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CRE Groups Condemn Mob Attack on U.S. Capitol


Many commercial real estate organizations issued statements denouncing a pro-Trump crowd s attack on the U.S. Capitol.
This story will be updated with additional industry comments as we receive them. 
The horrific scene of hundreds of armed, angry insurrectionists swarming the U.S. Capitol and briefly disrupting the certification of President-elect Biden s victory was quick to draw strong denunciations from commercial real estate industry groups. 
Four people died amid the mob s attacks on the building. One woman died after being fatally shot, while three others died after separate medical emergencies, according to D.C. Metropolitan Police. 
Mortgage Banker Assocation President and CEO Bob Broeksmit, CMB, issued the following statement in the immediate wake of the violence yesterday, before Congress reconvened later in the day to finish its certification process: ....

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Real Estate Industry Reacts to Insurrection of Trump Supporters


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(Clockwise from top left) Stephen Schwarzman of Blackstone Group, James Whelan of the Real Estate Board of New York, Jorge Pérez of the Related Group and Scott Rechler of RXR Realty denounced Wednesday’s siege on the Capitol Building (Getty)
After a pro-Trump mob stormed the U.S. Capitol Building Wednesday, business and real estate leaders even those who once supported the president condemned his actions and the day’s events.
Blackstone Group’s Stephen Schwarzman, President Donald Trump’s largest Wall Street campaign contributor in 2020, denounced the incursion and traced it to the commander in chief. ....

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$600 Stimulus Check Barely Covers One-Tenth of Predicted Rent, Utility Arrears


$600 Stimulus Check Barely Covers One-Tenth of Predicted Rent, Utility Arrears
On 12/21/20 at 8:00 AM EST
The $600 stimulus checks included in the second coronavirus relief will bill barely cover a tenth of the rent and utility debts faced by millions of Americans, who could be staring down almost $6,000 worth of arrears by 2021.
A Moody s Analytics forecast released earlier this month said that almost 12 million renters faced average rent and utility debts of $5,850 in the new year. The estimate is almost ten times the size of the $600 checks offered in Congress second COVID-19 stimulus package.
The much-anticipated relief bill is also expected to include an extended eviction moratorium and $25 billion in rent relief a little over a third of the overall debt tenants could face in January. ....

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More Oregonians are struggling to keep up with rental payments


More Oregonians are struggling to keep up with rental payments
Updated Dec 16, 2020;
Posted Dec 16, 2020
A sign advertises apartments for rent in North Portland. LC- Elliot Njus/The OregonianLC- Elliot Njus/The Oregonian
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Oregon renters are having a harder time paying their rent and are accumulating more debt as resources from federal relief programs run out, according to housing groups.
According to data compiled by RealPage, a company that provides property management software, a quarter of Oregonians did not pay their rent on time in December. Those numbers were down more than 17 percentage points from Dec. 6 of last year when more than 92% of Oregon tenants had made full or partial rental payments. ....

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