Ventas Inc. is cutting corporate positions and reducing executive salaries to maintain financial strength, reports Senior Housing News. More guidelines and strategies emerge for restaurants reopening in major cities. These are among today’s must reads from around the commercial real estate industry.
The near-shoring of manufacturing to Mexico may shift more traffic toward Texas.
Since early March, at least five retirement communities have missed a debt payment, draw on reserves or violated bond covenants.
The workplace provider has interviewed investment banks about a potential listing in 2021.
Multifamily investors want to buy properties, but are waiting for clarity on price discovery before pulling the trigger on deals.
The United States is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans, according to the The New York Times. The U.S. division of bakery chain Le Pain Quotidien filed for bankruptcy, reports the Wall Street Journal. These are among today's must reads from around the commercial real estate industry.
As corporate tenants figure out how much space they may need in the long term, office landlords have little choice but to be flexible.
A lot of property management technologies will go from “nice to have” to a minimum requirement in the next year.
The company plans to close about a third of its 687 stores.
The closing of the Kalahari water park and resort triggered a default on a $347 million loan.
McDonald’s Corp. is facing a class-action lawsuit seeking compliance with health guidelines, reports Reuters. Construction work on a nine-story wooden mixed-use building continues in Cleveland, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
The bank is planning to start returning its workforce to offices in phases.
A survey of 1,000 fitness club users showed more than a third have cancelled or plan to cancel their gym memberships.
A J.C. Penney REIT Is an ‘Odd Value Proposition’ in Today’s Climate. But its Stores Could Attract a Wealthy Buyer
Given unraveling retail rents, a J.C. Penney REIT might be a tough sell in this environment. But the chain’s stores might become a goldmine for Amazon.
Americans are itching to get back to a sense of normalcy. Here are ways building owners and managers are making that happen safely.
New analysis from CoStar showed that 14 of the 20 largest mall tenants are either apparel retailers or department stores, including several names that have now filed for bankruptcy. The National Association of Home Builders index on build confidence has fallen to Great Recession levels, reports Million Acres. These are among today’s must reads from around the commercial real estate industry.
Some underwriting standards across the board have being tightened up as lenders begin to finance deals again.
The lawsuit by the lenders called the reorganization a “corporate shell game.”
Scotiabank is the first large Canadian lender to report second-quarter results.
How the response to COVID-19 is driving demand for more outdoor space.