Author Archive
What the Stimulus Measure Offers CRE
via GlobeSt.com Finally, finally Congress has passed another stimulus measure, a $900 billion bill that includes several provisions beneficial to commercial real estate and, of course, the larger US economy. CRE Finance Council has provid...
L.A. Apartment Rents Fall Nearly 8% During Pandemic
via GlobeSt.com Los Angeles apartment rents have declined 7.5% since February, according to a new report from Apartment List. The downward trend has kept pace with apartment vacancy, which has increased. According to the report, the pre-pand...
Multifamily Rent Collections Down 24% in December
via GlobeSt.com Apartment rent payments continued to decline in December. As of December 10, rent collections were down 24% from March collections, according to research from Rentec Direct, which aggregates rent collection data to analyze th...
Renters Assistance is On the Table in Stimulus Talks
via GlobeSt.com A credible proposal for another stimulus measure hit Capitol Hill on Tuesday. There is no guarantee that it will pass and be signed into law and it is light on details but it is the first serious attempt to jumpstart bipartis...
Employees Increasingly Reluctant to Return to the Office
via GlobeSt.com Office occupancy rates dropped significantly last week, likely due to Thanksgiving. Kastle Systems’ 10-city national average fell to 17.6% — an 8.1% drop from the previous week. Every city measured on the Kastle Back t...
Shining a Light on 2020 Tax Planning: The Importance of Year-End Planning
via AptMags.com Shining a Light on 2020 Tax Planning: The Importance of Year-End Planning The year started as a normal filing season, but with the Coronavirus pandemic, there is now a lot more to consider from a tax planning standpoint....
Prop 15, aimed at raising taxes on commercial properties, is dead
via TheRealDeal.com Proposition 15, the statewide ballot initiative that would have raised taxes on large commercial property owners, has been defeated. Unofficial results from election night showed voters had rejected the measure. A week...
Industrial Remains 2020’s Top Performer
via GlobeSt.com While most commercial real estate sectors are suffering from rising vacancies and falling rents during the pandemic, industrial keeps outperforming its peers. Buoyed by continuing strength in e-commerce, the warehouse/dist...