Industry News
Commercial Real Estate
Top stories summarized by our editors
11/20/2020

In the early days of the pandemic, some analysts predicted a steep drop in dividends as companies looked to preserve cash, but that has not happened. Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, predicts that the total decline for dividends in the S&P 500 will be just 0.67%.

11/20/2020

Lumber futures reached $616.90 per thousand board feet at Thursday's close -- up 24% for the month and almost 90% above the typical figure for boards delivered in January. "By any historical standards, this is just incredibly strong pricing," says Devin Stockfish, CEO of Weyerhaeuser Co.

11/20/2020

The RMR Group is targeting the acquisition of industrial and logistics properties with the closing of a $680 million fund. Industrial Logistics Properties Trust is one of the investors.

11/20/2020

Vantage Data Centers and Digital Colony are planning to pursue opportunities with acquisitions and development projects in Europe and North America and have raised $1.3 billion to support the effort.

11/20/2020

AGNC Investment, an mREIT with a portfolio concentrated in agency residential pass-through certificates and collateralized mortgage obligations, has successfully navigated the market disruption of the pandemic. "Looking back on it, as difficult as it was -- and it was extreme -- it showed our business model works and going through this validated that," says President and COO Peter Federico, discussing the mREIT's experiences in March.

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11/20/2020

Missed retail rent payments have reached $52 billion since April, according to CoStar Group, although some of the money may have been paid back already. These delinquent bills create problems for landlords and could add an extra drag to retailers dealing with other financial challenges.

11/20/2020

PotlatchDeltic Corp. has sold 72,440 acres in northern Minnesota to The Conservation Fund in a transaction worth nearly $48 million. The objective is for the land, which stretches across 14 counties, to be added to existing public land designations.

11/20/2020

Blackstone Real Estate Income Trust has acquired 24 industrial properties in North Carolina in two transactions totaling $211 million. The properties are in Greensboro and Durham, and the sellers were Highwoods Properties and Strategic Capital Partners.

11/20/2020

Charlie Oppler, incoming president of the National Association of Realtors, said the industry played a part in exacerbating racial inequality and owes an apology for its past mistakes. "What Realtors did was an outrage to our morals and our ideals," Oppler said. "It was a betrayal of our commitment to fairness and equality."

11/20/2020

Federal Housing Finance Agency head Mark Calabria wants to accelerate efforts to remove Fannie Mae and Freddie Mac from government control but still needs to reach an agreement on the details with Treasury Secretary Steven Mnuchin, sources say. Completing the process before the end of President Donald Trump's term could be difficult, but it might be possible to implement changes that it would be difficult for the next administration to reverse.