10 Must Reads for CRE Investors Today (June 24, 2021) Morgan Stanley is requiring all employees and visitors to its New York offices to be fully vaccinated, reports The New York Times. Mall landlords are again turning to an old standby: pop-up stores, to help boost revenues, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.
Morgan Stanley says no vaccine, no entry. “Starting July 12, employees, contingent workers, clients and visitors at Morgan Stanley’s buildings in New York City and Westchester County must attest that they are fully vaccinated, a person familiar with the matter said, citing a memo from Mandell Crawley, the bank’s chief human resources officer. Staff members who don’t will be required to work remotely, added the person, who spoke on condition of anonymity to discuss personnel-related matters.” (
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NEW YORK, May 7, 2021 /PRNewswire/ The CRE Finance Council (CREFC), the industry association that exclusively represents the $4.8 trillion commercial and multifamily real estate finance industry, today announced the results of its First-Quarter 2021 CREFC Board of Governors (BOG) Sentiment Index Survey and Special COVID-19 Survey. The results indicate a continued strong upward surge in positive outlook for commercial and multifamily real estate finance, with 95% of the Board expecting the U.S. economy to perform better over the next 12 months, compared to 77% in Q4 2020.
(PRNewsfoto/CRE Finance Council)
CREFC s quarterly sentiment Index is derived from the Board s responses to 10 core questions on the state of the commercial real estate (CRE) finance market. The surge in the Q1 Index is attributed to positive responses to eight of the 10 questions, which have been posed to the Board each quarter beginning in the fourth quarter of 2017.