COVID-19 has impacted the entire United States and commercial real estate is no exception; however, no property type is quicker to experience the impacts of a downturn than lodging, where rental rates reset daily.
Group Newslink: MBA Commercial/Multifamily NewsLink June 4
Dealmaker: Phillips Realty Capital Secures $29M for Virginia Office Asset
Phillips Realty Capital, Bethesda, Md., arranged $29 million in financing for Reston Metro Center One, a 124,000-square-foot office building in northern Virginia.
Distressed Debt Monitor: Q&A With SitusAMC’s Tim Mazzetti, CMB
MBA NewsLink interviewed Tim Mazzetti, CMB, who leads SitusAMC’s Servicing & Asset Management division.
MBA Chart of the Week: Proportion of Work Being Performed Remotely
MBA’s Chart of the Week three weeks ago (May 8) focused on the U.S. Bureau of Labor Statistics’ bleak April report on employment conditions. We examined which industries and sectors have been hardest hit by the COVID-19 pandemic. This week, we continue our examination of the labor market using new survey data released by the Federal Reserve Board, and examine, by education level, how many people were able to work from home as the crisis deepened in early April.
Coronavirus Causes Biggest Multifamily Rent Growth Slowdown in Years
Apartment rent prices slowed more in April than in several years when the coronavirus pandemic hit, the April Zillow Real Estate Market Report said.
MBA Education CRE Basics: Underwriting Office and Valuation Starts June 9
MBA Education presents its popular CRE Basics: Underwriting Office and Valuation online course on Tuesdays from June 9 through June 30.