Fox Business, April 14, 2021–Caroline JoyceThe COVID-19 pandemic is accelerating the new trend of turning commercial real estate graveyards into housing.https://www.foxbusiness.com/real-estate/new-commercial-real-estate-trend-accelerated-by-covid
Group Newslink: MBA Commercial/Multifamily NewsLink Thursday April 15
Biden’s $1.5 Trillion Budget Calls for Big Investment in HUD
HousingWire, Apr. 12, 2021–Georgia KromreiPresident Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for HUD to combat homelessness, retrofit rental housing and increase the supply of …
Experts: Arizona Rents Will Continue Rising at Record Pace
Your Valley, April 12, 2021–Matt RoyWhile commercial real estate developers continue to build new apartments in the Phoenix area, market forces including strong population and job growth will continue to …
Powell Sees Economy at Inflection Point
Wall Street Journal, Apr. 11, 2021–Paul Kiernan (subscription)Federal Reserve Chairman Jerome Powell said the U.S. economy appears to be at an inflection point, with output and job growth poised to …
The American City Isn’t Dead Yet
Mortgage Professional America, Apr. 9, 2021–David KitaiA new report on rental migration in Q1 of 2021 from rental search platform Apartment List points to an interesting development around America’s urban …
Average Office Utilization Rate Shrinks Dramatically over Pandemic’s Course
Mortgage Professional America, Apr. 8, 2021–Duffie OsentalWhile on average 30% of office spaces were utilized in January 2020, data from VergeSense found that the economic impact of COVID-19 led to …
Brooklyn Sees Surprising Gains in Real Estate Prices, Transactions and Inventory in 2021
Brownstoner, April 8, 2021–Craig HubertEverything is looking up for the Brooklyn real estate market. Inventory, transactions and closed-sale prices increased across the borough in the first quarter of 2021, according …
As Vaccination Drive Continues, Office Landlords Bet on Virus Testing to Speed Up Office Returns
Wealth Management Real Estate, April 8, 2021–Patricia KirkMore companies are announcing they will be returning to the office. On-site COVID-19 testing might be another inducement.https://www.wealthmanagement.com/office/vaccination-drive-continues-office-landlords-bet-virus-testing-speed-office-returns?
Manhattan Office Market’s 25% Drop is Ominous Sign for Landlords
The Real Deal (New York), April 08, 2021With offices shrinking in a post-Covid world, the world will never be the same for some landlords. The market value of office towers …
JPMorgan CEO Jamie Dimon Sees ‘Goldilocks Moment’ for U.S. Economy
Wall Street Journal, Apr. 7, 2021–Orla McCaffrey (subscription)In his annual letter to shareholders Wednesday, JPMorgan Chase & Co. Chief Executive Jamie Dimon said strong consumer savings, expanded vaccine distribution and …