In this episode of WMRE's Common Area, Cushman & Wakefield's David C. Smith discusses the firm's research and insights into how firms are planning returns to offices. Brought to you by Moody's Analytics CRE
“This feels like they bought way too many homes and they’re trying to work off that excess supply,” said Jonathan Miller, president of appraisal firm Miller Samuel.
Rising rents are putting pressure on Americans who were already facing eviction, according to The New York Times. After 18 months of efforts, Hudson’s Bay company successfully modified a CMBS loan on a portfolio of Lord & Taylor and Saks department stores, reports Commercial Observer. These are among today’s must reads from around the commercial real estate industry.