Commercial Real Estate & Business News – March 24, 2020

What Can the Fed Do to Help Main Street, Not Wall Street?
The market continued its downward trajectory on Monday in spite of a sweeping pledge from the Federal Reserve to support the economy as coronavirus shutdowns accelerated around the country. With consumer spending crippled by “stay at home” orders, many workplaces…»
Multifamily Industry Responds to Coronavirus Pandemic
The multifamily housing industry is mobilizing to help residents and employees as the novel coronavirus (COVID-19) outbreak continues to escalate nationwide. Property owners and managers across the nation are putting plans in place to assist their residents…»
Fed Announces Unlimited Bond Purchases, Will Buy Apartment CMBS
In an extraordinary move to keep credit lines open, the Federal Reserve announced Monday morning that it would not put a cap on its purchases of Treasury and mortgage securities. It also said that it would begin purchasing CMBS that are issued by the GSEs, keeping the flow of capital to apartment buildings open. This is the first…»
Valley Commercial Real Estate Industry Braces for Coronavirus Fallout
The outbreak of coronavirus has already had swift effects on several business sectors around the country, and the commercial real estate industry is looking for ways to best prepare for immediate issues such as tenants unable to pay rent, possible construction delays…»
The Monday Morning Quarterback
It’s been a week since I wrote the last MMQ.  It seems like a lot longer ago than that.  The changes that occurred this past week in response to the Coronavirus have really changed the world for most people. The number of Covid-19 cases are still expanding…»