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JULY 20, 2020

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Finance & Investment

How Will Subchapter 5 of the Bankruptcy Code Impact Landlords?

By John Egan, Contributing Writer

Subchapter 5 went into effect this February. A month later, Congress tweaked Subchapter 5 as part of the federal CARES Act, aimed at helping the U.S. recover from the coronavirus pandemic. A major change in Subchapter 5 that will be on the books till next spring raises the cap on secured and unsecured debts for a small business to qualify for Chapter 11. The threshold jumped from a little over $2.7 million to $7.5 million. “The idea was to create an easier path for companies to reorganize,” Dremluk says. Legal observers say the re-engineered Subchapter 5 could invite even more small businesses to file for Chapter 11 bankruptcy reorganization and, therefore, entangle more landlords in bankruptcy proceedings.

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Analysis

Technology

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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NREI Wire

U.S. Airlines Face the End of Business Travel as They Knew It

Bloomberg

U.S. airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will obliterate much of the corporate flying they’ve relied on for decades to prop up profits.

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Global Real Estate Investment Plunges Amid Covid Pandemic

Bloomberg

Global real estate investment fell by 33% in the first half as the coronavirus pandemic battered economies and disrupted deals.

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Summer Camps Bring Ominous Virus Warning in Test Run for Schools

Bloomberg

Summer camps in parts of the U.S. are closing as children and counselors test positive for Covid-19, a troubling sign as the country debates whether schools should start in-person instruction as soon as next month.

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10 Must Reads for the CRE Industry Today

NREI Staff

The Wall Street Journal examines a recent trend of big-box retail space being reconfigured as fulfillment centers. With many measures in the last Congressional rescue package on the verge of expiring, commercial real estate leaders are among those pushing for extensions, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.

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