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August 5, 2020

'It's Been Devastating': Without Sports, Conventions, ATL Has Already Lost $640M
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Downtown Atlanta's status as a convention destination has benefited the region greatly. But this year, as the coronavirus pandemic has made large gatherings impossible, the city has missed out on $640M in expected revenue.

But Atlanta's tourism industry is banking on a return of big events in 2021 as all of the planned gatherings are still on track to take place, including college football's opening weekend, DragonCon and the SEC Championship game.

'It's Been Devastating': Without Conventions, Sports, Atlanta Has Already Lost $640M

Without a viable vaccine for the coronavirus, the city's most prominent tourism officials say the city would continue to lose millions in revenue from conventions and events in 2021 and beyond."If we get to the fall and we don't have a vaccine, then I think it's very likely it's going to threaten the…

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Fintech Company Eyeing Sandy Springs For Large Innovation Center
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A Minnesota-based financial services company has selected Sandy Springs for a major office location. Deluxe Corp. is expected to lease upward of 172K SF of office space somewhere in the Central Perimeter city, spending more than $10M on the build-out of the space, the Northside Neighbor reported. Sandy…

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CMBS Losses Post-Coronavirus May Spark New Questions About Underwriting

The commercial mortgage-backed securities market continues to struggle, with Trepp Analytics reporting a 9.6% delinquency rate as of July, up from 2.62% a year ago.

The increase has sparked some fear in investors and other stakeholders that interested parties will begin probing CMBS deals with a heightened sense of diligence. They will be looking for underwriting errors that occurred at the time of issuance to justify a second wave of mortgage-backed securities litigation.

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Urban Multifamily Dips In Q2 As Renters Look To Lower-Cost Areas
 

It’s earnings season, which means large multifamily owners and operators are beginning to release details of their financial performance during the second quarter.

Amid passable renewal rates and a lack of rent growth, some multifamily owners have reported that occupancy in urban multifamily assets fell during the second quarter, reflecting tenants’ shifting priorities in the face of the coronavirus pandemic. At the same time, developers of master-planned communities are setting new sales records, suggesting that the public health crisis and rise in remote work have inspired a more suburban, socially distant lifestyle.

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Origin Stories: Jodie Jiles Switched Careers On Advice From His Son

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

Transwestern Director of Business Development Jodie Jiles wasn’t always in the real estate business. Prior to joining the firm in 2012, Jiles had a career that started in accountancy and moved over into municipal finance and investment banking.

Traditionally, a parent provides sage career advice to their child. In Jiles’ case, the suggestion to enter the commercial real estate sector came from his own son, Clyde, a recent college graduate at the time.

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