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JULY 6, 2020

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Finance & Investment

Lenders Face Looming LIBOR Transition Deadlines

By Beth Mattson-Teig, Contributing Writer

As if lenders didn’t have enough to deal with these days with the deluge of borrower requests for forbearance and payment relief, they continue to face a ticking clock on the transition away from LIBOR to a new benchmark rate for floating rate debt. Although the official phase out date for LIBOR is the end of 2021, those who believe they have plenty of time to put preparedness plans in place need to think again.

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Analysis

Seniors Housing

Seniors Housing Operators are Gradually Lifting Bans on Move-Ins

By Sebastian Obando, Staff Writer

Seniors housing operatores are reporting a deceleration in overall move-ins, but the pace of deceleration has slowed, according to the National Investment Center for Seniors Housing & Care (NIC) data.

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Sponsored

Top Timber Trends Changing Architecture in 2020

Sponsored by Think Wood

Six trends to watch when it comes to the future of timber and the built environment.

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NREI Wire

Banks Are Ditching London Offices and Not Just Because of Covid-19

Bloomberg

The giants of Wall Street and European banking are giving up their stronghold on London. In the coming months alone, Barclays Plc may ditch its investment bank’s headquarters in the capital; Credit Suisse Group AG is offloading nine floors of office space; and Morgan Stanley is reviewing its entire London footprint.

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Employers Find Testing Employees More Trouble Than It’s Worth

Bloomberg

From nursing homes in New York and a landfill in Utah to Disney World and the Las Vegas Strip, employers are wrestling with workplace safety in the age of Covid-19 and making fraught calculations about how to safeguard both their businesses and their employees. Mass testing, a critical tool to stem the virus’s spread, would appear an obvious solution.

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Eight Must Reads for the CRE Industry Today

NREI Staff

Delinquencies mount, but so far the distressed investment opportunities have yet to materialize for the mountain of cash that is awaiting them, Bisnow reports. Angelo Gordon & Co. has raised more than $1.5 billion for a new European investment vehicle, according to Commercial Property Executive. These are among today’s must reads from around the commercial real estate industry.

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