Commercial Real Estate & Business News – May 15, 2020

Lenders Make Adjustments After Initial Shock of Pandemic
U.S. commercial real estate lenders are going through a period of price discovery following the onset of the coronavirus pandemic. Some remain active, but at a higher cost to borrowers depending on property and loan type. Commercial and multifamily mortgage loan originations decreased…»
Is Curbside Pickup a Long-Term Strategy or Short-Term Fix?
As the COVID-19 pandemic continues to wreak havoc on the U.S. retail sector and alter the way people shop, big retail landlords are implementing curbside pickup programs to help their tenants ramp up sales as the economy begins to reopen. Kimco Realty Corp. and Federal Realty…»
As Distressed Loans Surge, CMBS Borrowers See Control Shift to Special Servicers
The volume of commercial mortgage-backed security loans in need of help surged in April and may only be a precedent to a bigger escalation yet to come. That swell has put borrowers of currently more than $23 billion in loans at the mercy of special servicers: a small group of firms assigned…»
ZOOM Will Open R&D Center in Phoenix, Plans to Hire Hundreds
Zoom Video Communications, Inc. today announced that it will open two new research and development centers – one in the greater Phoenix, Arizona area and one in Pittsburgh, Pennsylvania. Zoom will immediately begin recruiting software engineering talent in these geographies…»
Property Owners Can Get Pandemic Relief Through Tax Disaster Claims
As the economic fallout from COVID-19 has engulfed the nation, commercial property owners are looking for any kind of relief they can find as their tenants ask for help with rent. One kind of relief that landlords might miss are property tax disaster relief claims, which allows owners to lower and even…»