The latest stress test results from the Federal Reserve Board show that America’s biggest banks are facing up to $47.6 billion in losses from loans tied to commercial real estate, reported CoStar. The Real Estate Roundtable’s second quarter sentiment index registered a score of 38—down 14 points from the first quarter. These are among today’s must reads from around the commercial real estate industry.
12 Must Reads for the CRE Industry Today (July 2, 2020)
The Counselors of Real Estate identified the top ten issues affecting the real estate industry. Thousands of hotels face foreclosure due to the coronavirus pandemic, reports the Houston Chronicle. These are among today’s must reads from around the commercial real estate industry.
Will Off-Price Retail Chains be Big Poised for Long-Term Success?
A glut of excess inventory and a value-focused price point have set up deep discounters to outperform other retail sectors.
Manhattan Hotels Pitch Rooms for Office Space With Travel Frozen
The cost for the temporary office starts at $89 for four hours.
Don’t Let Covid-19 Cause a Surge of Evictions: Editorial Board
The solution, then, is to provide direct federal housing assistance.
12 Must Reads for the CRE Industry Today (June 30, 2020)
Warehouses should be a relative safe haven, reports the Wall Street Journal. Office space users are trying to figure out when, how – even whether – to come back, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
COVID-19: Challenges & Opportunities for Architects
Steven Velegrinis, Head of Master Planning at AECOM offers his predictions around challenges, opportunities and changes that the architectural world will face.
NREI's Common Area: Episode 38
David Bodamer is joined by IREM President Cheryl Gray to talk about the renewed efforts to build diversity and inclusion in commercial real estate.
Seven Must Reads for the CRE Industry Today (June 29, 2020)
The New York Times examines how office building owners and managers are grappling with elevator usage amid COVID-19 safety measures as workers return. Real Money looks at how Microsoft’s decision to shutter its stores highlights how Apple has succeeded where its competitors have struggled. These are among today’s must reads from around the commercial real estate industry.
GAO Can’t Solve the $2.7 Trillion Mystery of Covid-19 Aid: Timothy L. O'Brien
While most Americans are aware of the rescue, few know where the money is landing and what impact it’s having.