U.S. Outlook for 2020 Coronavirus and the Risk to Hotels

March 24, 2020

Check out CBRE – U.S. Outlook for 2020 Coronavirus and the Risk to Hotels “The hotel market’s recovery from past major shocks, such as 9/11 nationally, Sars outbreak in Toronto, Ziki outbreak in Miami, typically took 14 to 24 months. Our downside scenario indicates it will take six to eight months for U.S. hotel demand…read more

FHFA Updated Policies on Covid-19

March 24, 2020

Article by:  Irimar Waters “The Federal Housing Finance Agency (FHFA) has directed new Fannie Mae and Freddie Mac Policies for appraisers to follow regarding Covid-19 (coronavirus). In light of the economic and social impact, these policies have been put in place temporarily to ease the strain of the Housing and mortgage industry.” Read the full…read more

Fed Announces Unlimited Bond Purchases, Will Buy Apartment CMBS

March 24, 2020

Article by:  Erika Morphy “In an extraordinary move to keep credit lines open, the Federal Reserve announced Monday morning that it would not put a cap on its purchases of Treasury and mortgage securities.” Read the full article:

In Focus: Norm Miller on the Impact of COVID-19 on Commercial Real Estate

March 24, 2020

Podcast by:  Norm Miller Norm Miller, Professor of Real Estate Finance at the University of San Diego School of Business, discusses the impact of COVID-19, also known as the Coronavirus, on the retail, hotel, multifamily, cap rate markets, and more. Watch the full podcast:

The Latest COVID-19 Chatter Within the Self Storage Industry

March 24, 2020

Article by:  Adam Schlosser and Charles “Chico” LeClaire The US economy and the banking system were in the best shape compared to any pre-shock periods in at least the last three decades. Commercial and residential real estate are not the core causes of an economic or financial market problem thanks to the lack of overbuilding…read more

Preventing Covid-19 From Infecting the Commercial Mortgage Market

March 24, 2020

Article by:  Thomas J. Barrack “As a direct consequence of the necessary response measures to COVID-19, high performing mortgage loans across the entire commercial real estate sector (approximately $16 trillion in aggregate), which had previously been grounded in solid economic fundamentals, are suddenly experiencing a temporary meltdown in cash flows. We are seeing the beginning…read more

The Economic Shock of COVID-19 and Its Impact on Commercial Real Estate Values

March 11, 2020

The COVID-19 outbreak is causing great turbulence in the global economy.  Stock markets around the world have plunged, the price of oil has crashed, and the 10-year U.S. T-bill is edging closer to zero.  Cancellations, curbed travel and supply chain disruptions are taking a toll on economic fundamentals, which will likely lead to a pronounced…read more