WASHINGTON, Aug. 7, 2020 /PRNewswire/ -- Commercial real estate executives recognize the various challenges in the current market as a result of the COVID-19 pandemic, while remaining optimistic about future market conditions, according to The Real Estate Roundtable's Q3 2020 Economic Sentiment Survey released today. The report emphasizes the importance for developing, testing, and distributing a vaccine in the coming months in order for market conditions to show further improvements.
Many of San Francisco's small businesses have closed for good due to the COVID-19 pandemic, according to the San Francisco Chronicle. Rick Caruso's open-air centers are better positioned than regional malls, reports Forbes. These are among today's must reads from around the commercial real estate industry.
According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent. : Shapoorji Pallonji Real Estate (SPRE) has raised $100 million (around Rs 750 crore) from non-banking finance company Asia Pragati, people with knowledge of the matter said. This is one of the biggest debt financing deals in real estate this year. According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent. The NBFC normally takes two times cover on its loans to developers, sources said.
The firm assisted the seller, Equus Partners, in the disposition to two separate buyers. : JLL has finalized the $46.2 million disposition of a two-property portfolio totaling 223,249 square feet of office space in Scottsdale, Ariz. Equus Capital Partners, a private real estate investment manager, sold 92 Mountain View to Exeter Property Group and Scottsdale Gateway I to Healthpeak Properties, according to Yardi Matrix.
WASHINGTON, Aug. 7, 2020 /PRNewswire/ -- Commercial real estate executives recognize the various challenges in the current market as a result of the COVID-19 pandemic, while remaining optimistic about future market conditions, according to The Real Estate Roundtable's Q3 2020 Economic...
Bay Area cities are approving affordable housing developments, reports the San Francisco Chronicle. The Federal Housing Finance Agency is mandating multifamily property owners with government-backed loans in forbearance to inform renters about the eviction protections that extend to them, according to Forbes. These are among today's must reads from around the commercial real estate industry.
The U.S. Postal Service "has a virtual monopoly on the last mile," according to REIT CEO Andrew Spodek. : When most of us hear "The check's in the mail," we perceive it as a brush-off. But for Andrew Spodek, CEO of Postal Realty Trust Inc., that phrase is a stamp of approval. The Cedarhurst, N.Y.-based REIT believes it's the country's largest owner and manager of leased U.S. Postal Service properties. The company's portfolio of owned and managed postal facilities exceeds 1,000.
Blackstone's acquisition of a 49 percent stake in Hudson Pacific Properties and its $1.65 billion Hollywood real estate portfolio is a big bet on the demand for space from content creators like Netflix. The streaming giant also happens to be the largest studio tenant in the HPP portfolio. And now we know how much they're paying. (Related: Inside Hudson Pacific and Blackstone's field of streams ) Like many of Blackstone's recent blockbuster buys, such as The post TRD Insights: Here's what Netflix, Disney and CBS pay at HPP-Blackstone Hollywood studios appeared first on The Real Deal New York.
With social distancing and remote work becoming the new normal amid the Covid-19 pandemic, commercial real estate will undergo a transformation. The state of New Jersey is experiencing this fork in the road, but what path will it take moving forward? Per a New Jersey Business report, "There's no doubt that COVID-19 will affect the [...] The post Is New Jersey's Commercial Real Estate Market a Sign of the Times? appeared first on ETF Trends.