Month: July 2020

The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens

As mall stores have closed during the COVID-19 outbreak, some landlords have found a new, surprising source of revenue—shopping center parking lots. CNBC reported that Brookfield Properties inked a deal with Kilburn Live to turn some of its mall parking lots into drive-in theaters that could host movies and virtual concerts.  With conventional theaters and

This four-bedroom home in Truckee, CA., near Lake Tahoe, went on the market for $1.65 million and sold less than 24-hours later for $2 million. Overall and Hamilton Lake Tahoe real estate is getting snapped up at a record pace, as San Francisco tech workers flee the city in search of more space and a

The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26

Timothy Young and his family Source: Timothy Young On Monday, July 27, two days after the eviction moratorium in Maryland expired, Timothy Young, his wife, Tammy, and their two children, Hermione, 8, and Negan, 2, scrambled to move out of their duplex. They’d received their notice to vacate.  Young estimates that he’s applied to more

Goldman Sachs Merchant Banking Division is buying a stake in a 46-asset last mile industrial portfolio owned by Dalfen Industrial. The portfolio of over 6.3 million square feet caters to e-commerce-oriented tenants and is located in such metro areas as Atlanta, Dallas, Chicago, Orlando, Phoenix, Raleigh, Houston, Tampa, Baltimore, Minneapolis, Cincinnati, Columbus, Reno and Jacksonville.

Introduction Creating a financially secure life can feel like a daunting task that requires the skills of expert mapmaker and GPS programmer. You need to figure out where you are today and where you want to get to. As if that’s not a big enough lift, you’re then in charge of finding the best route

US President Donald Trump speaks as he departs the White House in Washington, DC, on July 29, 2020 en route to Texas. Jim Watson | AFP | Getty Images WASHINGTON — President Donald Trump on Wednesday made one of his most overt appeals so far in the campaign to white, suburban voters, saying in a

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit

Without a doubt the pandemic has upended commercial real estate. What were once solid tenants and asset classes have been thrown into doubt as social distancing has forced people to remain at home. In response, new practices—such as a permanent shift to remote work—once seen as unlikely are now being seriously contemplated by many companies.

A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images Pending home sales continued to climb in June, rising 16.6% monthly since May, and rising 6.3% since June 2019, according to the National Association of Realtors. This beats the expectation for the monthly