JULY 25, 2020

Top Stories

Retail

COVID-19 Bankruptcies That Could Hurt the CRE Industry

By NREI Staff

The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate.

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Finance & Investment

Biden Proposes to Fund Caregiver Plan by Changing Tax Treatment of Like-Kind Exchanges

By NREI Staff

Joe Biden, the presumptive Democratic candidate for president, unveiled a 10-year, $775 billion plan to fund universal childcare and in-home elder care that would be paid for by taxing real estate investors.

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Real Estate Services

How Will Subchapter 5 of the Bankruptcy Code Impact Landlords?

By John Egan, Contributing Writer

Landlords need to educate themselves about the new Subchapter 5 bankruptcy rules as a precedent-setting case plays out in Texas.

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Analysis

Real Estate Services

Where Do CRE Lenders See the Greatest Potential for AI?

By Sebastian Obando, Staff Writer

For commercial mortgage lenders, artifical intelligence (AI) can help automate the underwriting process, source deals and eliminate human error from traditionally manual processes. NREI spoke with Kim Nguyen, credit risk manager at life insurance lender Pacific Life, and Marc Rutzen, CEO and senior vice president of information technology for Enodo, a tech startup purchased in 2018 by real estate financing services provider Walker & Dunlop.

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Finance & Investment

Banks Potentially Facing Hefty Volume of Troubled CRE Loans

By Beth Mattson-Teig, Contributing Writer

With forbearance periods still underway, visibility has not yet emerged on how much distress sits on bank balance sheets.

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Office

Office Building Health and Safety Now Requires Extra Spending. But Who Will Foot the Bill?

By Sebastian Obando, Staff Writer

Depending on lease terms, expenses related to COVID-19 might fall on the tenants and not office owners.

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Commentary

Retail

Shopping and Eating Pre and Post-COVID

By Shawn Bland and Jamie Sullivan

Both the retail and restaurant markets have been in a constant state of evolution, responding to generational shifts, technological advancements, and now, COVID-19.

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Real Estate Services

Riding Out the Pandemic: Surefire Employment Strategies for CRE Firms

By Jana Turner

The coronavirus pandemic has been a major disruptor to the employment environment in virtually every industry. Here are some things for employers to keep in mind about the commercial real estate workforce.

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Podcast

Retail

NREI's Common Area: How Malls Are Being Used for More Than Just Shopping

By NREI Staff

In episode 39 of NREI's Common Area podcast, David Bodamer speaks with Lou Conforti, CEO of Washington Prime Group (WPG). WPG is a retail REIT and a recognized leader in the ownership, management, acquisition, and development of retail properties. Conforti talks about what he and the WPG team are doing to help their tenants continue operating their retail businesses during COVID-19.

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NREI Wire

Facebook Office Outside Seattle Put Up for Sale by Developer

Bloomberg

An office fully leased to Facebook Inc. in a Seattle suburb is up for sale, a sign that developers are ready to test demand after the pandemic put much of the commercial real estate market into a deep freeze.

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10 Must Reads for the CRE Industry Today

By NREI Staff

Senator Kamala Harris introduced the Relief Act, which would ban evictions and foreclosures for a year, reports CNBC. Big banks are urging Congress to hurry up on another stimulus package as economic conditions are worsening, according to Business Insider. These are among today’s must reads from around the commercial real estate industry.

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