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Eight Must Reads for the CRE Industry Today (Jan. 20, 2021) Developers find converting vacant malls into other uses is not as simple as it sounds, reports the Wall Street Journal. A report by real estate services firm Colliers International found there will likely be significantly ramped up investment in commercial real estate in the second half of the year. These are among today’s must reads from around the commercial real estate industry. CRE Investors Might Have Missed the Window for Distress“In the last downturn, some CRE investors were able to scoop up distressed assets by this point in the cycle. But so far, those conditions haven’t materialized in the Covid-19 crisis, according to Real Capital Analytics.” ( ....
When Evictions Loom, Pets Are Also at Risk Adoptions set a record in the U.S. early in the pandemic, but now millions of animals could be in danger of being abandoned or returned to shelters. Belgine Deshommes, 15, with one of her cats, Luna Bear, at her family’s rental home in St. Ann, Mo. Belgine’s parents both lost their jobs early in the pandemic, and her family moved from New York to Missouri in search of more affordable housing. But pet rent and pet deposits made the search difficult, and the cats ended up in foster care for months before being reunited with their owners.Credit.Whitney Curtis for The New York Times ....