Capital values across all segments (retail, office, industrial) already fell by 6.1% over the three months from March to May.
Winners in this crisis: Ecommerce – for retailers that don’t sell men’s office & formal wear – and for sure, lawyers.
The kids are jumping ship and they’re not coming back.
I asked top executives from three tech companies—with a hundred employees, with a thousand, and with many thousands—where they would put their next offices.
Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.
The elevator in a pandemic, and the accidental discovery that many businesses are 90% efficient with employees working from home.
Already troubled asset classes, such as student housing and student housing CMBS, face turmoil.
Here’s the story of two student housing REITs in the UK that crashed.
The disaster came in two phases: first, the brick-and-mortar meltdown, then Covid-19.
The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.