| Apartment REIT Reports Lowest Turnover in Its History Camden Property Trust, a Houston-based real estate investment trust with 56,000 apartment units across the country, said about 2.5% of tenants deferred rent and 3.2% were delinquent in April as it had the lowest turnover in its history. In preparation for an uncertain…» WeWork’s Woes Cause Mortgage-Backed Bonds to Tumble WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling into the commercial mortgage market, sending the price of bonds backed by the company’s payments tumbling. The provider of shared office space has moved aggressively to cut costs as swaths of its tenants…» Metro Phoenix Rents Climb 3 Times as Fast as US Average. Will Eviction Aid be Enough? Metro Phoenix rents climbed nearly three times as fast as the average U.S. increase during the past 12 months, despite a slight reprieve for tenants last month.Apartment rents flattened but didn’t plummet in metro Phoenix during April, as thousands of tenants struggled to pay or move…» A Look at What the COVID-19 Crisis Has Been Like for One Retail Landlord “What do we do about tenants asking for rent relief?” “How can we make sure that when we reopen, we can do so safely?” “How many of our retailers will be left standing when the COVID-19 crisis is over?” These are questions that are now painfully familiar to retail…» Phoenix Sees Surge in Warehouse Activity in Q1 Phoenix had a first quarter surge in warehouse activity, undeterred by the onset of the coronavirus pandemic and subsequent shelter-in-doors restrictions. According to a report from Colliers International, Phoenix had its third strongest quarter performance in industrial sales volumes since 3Q10 with $833 million in sales…» |