The company was already facing financial issues when it encountered a worst-case downturn scenario.
New York City Apartment Leases Tumble While Renters Stay Put
In Manhattan, new leases fell by 38 percent in March compared to March 2019.
10 Must Reads for the CRE Industry Today (April 9, 2020)
With debt payments looming and access to loans uncertain, some retailers are fighting for survival, according to the Wall Street Journal. Two national advocacy groups for the apartment industry are calling for Congress to provide additional relief and assistance for America’s rental housing providers, reports Forbes. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (April 8, 2020)
Private equity investors are planning to take advantage of distressed asset sales, reports the Wall Street Journal. Airbnb has raised $1 billion in new funding, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
NREI's Common Area, Episode 32
David Bodamer speaks with Adam Hooper, the founder and CEO of RealCrowd.
10 Must Reads for the CRE Industry Today (April 7, 2020)
Short-term rental industry is taking a hit, reports the Wall Street Journal. The New York Times looks at how the economy can survive. These are today’s must reads from around the commercial real estate industry.
Historic Low Yields Back in Sight After Volatility Vanquished
There’s a critical mass of market forces weighing in favor of lower yields.
10 Must Reads for the CRE Industry Today (April 6, 2020)
Over the weekend a coalition of 15 industry trade groups called on the federal government to establish a liquidity facility for mortgage servicers, reports Housing Wire. Commercial tenants in the U.K. are struggling to pay second quarter rents, according to CNBC. GlobeSt.com explored how multifamily property managers are weighing what to tell other tenants when a renter tests positive for COVID-19. These are among today’s must reads from around the commercial real estate industry.
Fed Needs to Throw a Lifeline to Junk Bonds: Noah Smith
If companies are unable to roll over their debts, many will go bust, throwing more people into the overloaded unemployment insurance system.
Where Do CRE Brokerage Firms See the Greatest Opportunities for Proptech Adaption?
Technology leaders from Savills and Colliers International discuss where they see the greatest benefits of proptech.