending-luxury-rental-markets-on-a-rollercoaster-ride-11591287680?
As Commercial Rents Evaporate, New York City Co-Ops Face a Wave of Potential Assessments
Wall Street Journal, June 4, 2020–Virginia Smith (subscription)A slowing sales market and a crisis in retail rents may leave buildings struggling to balance the budget.https://www.mansionglobal.com/articles/as-commercial-rents-evaporate-new-york-city-co-ops-face-a-wave-of-potential-assessments-215410?
Hotel Owner Seeking Mortgage Relief? Not If Wall Street Owns Your Loan
Wall Street Journal, June 4, 2020–Ben Eisen (subscription)The coronavirus shutdown has spared few companies in the travel business, but times are especially tough for hotel owners whose mortgages are owned …
The Next Big Problem For The Economy: Businesses Can’t Pay Their Rent
Washington Post, June 4, 2020–Heather Long Nearly half of commercial retail rents were not paid in May. Companies as big as Starbucks say the financial devastation from the shutdown has …