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JULY 29, 2020

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Finance & Investment

COVID-19 Battered the Investment Sales Market During the Second Quarter

By Beth Mattson-Teig, Contributing Writer

Investment sales volumes in the commercial real estate sector fell nearly 70 percent as the massive economic disruption from the COVID-19 pandemic ground deal making activity nearly to a halt.

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Analysis

Multifamily

How Apartment Renter Preferences Are Changing Because of the Pandemic

By Sebastian Obando, Staff Writer

The pandemic has shifted preferences when it comes to what renters are seeking when considering new apartments.

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NREI Wire

GOP Virus Bill Includes Money Trump Demanded for FBI Building

Bloomberg

The coronavirus relief package drawn up by Senate Republicans and the White House includes $1.75 billion for a new FBI headquarters in Washington, a priority for President Donald Trump, who wants to prevent the facility from being moved to the suburbs.

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‘Recession Proof’ Apartment Buildings Set for $12 Billion Test

Bloomberg

Commercial real estate firm Jones Lang LaSalle Inc. is seeking buyers for more than $12 billion worth of apartment buildings, testing demand for an asset class that has held up in past downturns against the fallout from the coronavirus pandemic.

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15 Must Reads for the CRE Industry Today

By NREI Staff

The Federal Reserve extended its lending facilities through the end of the year, reports Reuters. Sycamore Partners has offered a $1.75 billion bid for J.C. Penney in a plan to combine it with Belk, according to the New York Post. These are among today’s must reads from around the commercial real estate industry.

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