The Fed kept the federal funds target rate at zero to 0.25 percent range, where it has been since March.
Co-working Gets a Boost as Professionals Seek Workspaces Away from Home
Demand for flex office space on an as-needed basis is the fastest growing product line for many co-working operators.
Eight Must Reads for the CRE Industry Today (Nov. 5, 2020)
The uncertainty surrounding the elections could put a damper on consumer spending, reports CNBC. Coworking spaces are seeing a bit of a boost as some workers fatigued from working-from-home have been signing up for single desk bookings, according to The Burn-in. These are among today’s must reads from around the commercial real estate industry.
Vornado Pares Back Price Goals for Offices It Co-Owns with Trump
“Given the investor caution, it does not look like we’re going to achieve our original top-tier pricing objective,” Steven Roth told investors.
Amazon N.Y. Warehouse Workers’ Covid Suit Tossed by Judge
U.S. District Judge Brian Cogan in Brooklyn ruled the complaint should have been brought to OSHA.
12 Must Reads for the CRE Industry Today (Nov. 4, 2020)
Big real estate investment funds are delaying investor redemption requests, reports the Wall Street Journal. Commercial real estate developers will find it hard to secure property insurance until the 2020 election is settled, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
Split-Roll Property Tax Proposal 15 in Calif. Too Close to Call
The outcomes of several other ballot measures were decided, including legalization of medical and recreational marijuana in several states.
Self-Storage Attracts New Buyers
Buchanan Street Partners plans to spend $350 million to $500 million to buy and build in the sector.
Six Must Reads for the CRE Industry Today (Nov. 3, 2020)
Non-bank mortgage lenders were facing favorable conditions for going public, but October’s market shakeout could stall fundraising efforts, reports the Wall Street Journal. Businesses across the country are boarding up as they brace for the possibility of election-related violence, according to Vox. These are among today’s must reads from around the commercial real estate industry.
Blackstone Boosts Internet Bet with Virginia Data-Center Deal
A unit of the private equity firm is acquiring a roughly 90 percent interest in the real estate for eight single-tenant data centers in Northern Virginia.