NREI spoke with Todd Goldberg, managing director at PGIM Real Estate, to discuss how the pandemic has changed the firm’s investment strategy and what to expect from the investment market going forward.
The coronavirus pandemic may have kept some commercial real estate investors largely on the sidelines, but real estate investment manager Black Creek Group LLC has unquestionably taken the field. In a Q&A with NREI , Black Creek Group CEO Raj Dhanda shares his thoughts on a number of subjects, such as how retail has experienced a divide between essential and non-essential businesses, why the office sector is “far from dead” and why “boutique” suburban office properties are now attractive.
Bond investors who wagered on a group of malls owned by Barry Sternlicht’s Starwood Capital Group are starting to take losses after the Covid-19 pandemic shuttered stores and wiped out emergency cash reserves that had been keeping interest payments flowing.
The National Apartment Association has filed a lawsuit challenging the national eviction moratorium ordered by the U.S. Centers for Disease Control and Prevention earlier this month, reports GlobeSt.com. Over the weekend, the port of Savannah, Ga., welcomed the largest container ship to ever dock on the East Coast, according to MarineLog.com. These are among today’s must reads from around the commercial real estate industry.
