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16 Must Reads for the CRE Industry on Jan. 27, 2021


16 Must Reads for the CRE Industry Today (Jan. 27, 2021)
The apartment sector is starting to feel the impact from missed rent payments, reports the Wall Street Journal. Ghost kitchens are starting to pair up with hotel operators, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
Rent Collection Is Down, and Apartment Owners Feel the Squeeze “The apartment business has weathered the Covid-19 pandemic better than most of the real-estate sector. That is starting to change. Owners of multifamily buildings are falling behind on loan payments. Banks view a greater number of rental loans as high risk, and fewer lenders are available to help struggling developers with financing. Eviction protections, lower rent collections and unprecedented declines in the asking rent in some urban markets are also taking their toll on apartment owners.” ( ....

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Housing Fights to Be Heard in the Mayoral Race


Housing Fights to Be Heard in the Mayoral Race
A coalition of housing groups releases a blueprint that includes rezoning affluent neighborhoods, legalizing basement apartments and turning hotels into affordable housing.
The New York mayoral race may pivot on how well the candidates address a long list of housing policy proposals put forth by a wide-ranging coalition. Credit.Katherine Marks for The New York Times
Dec. 10, 2020
In a New York mayoral race already transformed by the pandemic and mounting racial justice issues, a coalition of more than 80 wide-ranging organizations has released a report to remind the crowded field: Don’t forget about housing. ....

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