Real estate investment entities were welcoming a steady stream of capital inflows with open arms just a few weeks ago. But now some are doing their best to hold onto cash amid the economic uncertainty generated by the COVID-19 pandemic.
In this episode of NREI's Common Area Podcast, David Bodamer is recording safely from his home and has a guest on the line: Charles Krawitz, vice president and head of commercial lending at Alliant Credit Union. The two discussed how the lockdown is affecting commercial borrowers.
An Anbang Insurance Group Co. unit sued to force South Korea’s Mirae Asset Global Investments Co. to complete its $5.8 billion purchase of a portfolio of U.S. luxury hotels as the coronavirus pandemic roils financial markets and travel.
The top two trade groups representing major retailers such as Walmart Inc., Target Corp. and Best Buy Co. are calling on governors to adopt uniform reopening standards as the pandemic subsides, including allowing warehouses and distribution centers nationwide to reopen all at once, rather than state-by-state.
Las Vegas once again finds itself bearing the brunt of an economic crisis, reports The New York Times. Resolving commuting issues may be the answer to bringing people back to the office, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
