The S&P CoreLogic Case-Shiller Index climbed 7.95 percent from October of last year.
Six Must Reads for the CRE Industry Today (Dec. 29, 2020)
Supermarket chains rethink their reliance on Instacart, reports the Wall Street Journal. The Real Deal ranks the most active New York City developers of 2020. And The New York Times looks at how this year has exacerbated inequality while shielding the well-off from encountering it in everyday life. These are among today’s must reads from around the commercial real estate industry.
Pensions Swamped in a Sea of Negative Real Rates: Brian Chappatta
The 30-year U.S. real yield has been negative since mid-June after never falling below zero at any point since at least 2004.
Eight Must Reads for the CRE Industry Today (Dec. 28, 2020)
New York City has implemented a policy of grading buildings to help incentivize more efficient energy usage and most structures received D’s and F’s in initial evaluations, reports Gothamist. Forbes examines considerations for how malls will need to adapt in a changing retail climate. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (Dec. 23, 2020)
Commercial Property Executive looks at the real estate industry’s reaction to the new stimulus package. Investors are buying hotels and redeveloping them into rental apartments, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
U.S. Bankruptcy Tracker: Virus Sparks Worst December Since 2011
The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009.
Second Brooklyn Hotel Files for Bankruptcy in Less Than a Week
The filing covers a planned 26-story hotel and residential tower across from the Peter Luger Steakhouse.
Capital Markets Remain More than Willing to Finance Multifamily Deals
Even with Fannie and Freddie planning to scale back on multifamily loans, other lenders are ready to pick up market share.
Seven Must Reads for the CRE Industry Today (Dec. 22, 2020)
The Washington Post looks at what’s included in the $900 billion stimulus package. Many employers plan to encourage rather than require their workers to be vaccinated, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Billionaire Reubens Bet Big on Manhattan’s Battered Real Estate
Simon and David Reuben spent almost $2.5 billion on U.S. property acquisitions and financings, including office, retail and hotel assets.