JUNE 6, 2020

Top Stories

Finance & Investment

Seven CRE Economists Offer Their Advice and Predictions for the Sector

By Elaine Misonzhnik, Executive Editor

As we move into the summer months, there are still a lot of unknowns around how the COVID-19 pandemic will play out, including how much worse the first wave of infections is going to get, whether there will be a second wave in the fall and how soon we might expect some type of vaccine or effective treatment. We asked seven commercial real estate executives with backgrounds in research and economics to offer their outlooks on what the current situation might mean for real estate investors.

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Retail

Restaurants Face a Challenge If They Reopen with Limited Dining Capacity. What Can Landlords Do to Help?

By Liz Wolf, Contributing Writer

PPP loans and income from takeout and deliveries will not be enough to help most tenants stay afloat.

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Finance & Investment

Takeaways from Nareit’s REITWeek 2020

By Sebastian Obando, Staff Writer

NREI spoke with Calvin Schnure, Nareit senior vice president, on his takeaways from this year’s virtual REITweek.

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Analysis

Retail

How Are Mall REITs Trying to Survive?

By John Egan, Contributing Writer

Reacting to the coronavirus-initiated closures of their properties, mall REITs furloughed or laid off employees, slashed executive pay, chopped expenses and scrubbed development projects to staunch the financial bleeding. Yet those immediate measures won’t preserve the lifeblood of mall REITs as they open their doors again.

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Multifamily

Affordable Housing Developers Remain Eager to Build New Projects

By Bendix Anderson, Contributing Writer

Affordable housing projects continued to move forward in many areas in spite of the COVID-19 pandemic, although some obstacles have emerged.

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Alternative Properties

Education and Healthcare Industries Could Drive Additional Data Center Demand

By Sebastian Obando, Staff Writer

Although the technology industry has taken the lead in moving data to cloud computing facilities, two other sectors seem set to increase their investment in data center solutions: healthcare and education industries.

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Commentary

Industrial

Industrial Development Offers an Attractive Opportunity on the Path Forward

By Marshall Burton

When examining the industries that have provided crucial services and supplies during the pandemic, many lead back to the need for industrial space.

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Finance & Investment

So Your 1031 Exchange Deadline Has Been Extended? Why Waiting Until the July Deadline Could Be a Bad Idea

By Alex Madden

As a result of the COVID-19 pandemic the IRS issued Notice 2020-23, which provided a multitude of tax extensions, including 1031 like-kind exchange deadlines for some investors. While the extensions were provided for good reason, there may be unintended consequences if eligible investors all wait to pull the trigger on their exchanges near or at the time of the deadline.

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Podcast

Finance & Investment

NREI's Common Area: Episode 36

By NREI Staff

In this episode of NREI's Common Area podcast, David Bodamer talks to Adam Gower, the founder of Gowercrowd, a crowdfunding resource for real estate developers, on why it’s time for investors to consider distressed real estate, examples of adaptive reuse on commercial properties and other ways that COVID-19 is shaking up commercial real estate.

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NREI Wire

Ex-NYC Housing Czar Alicia Glen to Build Affordable Rentals Across U.S.

Bloomberg

Alicia Glen, a former New York deputy mayor for housing and development, is starting her own firm to build affordable rentals in smaller cities across the U.S.

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Nine Must Reads for the CRE Industry Today

By NREI Staff

CBL & Associates said it may not be able to continue as a going concern, according to CNBC. The Bellagio resort in Las Vegas has installed sinks between slot machines to limit virus spread, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

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