“While much of COVID-19 economic assistance has been provided for numerous markets, there may be opportunity for CRE owners to receive relief as well. The Helping Open Properties Endeavor Act of 2020 (HOPE Act of 2020) was introduced into Congress and would “require the Department of the Treasury to establish and administer a facility to guarantee certain preferred equity investments in commercial real estate borrowers affected by the COVID-19 pandemic.” (National Law Review) Those with commercial mortgage-backed securities (CMBS) loans would see relief from lenders as delinquencies have been on the rise. Supporters of the bill say it would finally address the pending crisis in CRE and help avoid foreclosures that would inevitably hit the U.S. economy. Commercial real estate borrowers’ stability could undoubtedly help small and large businesses alike to keep their doors open and survive the public health crisis.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

Logistics Real Estate Set For ‘Brisk Recovery’ In Prologis Report
Commercial Property Executive – July 30, 2020
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Who Is Responsible For Property Alterations Due To Coronavirus?
GlobeSt – July 24, 2020
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New Augmented Reality Game Lets Players Buy And Sell Real World Properties
Cision – July 22, 2020
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T E X A S   N E W S

Houston To Benefit From China Plus One Supply Chain Restructuring
GlobeSt – July 27, 2020
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Amazon Inks Full-Building Lease In Metro Austin
Commercial Property Executive – July 23, 2020
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Texas Ranks #1 For Business Climate
Connect Texas – July 30, 2020
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L3Harris Hired Hundreds This Year In DFW, And Plans
To Hire More Locally Despite COVID Challenges

Dallas Business Journal – July 29, 2020
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Fortune 500 Energy Company Vistra Confirms Pending HQ Move To Las Colinas
Dallas Business Journal – July 30, 2020
Read more

M I D W E S T   N E W S

The Clock Is Ticking On The Census, And Chicago Has A Lot To Lose
Bisnow – July 23, 2020
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Nearly $5M Office Redevelopment Planned For Downtown St. Louis
St. Louis Business Journal – July 29, 2020
Read more

2020-08-10T14:16:32+00:00