A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized.
After a pause earlier in the year, the CRE CLO market is beginning to show signs of life, with new deals happening in recent months. But recovery in the segment is still expected to be slower than for traditional CMBS loans.
Thanksgiving Day sales are pretty much cancelled, and typically chaotic Black Friday shopping will look very different, leading retail experts to anticipate modest increases in holiday retail sales.
In this episode of NREI 's Common Area podcast, David Bodamer talks to Brian Ward, CEO of Trimont Real Estate Advisors, about how COVID-19 has disrupted the industry in 2020.
Median rent for apartments in Manhattan has reached its lowest point in nearly a decade, reports The New York Times. J.C. Penney filed a sale agreement with landlords Simon Property Group and Brookfield Asset Management after weeks of delays and negotiation, according to Retail Dive. These are among today’s must reads from around the commercial real estate industry.