The second annual CRE CLO Conference, which took place in New York on Oct. 10, featured financing practitioners discussing the continuing evolution of the commercial real estate collateralized loan obligations space. Here are the main takeaways from the conference:
Industrial users are expected to absorb about half as much space quarterly over the next two years as they did in 2018 and 2019, when quarterly absorption averaged 60 million sq. ft., according to the semi-annual Industrial Space Demand Forecast from the National Association of Industrial and Office Properties (NAIOP).
WeWork’s main U.K. unit saw losses balloon tenfold last year and revenues nearly double, but these numbers give investors only a partial view of how the company’s doing in one of its largest markets.
As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis of Federal Emergency Management Agency data.
The Federal Reserve is rolling bank some post-crisis bank rules to ease liquidity, reports the Wall Street Journal. Victoria’s Secret is laying off a substantial portion of employees at its corporate headquarters, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
