Industrial facilities are seeing rising rents and potential bidding wars as online sales drive demand for space to store merchandise.
U.S. Homebuilder Optimism Continues Recovery as Buyers Return
The housing market continued to attract buyers looking for more space and attracted by low interest rates.
Green Street Sees Gateway Cities, Core REIT Sectors Under Pressure
Gateway cities are likely to come under increasing pressure as a result of economic and cultural shifts triggered by the coronavirus crisis, according to Mike Kirby, Green Street Advisors’ co-founder and director of research.
In addition to the work-from-home trend, which has the potential to expand the radius where workers can live, gateway cities are also being squeezed by social unrest and fiscal challenges, Kirby said during a July 15 NYU Schack REIT Leadership Workshop webinar.
Occupancy in Senior Housing Hits 15-Year Low on Pandemic Fears
In the second quarter, occupancy at independent living and assisted living facilities declined by 2.8 percent.
13 Must Reads for the CRE Industry Today (July 16, 2020)
Close to 88 percent of apartment-renting households made a full or partial rent payment by July 13, according to The National Multifamily Housing Council. Despite an online boom, retailers are struggling with higher expenses related to upping their e-commerce operations, reports Reuters. These are among today’s must reads from around the commercial real estate industry.
What Goes Into Operating Drive-In Theaters in Retail Parking Lots
As more drive-in movie theaters pop up in parking lots of malls and big-box retailers, we look at how these partnerships work.
COVID-19 Creates a Tough Market for Condo Sales
In the last recession some for-sale condo developments were turned into rentals. Brokers say that’s unlikely to happen in the current crisis.
Shadow Bank Weaknesses Forced Fed’s Market Rescue, Quarles Says
The coronavirus crisis has exposed potential weaknesses tied to non-bank financial firms, including excessive leverage and interconnectedness.
10 Must Reads for the CRE Industry Today (July 15, 2020)
Federal Reserve officials appear to brace for a prolonged recession, according to Forbes. Biotech properties are attracting a lot of investor interest in a pandemic, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Union for Laid-Off Workers Wants to Know If Hotel Took PPP Loans
Local 11 of Unite Here filed a charge with the National Labor Relations Board against the JW Marriott Santa Monica Le Merigot.