Commercial Real Estate & Business News – August 28, 2020

Freddie, Fannie Keep Capital Flowing to Multifamily Borrowers
Freddie Mac and Fannie Mae are on track to lend nearly as many dollars to apartment properties in 2020 as they did in 2019. They have even loosened rules created in the early months of the COVID-19 crisis that required new multifamily borrowers keep enough reserves on hand to ensure they could…»
COVID Causing One Sector of Commercial Market to Diverge From Others
By not losing, the industrial property sector was the big Q2 winner in the U.S. commercial real estate market. That’s the takeaway from UBS Asset Management’s quarterly Real Estate Outlook. Data showed total returns hovering around zero for apartments and office space, and negative returns for hotels…»
Homebuilders Continue Hot Valley Growth as New Permits Surge in July
Homebuilders around the Valley have increased the number of single-family building permits pulled for the third-straight month, shaking off the effects of the coronavirus that stalled growth in the spring. Meritage Homes Corp. (NYSE: MTH) pulled the most single-family building permits in July around…»
All Maricopa County Bars, Gyms, Movie Theaters Given Go-ahead to Reopen
The Arizona Department of Health Services announced Thursday that Phoenix-area businesses that had been closed to slow the spread of Covid-19 will be allowed to start reopening at limited capacity. Maricopa County, which includes most of the Valley, has met the state’s “moderate” category…»
Fed Announces Landmark Policy Shift to Spur Inflation, Job Growth, Keeping Rates Low Longer
The Federal Reserve on Thursday adopted a historic shift in its approach to interest-rate policy that places more emphasis on boosting employment and allows inflation to rise above the Fed’s 2% target during economic expansions, keeping rates lower for longer. In the current COVID-19-induced…»