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August 10, 2021

As New Eviction Moratorium Is Ushered In, Frustrated Landlords Are Still Waiting For Rental Assistance

[In-Person] Beck Ventures CEO Scott Beck discusses the final phases of Trophy Club Town Center Sept. 21

Covid-19 cases and hospitalizations are soaring across the U.S., the latest surge in a pandemic that continues to affect the health and livelihoods of both tenants and landlords.

As cases began to skyrocket in July, the Centers for Disease Control and Prevention’s first eviction moratorium came to an end. Unable to extend that order any further, the CDC issued a new moratorium in early August, specifically targeting areas suffering from elevated levels of transmission.

It’s a welcome reprieve for some tenants, but another blow for landlords struggling with delinquent rent and payments of their own. Billions of dollars in rental assistance have been made available, yet the glacial pace of distribution has left landlords wondering if relief will ever come.

“The fact that there has been [at least] $45B of rent relief approved by the federal government and less than $4B distributed to renters is a problem,” Camden Property Trust CEO Ric Campo told Bisnow. “The CDC moratorium is a blunt policy mechanism that has stopped evictions that are not just about past due rents.”

As New Eviction Moratorium Is Ushered In, Frustrated Landlords Are Still Waiting For Rental Assistance

On Aug. 3, the CDC issued a new 60-day moratorium on residential evictions for areas impacted by the highly infectious delta variant. The new eviction ban is intended to target specific areas of the country where cases are rapidly increasing, a…

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Cushman & Wakefield To Invest $150M In SPAC Buying WeWork

Cushman & Wakefield is in talks to invest $150M in the special-purpose acquisition company that is planning to take coworking company WeWork public, according to a report by The Wall Street Journal.

Cushman & Wakefield To Invest $150M In SPAC Buying WeWork

The investment will result in a partnership of some kind between the real estate services giant and WeWork, though the details aren't settled yet, Cushman & Wakefield Chief Investment Officer Nathaniel Robinson told the WSJ.Other major brokerages are forming alliances with WeWork competitors. Early this year, Newmark Group struck a deal…

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Hines Raises $750M Fund, Sets Sights On U.S. Multifamily And Industrial

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Bisnow's new podcast series, Office Politics: The Battle For The Future Of Work, is an in-depth examination into the raging debate surrounding when and where we work, and how that will affect not just how we use offices, but the operation of society itself. Featuring academics, authors, business leaders and workers, weekly episodes will look at how the potential shift to more remote work will affect productivity and the economy, social equality and workplace diversity, human psychology, the fight against climate change and the future of cities. You can subscribe on iTunesSpotify and Amazon Music.

The move to allow people greater freedom to work from home has been heralded as a potential boost for social equality and workplace diversity — but, if business leaders aren't careful, it has the potential to make things worse.

Without well-thought-out policies that examine the potential consequences of white-collar workers no longer gathering in the same place to work every day, countries like the U.S. and UK could see already stark wage inequality between high and low earners grow. And the concentration of white middle-class men at the top…

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