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JULY 7, 2020

Top Story

Multifamily

Apartment Industry Advocates Lobby for New Stimulus Legislation as Senate Goes on Recess

By Bendix Anderson, Contributing Writer

In a few weeks, a federal emergency program will stop distributing extra funds to people who lost jobs in the crisis caused by the novel coronavirus. That could cause a huge number of renters to fall behind on their rents and eventually lose their homes.

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Analysis

Finance & Investment

As the July 15 Deadline Nears, 1031 Exchange Investors Confront a Supply Pinch and “Rich” Pricing

By John Egan, Contributing Writer

As commercial real estate investors scramble to meet a July 15 deadline for wrapping up 1031 exchanges, they’ve been running into trouble finding replacement properties. For one thing, there simply aren’t enough suitable like-kind assets to go around.

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Podcast

Real Estate Services

NREI's Common Area, Episode 38

By NREI Staff

David Bodamer is joined by IREM President Cheryl Gray to talk about the renewed efforts to build diversity and inclusion in commercial real estate. T hey examine how the commercial real estate industry has been having conversations about underrepresented groups for some time now, but in today’s atmosphere, people want to stop talking and start doing.

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NREI Wire

Manhattan Luxury Condo Developer Tries Hand at REIT Investing

Bloomberg

A developer of some of Manhattan’s newest ultra-luxury condos has started a more down-to-earth project: a fund investing in real estate companies that appear undervalued.

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Coca-Cola Bottler Moves Forward with 1.3 Million-Square-Foot Facility in Florida

By American City Business Journals

The beverages giant is laying the groundwork for beginning construction on its massive new mixed-use development.

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10 Must Reads for the CRE Industry Today

By NREI Staff

Commercial property sales in New York City took a deep dive in the second quarter, reports the Wall Street Journal.  As department stores disappear, regional malls could follow, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

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