Commercial Real Estate in the Plague Year: The Office Tower Landscape is About to Be Remade by John McNellis • May 28, 2020 • 99 Comments The elevator in a pandemic, and the accidental discovery that many businesses are 90% efficient with employees working from home.
College Enrollment in the Spring Fell for 9th Year in a Row, and Now Comes Covid by Wolf Richter • May 27, 2020 • 132 Comments Already troubled asset classes, such as student housing and student housing CMBS, face turmoil.
Student Housing, One of the Most Hyped Asset Classes, Runs Out of Students by Nick Corbishley • May 24, 2020 • 123 Comments Here’s the story of two student housing REITs in the UK that crashed.
Shares of Mall REITs Jumped 12% Today, But Have Collapsed So Far It’s a Barely Visible Blip by Wolf Richter • May 18, 2020 • 99 Comments The disaster came in two phases: first, the brick-and-mortar meltdown, then Covid-19.
With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives by Nick Corbishley • May 18, 2020 • 29 Comments The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.
Non-Paying Tenants Trip Up Land Securities, Once UK’s Largest Commercial Property REIT. Stock Plunges by Nick Corbishley • May 14, 2020 • 39 Comments The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.
US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed by Wolf Richter • May 11, 2020 • 171 Comments Tenants’ collapsing one after the other without replacement has a pernicious impact on property prices.
Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed by Nick Corbishley • May 5, 2020 • 93 Comments Luxury retail isn’t what it used to be, from Barcelona to Hong Kong.
Commercial Real Estate Already Gets Hit in Europe: Prices for Retail Properties Plunge, Office Prices Sink by Wolf Richter • May 4, 2020 • 68 Comments “Wide bid-ask spread points to lower values” going forward. It just started.
Can Macy’s Survive this Crisis Without Filing for Bankruptcy? by Wolf Richter • Apr 28, 2020 • 121 Comments Its unsecured bonds crashed 53% since Feb 14. It has been living off its real estate portfolio of “owned boxes” for years by selling them.
