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Landmark Links Readers: Thank you so much for following this blog over the past five years. While I won’t be writing here any longer, the site lives on as the new and improved Basis Points Blog. If you’re interested in subscribing, please go to http://www.basispointsblog.com/. Once the site loads, you can enter your email address […]
What I’m Reading Hard Stop: The Centers for Disease Control and Prevention is using its quarantine authority to temporarily halt evictions in order to keep COVID-19 from spreading. The order is effective immediately and will run through the end of the year. People earning under $99,000 a year or couples earning less than $198,000 a […]
What I’m Reading Stocking Up: US retailers — burned by stock-outs in the second quarter as the retail inventories-to-sales ratio hit a 2020 low in June — are ramping up imports, sending a vast majority of their cargoes through Southern California to feed waves of e-commerce orders to avoid getting stung again by low inventories. This, […]
Programming Note: I’ll continue posting here through the end of this week. If you want to sign up to get the new and improved blog in your inbox daily, its easy. Simply go to BasisPointsBlog.com. When you go to the site, a pop up window will appear allowing you to type in your email address. […]
BASISPOINTSBLOG.COMLandmark Links Readers: Welcome to Basis Points, a daily go-to for the best and most interesting curated commercial and residential real estate stories, combined with original commentary and analysis.If you are frequent reader of my blog (formerly Landmark Links), you may have picked up on some hints I’ve been dropping about an upcoming big announcement. Today […]
What I’m Reading Storm Clouds: Loans and leases can only be restructured for so long before they result in defaults, which will in turn trigger litigation. As the COVID-induced recession wears on, it becomes more likely that we will see a wave commercial real estate litigation. However, the courts were largely understaffed before the pandemic and […]
What I’m Reading Shrinkage: A newly-released survey by KPMG found that 68% of large company CEOs plan to decrease their office footprint. Six months in to the pandemic, it appears as though office tenants are doing just that, with JP Morgan and Ford – two non-tech giants – recently announcing that employees will be able […]
What I’m Reading Pending Surge? July’s new home sales report of 901,000 annualized is the highest reading since December 2006. It is also in line with peak home sales in all periods prior to the 2000s housing bubble. Housing prices typically lag sales, meaning that an uptick in home price inflation could be right around […]
What I’m Reading Big Short Redux: Some hedge funds have made a killing this year by shorting CMBS series with a high concentration of mall debt. Downward Trend: NMHC’s Rent Payment Tracker continued its downward trajectory in August, with collections off over 200 basis points from last year. That being said, it still hasn’t yet […]
What I’m Reading Short Term: The pandemic fallout has accelerated the trend towards shorter term office leases. This will have a negative impact on valuations thanks to the large capital cost associated with re-tenanting space. However, there will be some offset since it will also allow office landlords to raise rents quicker when the economy […]