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LinkedInWorries About the Industry’s Health Prompt Decision to Rethink It’s Capital Plans, Halt Share Repurchases and Cap Dividends By Mark Heschmeyer (Via: CoStar News) July 2, 2020 | 07:11 AM The nation’s largest banks are facing a possible $47.6 billion loan loss on commercial real estate. This loss is expected over the next two years in the […]
California’s Split Roll Initiative Would Eliminate CRE Property Tax Cap
Split Roll Tax Advances Toward November Vote (VIA: Taylor Kendzora, Kidder Mathews) In November 2020, California voters will decide if property tax assessment calculations will be changed. The proposed Split Roll Ballot, called “The Schools and Communities First” initiative, seeks to increase property taxes by eliminating the existing annual assessment cap. Should the bill pass, many property owners […]
Loan Relief During Pandemic Likely Masking Extent of Distress
Capital Markets Enter Uncharted Territory as Billions in Forbearance Deals Approach Their End Dates A Federal Reserve survey of bankers said debt distress may not show up until the third quarter. (iStock) By Mark Heschmeyer (VIA: CoStar News) June 11, 2020 | 07:27 AM As the coronavirus pandemic and mitigation efforts rolled out across the country […]