A report from the Times of London. "Sean Rakidzich was 'spitting fire.' The 34-year-old from Houston had built a small empire via Airbnb, managing 103 properties in Texas and Pennsylvania. Then the coronavirus walloped his business, as it did everyone…
A report from the San Francisco Chronicle in California. "Historically, the spring selling season in San Francisco is the most active of the year, with new listings, sales and market prices all climbing steadily out of the mid-winter slowdown. But…
A report from Bisnow. "The commercial real estate market is in limbo, with developers waiting to see if opportunities for low-interest rate refinancing and acquisitions bubble to the surface. But, the timeline for finding these opportunities in the post-COVID-19 landscape…
A report from the Daily Mail on New York. "A luxury New York skyscraper with apartments priced at as much as $59 million could be left empty as the coronavirus lockdown halts the construction industry. It is feared the slowdown…
A report from The Real Deal on Florida. "With hundreds of Floridians losing their jobs on a daily basis and the economy on crutches, Florida Gov. Ron DeSantis suspended evictions and foreclosures for a period of 45 days. But experts…
A report from Bisnow. "The COVID-19 pandemic is impacting the commercial real estate market in ways both large and small. Shares of real estate investment trusts have fallen 34% between February and March 16, which implies a 24% decline in…
A report from the Wall Street Journal. "As the novel coronavirus causes turmoil in property markets, some of the most risk-hungry real-estate lenders are starting to come under pressure. Funding debt investments with bank loans has allowed REITs and debt…
A report from Bloomberg. "Tom Barrack, who a week ago warned that commercial real estate financing was on the brink of collapse because of the coronavirus pandemic, is now calling for a moratorium on margin calls and intervention by the…
A report from the Wall Street Journal. "A mortgage-lending company sponsored by private-equity giant TPG is delaying dividend payments and said it is in danger of running out of money if market turmoil continues, a fresh sign that nonbank lenders…
A report from Fortune Magazine. "Zillow has temporarily stopped its home buying operations in 24 states due to the outbreak. 'Given the concerns for public safety and rapid developments by governments that restrict local real estate activities, we determined it…