{"id":1004397461,"date":"2020-03-04T06:31:13","date_gmt":"2020-03-04T14:31:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004397461"},"modified":"2020-03-06T06:32:41","modified_gmt":"2020-03-06T14:32:41","slug":"daily-reads-march-4-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-4-2020\/","title":{"rendered":"DAILY READS: March 4, 2020"},"content":{"rendered":"<p id=\"link-41694cbf\" class=\"css-fnr6md e1h9rw200\"><strong><span class=\"balancedHeadline\">With Disney, a Manhattan Neighborhood Reinvents Itself<\/span><\/strong><\/p>\n<p>&#8220;When the Walt Disney Company announced in 2018 that it would leave its longtime home on the Upper West Side of Manhattan for a former manufacturing district downtown named Hudson Square, some people may have scratched their heads.&#8221; <a href=\"https:\/\/www.nytimes.com\/2020\/03\/03\/business\/disney-hudson-square.html\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>New York Times<\/em><\/p>\n<p><strong>Real Estate Borrowers Are Keeping Their Distance From SOFR, for Now<\/strong><\/p>\n<p>&#8220;For borrowers, there is currently a divide in the market over SOFR\u2019s prospects, mainly around its duration flexibility, its liquidity as it relates to the market for purchasing caps and forward rate locks and spread adjustments to account for the differences between the two indices. &#8221; <a href=\"https:\/\/commercialobserver.com\/2020\/03\/libor-expiration-nears-borrowers-keep-distance-sofr\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Commercial Observer<\/em><\/p>\n<p class=\"lede-text-v2__hed\"><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004397485\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-4-2020\/global-real-estate\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg\" data-orig-size=\"811,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"global real estate\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg?w=811\" class=\"size-medium wp-image-1004397485 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg\" alt=\"\" width=\"300\" height=\"229\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg 811w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg?resize=300,229 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/global-real-estate.jpg?resize=768,587 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Global Property Deals Stall as Virus Keeps China Money Home<\/strong><\/p>\n<p>&#8220;Eric Marrus, a real estate broker at Compass in New York, walked through a&nbsp;<span class=\"\" data-value=\"7500000\" data-original=\"$7.5 million\" data-symbol=\"$\">$7.5 million<\/span>&nbsp;townhouse in Manhattan\u2019s Lenox Hill neighborhood last week, pointing his phone into every corner of the property.&nbsp; He was conducting a virtual tour via WhatsApp for a Chinese couple unable to visit the home together because of coronavirus travel restrictions.&#8221; <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-02\/virus-hits-luxury-real-estate-with-chinese-money-staying-home\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Bloomberg<\/em><\/p>\n<p class=\"c-page-title\"><strong>2020 Pritzker Prize goes to Yvonne Farrell and Shelley McNamara<\/strong><\/p>\n<p>&#8220;Farrell and McNamara are the first female pair to nab the prize, as well as the first two recipients from Ireland. This honor comes after the duo\u2019s recent international recognition as curators of the 2018 Venice Architecture Biennale, an accomplishment the jury noted as evidence of their &#8216;belief in collaboration&#8217; and &#8216;generosity towards their colleagues.'&#8221; <a href=\"https:\/\/www.curbed.com\/2020\/3\/3\/21158374\/pritzker-prize-2020-winner-yvonne-farrell-shelley-mcnamara-grafton-architects\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Curbed<\/em><\/p>\n<p><strong>Nuveen Real Estate Acquires Japan Multifamily Portfolio for $140M<\/strong><\/p>\n<p>&#8220;Nuveen said in a statement that the firm had acquired the 10 residential properties in Tokyo and Osaka on behalf of its open-ended Asia Pacific Cities fund, while a source close to the transaction confirmed to <em>Mingtiandi<\/em> that they had been acquired from Hong Kong\u2019s PAG.&#8221; <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/finance-real-estate\/nuveen-acquires-multifamily-portfolio-in-japan-for-140m\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more|<\/a><br \/>\n<em>Mingtiandi<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nuveen buys in Japan. Pritzker Prize makes history. Why real estate borrowers are avoiding SOFR. Here&#8217;s a batch of other critical content for you to read, listen to or watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004397485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004397461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DAILY READS: March 4, 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-4-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: March 4, 2020\" \/>\n<meta property=\"og:description\" content=\"Nuveen buys in Japan. 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