Returns processing is a good replacement use for class-B and obsolete industrial buildings that have been vacated by e-commerce operators and 3PLs that moved to more modern facilities.
New York City apartment renters now owe more than $1 billion in missed rent payments, reports the Wall Street Journal. The Real Deal looks at what appraisal reductions mean for CMBS loans. These are among today’s must reads from around the commercial real estate industry.