Lenders learned some hard lessons in the last recession that are now being put to work to mitigate future refinancing risk. “We’re nowhere near the same place that we were back before the Great Financial Crisis,” says Tom Genetti, a managing director at capital services provider Berkadia. “I think the discipline being shown in the marketplace today is substantially higher."
The Institute of Real Estate Management has a long history of opposition to government control of rents. It’s vital that property owners have the right to seek rents that encourage investment in new construction, as well as enhancements to existing properties.
The real estate market in New York is not in a 'free fall', according to Forbes. Online brand Allbirds plans to double its physical footprint next year, reports the AP. These are among today's must reads from around the commercial real estate industry.
