The 30+ days CMBS delinquency rate continued its downward trend in October 2019. The all-property delinquency rate fell to 2.47 percent during the month, according to Trepp, a decline of 4 basis points from the month before and 95 basis points from the year-ago period. Fitch Ratings estimates that the all-property CMBS delinquency rate fell 3 basis points in October, to 1.66 percent.
Read Full Article: https://www.nreionline.com/cmbs/cmbs-delinquency-rate-dips-october
One useful strategy is for the CEO to have a 30-minute call with each Board member individually before a Board meeting, previewing what will be presented at the meeting. This will allow the CEO to inform the members in advance and obtain advice that might impact what is actually presented at the Board meeting.
Read Full Article: https://www.allbusiness.com/startup-lessons-ceos-founders-124564-1.html/2
WASHINGTON, D.C. — As WeWork tries to right its ship following its disastrous IPO attempt, it is opening several large, new spaces in the D.C. market that will add hundreds of thousands of square feet to its portfolio.
As it attempts to fill those spaces, it will do so with a radically different corporate outlook: The company is laying off 2,400 employees, has a new chairman and co-CEOs and is grappling with mounting losses: $1.25B in the third quarter alone.
Read Full Article: https://www.bisnow.com/washington-dc/news/coworking/wework-targets-large-users-as-it-opens-a-series-of-huge-new-dc-spaces-101896
Private Companies Have Another Year To Deal With New Lease Accounting Standards, And They'll Probably Need It
The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to do so beginning in their first fiscal year after Dec. 15, 2020, rather than after Dec. 15, 2019, as originally planned.
Read Full Article: https://www.bisnow.com/national/news/office/new-deadline-for-lease-accounting-is-2021-but-its-still-a-deadline-101586
Between them, Blackstone and Prologis have made more than $38 billion in warehouse acquisitions in 2019.
Blackstone Group Inc. and real estate investment trust Prologis Inc. are locked in an Amazon-fueled acquisition battle, gobbling up U.S. warehouse space in a bid to profit from rising consumer demand for fast shipping.
Read Full Article: https://www.nreionline.com/industrial/two-companies-are-dominating-battle-warehouse-space
Veteran-owned businesses are an important engine of economic growth. New research from Experian has found that veterans tend to own and operate business with a larger employee base, and veteran-owned businesses have better longevity and sustainability than non veteran-owned business.
Read Full Article: https://www.allbusiness.com/veteran-entrepreneur-programs-123839-1.html
Data from both Real Capital Analytics and the CoStar Group shows sales volumes declining in most of the core CRE sectors.
Evidence continues to mount that real estate investors are becoming more cautious as investment sales volume in the third quarter fell 6.0 percent compared to the year prior, to $151 billion, according to research firm Real Capital Analytics (RCA). However in two of the sectors RCA tracks—industrial and hotel—sales volumes rose by double digits relative to the same period in 2018.
Read Full Article: https://www.nreionline.com/finance-investment/third-quarter-sales-volume-declines-investors-grapple-high-pricing
Online retail is addicted to speed, especially as Amazon ups the game to make same-day delivery seem normal. That puts the squeeze on everyone else to deliver faster, but it isn't clear yet how much more speed industrial real estate — existing and planned — can support in the decade ahead.
Read Full Article: https://www.bisnow.com/national/news/industrial/will-last-mile-logistics-be-up-to-the-task-of-supporting-e-commerce-in-the-2020s-101478
Small business grants are perhaps the most coveted of all types of small business funding. Grants don’t have to be repaid and, unlike equity funding, you don’t give up any ownership of your company. (The IRS does want its share, though, so be prepared for a tax bill.)
Read Full Article: https://www.allbusiness.com/small-business-grant-entrepreneurs-strategies-123352-1.html
In a news release, Caesars said it was selling the Las Vegas property to a principal of Imperial Companies, a New York-based real estate firm, for $516.3 million.
Under terms of the agreement, Caesars will continue to operate the property while paying $45 million annually in rent under a lease that will run for at least two years.
Read Full Article: https://lasvegassun.com/news/2019/sep/23/caesars-announces-sale-of-rio-for-516-million/