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APRIL 13, 2020

Top Story

COVID-19

CRE's Potential Winners and Losers in a Virus-Hit World

By Elaine Misonzhnik, Executive Editor

It may not be fair, but even pandemics tend to benefit some people and segments of society while devastating others. The Black Death, for example, led to higher wages for suddenly scarce laborers and a vast expansion of Western Europe’s middle class. COVID-19 will also likely leave both the world, and the commercial real estate industry, looking different than they did before. Here’s how the current pandemic could play out for various segments of the U.S. real estate industry.

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Analysis

Operating Multifamily Properties in a Time of No Evictions

By Bendix Anderson, Contributing Writer

Many landlords are struggling to balance the needs of residents who are now unemployed and underemployed with their own pressures of continuing to operate properties safely and pay monthly mortgage payments. In addition, managers have to sort through relief requests to determine which residents need it most. 

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Sponsored Content

NREI's Net Lease Trends Report 2020

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Survey says respondents eye opportunities, challenges ahead.

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NREI Wire

Gridlocked Congress Hears Aid Pleas After 17 Million Job Losses

Bloomberg

Some 17 million Americans have lost their jobs in the past month, $349 billion in funding for a small-business relief program may run out within days, and the Covid-19 death toll in the U.S. has soared past 22,000. And yet partisan deadlock reigns in Washington. Republicans want to add more money to Small Business Administration loan programs while Democratic leaders issued a statement early Monday demanding changes to that aid, including urgent funding for states and municipalities and additional help for struggling hospitals and health-care workers.

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Some Companies Are Too Connected to Fail: Peter R. Orszag

Bloomberg

Given Covid-19’s reach through the economy, cascading bankruptcies loom as a major threat. These happen when one company’s failure to pay its bills weakens the financial health of another, which in turn undermines the viability of yet another and so on, causing a chain reaction. Economic stress from the present pandemic is far more diffuse than it was during the 2008-2009 crisis, and this time the firms that pose the greatest danger are not limited to the financial sector.

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Seven Must Reads for the CRE Industry Today

NREI Staff

The Real Deal provides a rundown of what various commercial real estate trade groups are pushing for in the next round of Congressional relief measures. The IRS has extended the filing deadline for real estate related investments, according to the National Association of Realtors. Retailers and their landlords are struggling to find common ground in relief negotiations, reports Women’s Wear Daily. These are among today’s must reads from around the commercial real estate industry.

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