The lending market “is not cautiously pessimistic, it’s not cautiously optimistic. It’s just in a quiet place where it doesn’t know which direction to go,” says one source.
12 Must Reads for the CRE Industry Today (Sept. 25, 2020)
Retailers have started paying rent again, but negotiations between tenants and landlords continue, reports CNBC. San Francisco Chronicle looks at how things might be different when California votes on rent control this fall. These are among today’s must reads from around the commercial real estate industry.
Working from Home in a Pandemic Is Not Shirking It: Lionel Laurent
“We are home working alongside our kids, in unsuitable spaces, with no choice and no in-office days,” Stanford economist Nicholas Bloom said in March.
10 Must Reads for the CRE Industry Today (Sept. 24, 2020)
The National Multifamily Housing Council found 90.1 percent of apartment households made a full or partial rent payment by September 20. Netflix signs the largest lease in Los Angeles County in 2020, reports Commercial Observer. These are among today’s must reads from around the commercial real estate industry.
Apartment Communities Optimize Services, Amenities for Life Under a Pandemic
Multifamily owners and managers have adjusted to for long-term life under COVID-19 by adapting how they offer amenities to residents.
Wall Street’s Reimagined Suburban Subdivision Is Full of Renters
With the pandemic driving demand for larger living spaces, institutional investors are bankrolling SFR subdivisions.
12 Must Reads for the CRE Industry Today (Sept. 23, 2020)
The Blackstone Group closed on the largest real estate debt fund ever, according to the Wall Street Journal. A new study finds companies are failing to follow through on pledges to elevate social concerns, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.
U.S. Existing-Home Sales Increase to Fastest Pace Since 2006
Closing transactions in August increased 2.4 percent from the prior month to a 6 million annualized rate.
Exclusive Research: Waiting for the Worst to Pass
With broader economic uncertainty looming, the outlook for the multifamily sector is decidedly mixed, according to NREI’s latest research.
13 Must Reads for the CRE Industry Today (Sept. 22, 2020)
The Federal Reserve plans to take initial steps toward rewriting the rules for lending in low income neighborhoods, reports the Wall Street Journal. Almost 90 percent of New York City’s bars and restaurants could not pay their rent in August, according to the New York Post. These are among today’s must reads from around the commercial real estate industry.