Mansion Global, June 15, 2020–Lucy Cohen BlatterMark Stumer of architecture firm Mojo Stumer predicts larger lobbies and elevators may be a result of the virus.https://www.mansionglobal.com/articles/covid-will-have-larger-impact-on-commercial-than-residential-real-estate-says-new-york-architect-216753
Group Newslink: MBA Commercial/Multifamily NewsLink June 18
MBA’s Kelli Burke Named #NEXTPowerhouseAwards Winner
Kelli Burke, MBA Vice President of Commercial Real Estate Finance, has been named an award recipient of the #NEXTPowerhouseAwards, presented by NEXT Mortgage Events & News. She will be recognized at #NEXTSUMMER20, the group’s first virtual executive summit, taking place August 23-25.
3 in 10 Americans Missed their June Housing Payment–Study
Mortgage Professional America, June 12, 2020–Ryan SmithAmericans are feeling a high level of housing insecurity amid the COVID-19 pandemic despite its economic impacts beginning to soften, according to a new …
CRE CLO Market Showing Signs of Recovery Amid COVID-19 Impact
National Mortgage News, June 12, 2020–Glen Fest (subscription)Owners of transitional commercial real estate properties continue to find takers of short-term bond offerings through CRE collateralized loan obligations. But those sponsors …
Coronavirus Highlights Need for Multifamily, Affordable Housing
National Mortgage News, June 12, 2020–Paul Centopani (subscription)The coronavirus pandemic brought more attention to the affordable housing issue and illuminated already vulnerable, low-income populations.https://www.nationalmortgagenews.com/news/coronavirus-highlights-need-for-multifamily-affordable-housing
April Sees ‘Historic’ Hotel Profitability Drop
U.S. hotel profitability metrics cratered during April, reported STR, Hendersonville, Tenn. During April, the sector saw total revenue per available room fall nearly 93 percent year-over-year and gross operating profit per available room fall 116.9 percent to a $17.98 loss per room.
Why We’re Not Going Back to the Office Any Time Soon
Washington Post, June 12, 2020–Megan McCardleIf you used to work in a high-rise and are now working from home, chances are that come Dec. 31 you will still be someone …
Groups Push U.S. Rescue of Property Owners
Commercial Mortgage Alert, June 12, 2020Michael Flood, the Mortgage Bankers Association’s top commercial real estate policy staffer, said his and other industry groups are mounting a fierce battle against such …
MBA, Trade Groups Oppose ‘Fundamentally Flawed’ California COVID Relief Bill
The Mortgage Bankers Association and nearly two dozen other industry trade groups sent a letter this week to California legislators, strongly opposing as “fundamentally flawed” and “disruptive” a broad-brush bill aimed at assisting state residents experiencing financial difficulties amid the coronavirus pandemic.
In an Uncertain Era for Law Firm Real Estate, Landlords Face New Pressures on Rent
American Lawyer/GlobeSt.com, June 11, 2020–David Thomas Forced out of their pricey commercial office buildings for months and grappling with the sudden COVID-19 recession, law firms have been negotiating over their …