Mention “mall,” “hotel,” or “land” to many commercial real estate lenders and it will likely be a short conversation – for good reason. Retail properties have been suffering for years due to the rapid growth of e-commerce. Hotel cash flows can be erratic, particularly when a pandemic comes along, and halts worldwide travel. Land values […]

There’s been a lot of reports lately that major cities like New York, San Francisco, Chicago and Los Angeles are losing thousands of people to the “glorious” states of Florida, Texas, and Nevada, to name a few. The suggestion is that the old Gateway Cities are done for, given their high taxes, cost of living, […]

To paraphrase Twain, rumors of the demise of student housing development for this year were greatly exaggerated. Student housing can be categorized as the collapse that never was. After a strong 2019, occupancy rates remained relatively strong in 2020, even during the prolonged lockdown and pandemic-related restrictions. In fact, the industry reported collections above 97 […]