National

Bay Area cities are approving affordable housing developments, reports the San Francisco Chronicle. The Federal Housing Finance Agency is mandating multifamily property owners with government-backed loans in forbearance to inform renters about the eviction protections that extend to them, according to Forbes. These are among today’s must reads from around the commercial real estate industry.

The IPO for Rocket Companies, the parent of Detroit-based Quicken Loans, was fueled by a super hot mortgage market and the popularity of IPOs.

Many businesses are hiring temporary workers and contractors because they can be easily let go if the economy turns south again

The apartment rental market comprised of units priced at $22,000 a month and more has seen a 75 percent drop in listings.

Hotel operators are looking at a recovery that's going to be tougher than the one after the Great Recession.

Mark Hefner, of MGO Realty Advisors, talks about how office investors can pivot successfully during the pandemic.

Eighty-three percent of New York City restaurants are unable to pay their rent, reports the New York Post. The survival of J.C. Penney hangs on urgent sale negotiations, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

The private equity firm plans to focus on properties in secondary and tertiary markets in the Southeast.

Credit unions are an attractive option for borrowers who are seeing fewer lender bids, particularly from banks and debt funds.

The parent company of suit sellers Men's Wearhouse and Jos. A. Bank filed for Chapter 11 bankruptcy Sunday amid store closings. See the list.

MGM Resorts posted a 91 percent decline in quarterly revenue, reports the Wall Street Journal. SL Realty is looking to sell an office property in the Hudson Yards area, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.

The company has reached an agreement with a majority of its senior creditors on a restructuring plan.

Fannie Mae reported a partial recovery in earnings in the second quarter, according to the Wall Street Journal. The majority of REITs will be dealing with water scarcity within a decade, reports Chief Investment Officer. These are among today’s must reads from around the commercial real estate industry.

COVID-19 is making companies reevaluate their office space needs. Some are opting for consolidation.