The cannabis industry is weathering the COVID-19 pandemic much better than expected and is even thriving in some states. But the positive sentiment toward cannabis legalization hasn't yet translated into real estate investment activity.
The fact that all this money has flowed into the economy in such a short period of time without sparking inflation or causing real rates to rise should, at least conceptually, open the door to more aggressive fiscal action, particularly on infrastructure, which, unlike emergency checks given to households, can be ongoing and a self-reinforcing positive.
Fannie Mae and Freddie Mac said a regulator’s plan to boost their capital would increase mortgage borrowing costs for the millions of Americans who rely on the companies to buy homes and asked that the proposal be dialed back.
The Real Deal explores how the severe financial strain for New York’s Metropolitan Transit Authority could have “catastrophic” effects for commercial real estate if big service cuts are the result. The restaurant market in Los Angeles is facing a reckoning with reductions in rents necessary to prevent permanent closures, according to Eater Los Angeles. These are among today’s must reads from around the commercial real estate industry.
