SEPTEMBER 16, 2020

Top Story

CMBS Investors Likely to Get Dinged by Non-Recourse Loans

By Beth Mattson-Teig, Contributing Writer

One of the big selling points of CMBS loans—their non-recourse structure—may come back to haunt investors in the COVID-19 recession.

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Q&A

Office

Larry Silverstein Has Seen New York Bounce Back from Unimaginable Disaster. He Believes It Will Do So Again.

By Patricia Kirk, Contributing Writer

Saying NYC won’t recover from the pandemic “is nonsense and sells New Yorkers short,” says the man who helped rebuild the World Trade Center.

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Analysis

CBL & Associates Likely a “Canary in the Coal Mine” for Mall Owners Filing for Chapter 11

By John Egan, Contributing Writer

As CBL & Associates Properties Inc. prepares to head to bankruptcy court on the heels of reaching a deal to restructure its massive debt load, some bankruptcy attorneys are keeping a watchful eye on other mall owners. That’s because they view CBL as a “canary in the coal mine” when it comes to mall bankruptcies.

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PREA Consensus Survey Predicts a Dismal Year in NCREIF Returns

NREI Staff

The retail property index is expected to drop 11.4 percent and not return to positive territory until 2022.

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Gallery

10 Retailers That Have—and 10 That Haven’t—Paid Their Rent as of August

By Sebastian Obando, Staff Writer

Apparel stores, fitness studios and hair salons continue to be among many retailers struggling to pay rent.

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News

Doomsday Real-Estate Bets Rejected by $40 Billion Swedish Fund

Bloomberg

At the end of June, AP1’s real estate exposure was close to $6 billion, or almost 15% of the total portfolio.

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