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October 14, 2021

With Libor On Its Way Out, CRE Faces More Complex Lending Landscape

Marriott Global Development Officer Noah Silverman weighs in on conversions, soft brands and extended-stay Oct. 19

The deadline for lenders to phase out the Libor — the rate that determines the interest paid on the majority of commercial real estate loans — is less than three months away, and most lenders have coalesced around a new benchmark rate.

With Libor On Its Way Out, Commercial Real Estate Faces More Complex Lending Landscape

The Federal Reserve has endorsed a replacement in SOFR, which stands for Secured Overnight Financing Rate, but not required it, and lending experts say the presence of other rates in the market could potentially cause complications…

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Early Education Center Signs Lease Near Amazon HQ2

Early Education Center Signs Lease Near Amazon HQ2

The thousands of employees moving into Amazon's HQ2 campus will soon have a new childcare option nearby. Primrose Schools, an early education and care provider, signed an 18,500 SF lease on the first floor of the 

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Fairfax Office Building Sells For $55M

Fairfax Office Building Sells For $55M

An office building in the D.C. suburbs has sold for over $55M after undergoing a major renovation. Opal Holdings, a New York-based investment firm, acquired the building at 12601 Fair Lakes Circle in Fairfax, with Newmark brokering the deal, the brokerage firm announced…

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Rental Assistance Payouts May Be Speeding Up, But Victory Over Mass Evictions Is Not Assured

 

Distribution of federal Emergency Rental Assistance funding has finally picked up speed in the six weeks since the Supreme Court struck down the Centers for Disease Control and Prevention’s second eviction moratorium, fueling optimism from some — though by no means all — that the feared wave of evictions might have been successfully avoided.

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