Photo by Shutterstock Saddled with losses from mass closures due to the coronavirus pandemic and corresponding social distancing guidelines, retail REITs are getting creative as they try to help drive sales for their tenants. New online initiatives, not surprisingly, have been a key strategy. Lou Conforti, CEO and director of Washington Prime Group, assures customers
Real Estate
Pat Jackson Orange County-based Sabal Capital Partners is still open for business during the pandemic. While many lenders have stepped to the sidelines, Sabal is not only closing existing loan requests, it is accepting and processing new loan requests in its agency-related lending program. “A big portion of our business is agency-related, and the agencies
Image by Shutterstock When Gregory Freedman, co-founder of real estate investment firm BH3, put together its distressed debt fund in late 2018, the world looked a lot different. The firm was expecting the usual end of cycle buying opportunities in its backyard of New York City. The management team at BH3 thought the next downturn
Photo by Shutterstock Blake E. Christian, partner at Holthouse Carlin & Van Trigt LLP, has been a practicing CPA for 39 years. In that time, he hasn’t seen a tax provision program as flexible and powerful as Opportunity Zones. “It’s like a Roth IRA and a 1031 [exchange] combined, but way more flexible,” Christian says.
Cynthia Daly Lake Como, NJ—Along with everyone else, Cynthia Daly, head of underwriting and asset management at Four Springs Capital Trust, is watching the impact of the COVID-19 public health emergency on the real estate industry and on the economy as a whole. There is not a single sector of the economy that hasn’t been
Photo: Getty WeWork has seen its fair share of stumbles in the past year: an indefinitely postponed initial public offering, a sharp leasing slowdown in two of its biggest markets, accusations of insider dealings and a sudden crash in valuation. In October 2019, SoftBank Group Corp. agreed to take majority control of the company, but WeWork isn’t out of
Photo: Getty In 1908, the National Association of Real Estate Exchanges was founded to bring agents and brokers together “for the purpose of effectively exerting a combined influence upon matters affecting real estate interests.” In 1913, the real estate industry adopted its first draft of the Code of Ethics. In 1916, the association became the
Architect Ileana Schinder outside the accessory dwelling unit (ADU) she designed in the 16th Street … [+] Heights neighborhood in Northwest Washington, D.C. in January, 2020. (Photo by Amanda Andrade-Rhoades for The Washington Post via Getty Images) The Washington Post via Getty Images Accessory Dwelling Units, or ADUs, are secondary houses or apartments that share
Hardship forbearance is an option for those who are unable to make monthly mortgage payments. Getty Homeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, according to the Federal Housing Finance Agency. The reach of the pandemic across
Photo: Getty Technology has reshaped our lives in so many ways — instant transportation at the click of a button, instant grocery or food delivery and the ability to communicate via video with anyone in the world are just a few of the perks technology brings to the table every day. While the real estate
Photo: Getty There are two types of investors when it comes to commercial real estate investing: speculators and smart investors. The former take bets on the asset’s appreciation over time based on the market, aka organic appreciation, and rely purely on an increase in value over time based on the market conditions. Smart investors, however,
New York City landlords have pledged a 90-day moratorium on evictions due to the COVID-19 pandemic. Getty New York City property owners, along with the city’s major real estate trade association, pledged Friday that landlords will not pursue eviction against tenants for the next 90 days due to the COVID-19 pandemic. “Starting immediately, we are
A Wing location in New York. Tory Williams/The Wing Topline: Shared corporate space providers Convene and The Wing are shutting down multiple locations for at least two weeks because of the global coronavirus outbreak. Convene, which leases office and event space, is closing more than half of its locations after learning of a confirmed case
This an extraordinary Budget in an extraordinary time, and there are many questions left unanswered … [+] over how the government will pay for their considerable borrowing spend. Getty Images The new Chancellor of the Exchequer, Rishi Sunak, on Wednesday, March 11 set out the Conservative government’s Budget 2020 against the unprecedented backdrop of a
The policy applies to all reservations booked in the U.S. on or before March 13 with a check-in date of April 1, 2020 or earlier. ANKARA, TURKEY – DECEMBER 30: Logos of Airbnb are seen with a house mock-up onto it, on December 30, … [+] 2019 in Ankara, Turkey. (Photo by Metin Aktas/Anadolu Agency