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July 29, 2020

With Demand For Affordable Housing Rising, Funding Appetites Are Shrinking
[Webinar] South Florida Industrial Update: As This Pandemic Rages On, Is Industrial The Safest Asset? Find Out Aug. 4

To get affordable housing built, developers usually receive government tax credits that they in turn sell to investment partners and banks that use them to offset their tax liability. This year is anything but usual for banks, though — the three biggest ones in America are expecting such a huge drop in loan repayments that they set aside $28B to cover expected losses over the next three months.

With Demand For Affordable Housing Rising, Funding Appetites Are Shrinking

“You have to appreciate that these are uncertain times for some of our largest investors, and losses are never welcomed on any business platform," David Deutch, a partner at Pinnacle Housing Group, which has developed 9,000 units in Florida, Texas and Mississippi, said on a Bisnow affordable housing webinar last week. "If they…

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Florida Class-Action Suit Seeks To Force Insurers To Pay Out 'All Perils' Policies
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The Miracle Theater in Coral Gables opened in 1948 and has been a Miami-area landmark ever since. But its stages have been empty and its lights dark since mid-March, thanks to the coronavirus.Actors Playhouse Productions, the company that runs the theater, on Monday filed a federal lawsuit against its insurer,…

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There's A New Hurdle For EB-5 Financing

There's A New Hurdle For EB-5 Financing  

The federal EB-5 immigrant visa program has been a major source of funds for real estate development over the past decade or so. But conflicts, fraud and tighter program rules have made it a complex gamble for investors. New rules outlined last week have now thrown another wrench in the system.U.S.…

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Once Considered Expensive And Unnecessary, Touchless Tech Tools Are Catching On

Just a few months ago, touchless tools like app-controlled or voice-controlled doors, elevators and lighting seemed too fanciful or expensive for all but the highest-tiered Class-A luxury buildings, but the coronavirus has turned the commercial real estate industry's view of these amenities on its head.

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Origin Stories: AJ Wood's Journey From Soccer Champ To Tenant Rep
 

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Before he ever made a cold call to a commercial real estate client, AJ Wood had won four collegiate soccer championships, participated in the Olympics and played professional soccer for six years. 

Wood now represents office tenants for Cushman & Wakefield, working as a senior director in the firm's Tysons, Virginia, office. He began his commercial real estate career with Trammell Crow in 2004, two years after retiring from professional soccer. 

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