Industry News
Commercial Real Estate
Top stories summarized by our editors
10/1/2020

Additional monetary and targeted fiscal support will likely be necessary to keep the economy on track, says Federal Reserve Governor Michelle Bowman. "Even with this support, however, I anticipate that the path toward full recovery will be bumpy, and that our progress will likely be uneven," she says, noting that asset prices could suffer if the pandemic were to get worse.

Full Story:
Reuters
10/1/2020

Mack-Cali is suspending shareholder dividends for the remainder of 2020, and interim CEO MaryAnne Gilmartin notes that the company is "acting decisively to execute our strategy and fortify our balance sheet given the uncertainty of the ongoing pandemic."

10/1/2020

Commercial mortgage debt and multifamily mortgage debt both rose in the second quarter, reaching $3.76 trillion and $1.6 trillion respectively, according to the Mortgage Bankers Association. However, new originations dropped during the period.

10/1/2020

Rent collections for strip shopping center REITs are drawing closer to 90% and will keep improving through the rest of 2020, according to BTIG. Essential retailers, such as grocery stores, have helped to drive rent collections and stabilize properties.

10/1/2020

Caesars Entertainment has finalized the sale of Harrah's Reno to CAI Investments for $41.5 million. VICI Properties will retain 75% of the proceeds, and the remainder will go to Caesars.

Full Story:
CalvinAyre
More Summaries:
VICI Properties
10/1/2020

Columbia Threadneedle Investments is relocating its Boston headquarters to Boston Properties' Atlantic Wharf, where it will lease about 82,000 square feet over two floors. Columbia is downsizing from the 156,000 square feet it currently leases elsewhere.

10/1/2020

Farmland offers investors long-term protection against inflation as a result of its high correlation with the consumer price index and the producer price index, writes investor W.J. Mencarow. The asset also offers other advantages, including strong average annual returns, Mencarow writes.

Full Story:
Think Realty
10/1/2020

New legislation signed by Gov. Gavin Newsom calls for publicly traded businesses based in the state to have at least one director from an underrepresented group on their boards by next year. More than 35% of public-company boards in the state do not meet that benchmark, according to Equilar.

10/1/2020

The IFRS Foundation is assessing the demand the market has for international sustainability reporting standards and considering how it could contribute to the development of these standards. It has issued a consultation paper suggesting that one possibility would be the creation of a Sustainability Standards Board.

Full Story:
IPE Real Assets (UK)
10/1/2020

In this interview, Nareit's Calvin Schnure discusses the impact of the pandemic and political uncertainty on investor sentiment and the economy. He discusses the "two-track" nature of the economy, in which some sectors have fared relatively well while others are having more trouble.

Full Story:
Cheddar