Real Estate Investment Trusts

COVID-19 will pass eventually. The question is how large of an exodus cities will suffer, and how long it will last.

The CDC recently ordered some offices in the Atlanta area closed after property managers discovered the bacteria that causes Legionnaire’s disease in water sources at the properties, reports The New York Times. Bisnow takes a look at the challenges the commercial real estate industry faces in recruiting diverse talent to industry. These are among today’s must reads from around the commercial real estate world.

There lies an opportunity for investors looking to take advantage of situations where lenders prefer to sell off their debt rather than continue to try to work things out.

Many of San Francisco’s small businesses have closed for good due to the COVID-19 pandemic, according to the San Francisco Chronicle. Shopping center owner backs outdoor locations to prove more valuable than indoor shopping malls, reports Forbes. These are among today’s must reads from around the commercial real estate industry.

The alternative asset manager in in contract to purchase a portfolio of newly developed buildings from Bruman Realty.

The U.S. Postal Service “has a virtual monopoly on the last mile,” according to REIT CEO Andrew Spodek.

Bay Area cities are approving affordable housing developments, reports the San Francisco Chronicle. The Federal Housing Finance Agency is mandating multifamily property owners with government-backed loans in forbearance to inform renters about the eviction protections that extend to them, according to Forbes. These are among today’s must reads from around the commercial real estate industry.

California Superior Court Judge Charles Haines ruled the city’s eviction moratorium was a “reasonable exercise of the police power to promote public welfare.”

Commercial real estate fundamentals showed some improvement in July, reports Star Tribune. The struggles of the retail sector are likely to continue, according to Benzinga. These are among today’s must reads from around the commercial real estate industry.

The apartment rental market comprised of units priced at $22,000 a month and more has seen a 75 percent drop in listings.