A Land Advisors Company
What I’m Reading Shifting Priorities: Before the emergency of COVID-19, a Greystar survey revealed the most wanted apartment amenities in the U.S. included swimming pools, multi-use common areas, pet-friendly features and soundproof walls. Post pandemic, more space, better HVAC systems, office areas, balconies and e-commerce lockers have become higher priorities. Flexible: The Co-working model has […]
What I’m Reading Squatters: Some retailers are refusing to vacate stores after breaking their leases, causing a major headache for landlords who can’t re-let the space. Adapting: Projects converting retail space into industrial space are continuing to grow, as e-commerce becomes more widespread and industrial rents reach all time highs, a new CBRE report finds. […]
What I’m Reading Lifeline: Struggling colleges that are overly reliant on tuition may be able to monetize their campus real estate, either through joint venture or borrowing, to bridge shore up their balance sheets. Starved: More than 60% of the global bond market now yields less than 1%. This will continue to push investors further […]
What I’m Reading Ghost Town: A new report from Green Street concluded that the need for office space will decline by 10-15% because so many people are working from home, and the trend could become a permanent employment benefit after the pandemic has passed. The impact will be especially acute in expensive gateway markets. Green […]
What I’m Reading Swiped: MRI Software says there’s an on-going rise in the use of credit card payments used to pay rent from residents of market-rate apartment units since the beginning of the pandemic. No way to sugar coat this one, its a bad trend. People will ultimately do what they have to in order […]
What I’m Reading Creative Destruction: The carnage in the restaurant industry has investors searching for distressed opportunities. Creative Destruction Part II: Past financial crises have been followed by spikes in new asset management firm launches, the COVID crisis should result in the same. Proving Ground: Great Britain is among the world’s largest flexible office markets […]
What I’m Reading Chopping Block: Joe Biden, the presumptive Democratic candidate for president, unveiled a 10-year, $775 billion plan this week to fund universal childcare and in-home elder care that would be paid for by effectively eliminating tax deferred exchanges. In Limbo: A lack of clarity surrounding in-person university classes this fall has student housing […]
What I’m Reading Chips Off the Table: Borrowers took more cash out of their commercial properties from 2015 – 2019 than ever before, dwarfing even the run up to the Great Recession. Monetization: Co-working companies are teaming up with nearly-empty hotels to offer on-demand workspaces. Package Deal: With pandemic related shutdowns of gyms and common […]
One Big Thing Last week, California governor Gavin Newsom ordered that all schools – public and private – in counties on the state’s COVID watch list were to remain closed to in person classes. This order is to remain in place until the county that a school is located is removed from – and stays […]
What I’m Reading Plunging the Depths: The Primary Mortgage market survey has been reporting average US mortgage rates for nearly 50 years. It fell below 3% for the first time ever this week. Pay Up: Simon Property Group, the country’s biggest retail REIT is suing mall tenants who have not been paying their rent during […]