Measures taken to contain coronavirus harmed the retail sector, but the pandemic might re-shape retail in positive ways, said Wells Fargo Securities, Charlotte, N.C.
Group Newslink: MBA Commercial/Multifamily NewsLink June 18
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. https://www.mba.org/members/member-resources/member-advantage-program?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=o2eVM1&_zl=I4M64
The Pandemic’s CRE Domino Effect
American Banker, June 10, 2020–Kate Berry (subscription)As revenue-starved retailers fall further behind on rent payments, landlords’ cash flow will be strained, and defaults on commercial real estate loans could rise.https://www.americanbanker.com/news/the-pandemics-cre-domino-effect
Institutional Investors Lower Their Return Expectations
Institutional investors dramatically decreased their expectations for 2020 commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported.
Dealmaker: NXT Capital Closes $46M Loan to Colorado Office Park
NXT Capital, Chicago, closed a $45.6 million loan to finance acquisition of Cherry Creek Plaza I & II, a two-building office park in Glendale, Colo.