The company’s Chapter 11 filing in its home city of Houston listed assets and liabilities of between $500 million and $1 billion each.
How one investment management firm has been able to stay active in a market turned upside down.
A shopping center owner discusses rent relief requests, reopening plans and the outlook for experiential retail.
Some New Yorkers are permanently making the switch to the suburbs due to the coronavirus, reports The New York Times. More households paid their rent in the first week of May than expected, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
The firm’s Strategic Property Fund has expanded its joint venture with American Homes 4 Rent to $625 million.
Neiman Marcus filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The New York Times looks at how the disaster wrought by COVID-19 at nursing homes has been years in the making. These are among today’s must reads from around the commercial real estate industry.
In the Wake of the Pandemic, Health and Social Issues Gain in Prominence among ESG-Focused Investors
ESG investors are paying attention to how REITs treat their workers and tenants during a crisis.
From tracing apps to strictly enforced rules on the use of masks, office landlords prepare for eventual reopening.
Prologis Inc. is seeing growing demand for warehouse space.
The chain is being sued by its landlord for not paying rent at its store at 1212 Avenue of the Americas in New York City.
The New York Times looks at which businesses are the safest to visit. The fate of the Chrysler Building hangs in the balance, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.
New leases in the city sank to lowest first-quarter level since 2009.
Most of the legislation’s provisions relax changes made by the 2017 Tax Cuts and Jobs Act.
The sector was already facing massive challenges. With consumers unlikely to return to malls anytime soon, some chains will disappear.
New technologies let apartments shoppers to check out potential homes without ever being in the presence of a leasing agent.
CMBS special servicers are bracing for the worst crash of their careers.
The fund is planning on annual returns of 13 percent to 16 percent before fees.
The New York Times looks at how coronavirus has threatened the long-term push for denser housing. Forty-seven percent of Vornado Realty Trust’s retail tenants did not pay rent for the month of April, reports Crain’s New York Business. These are among today’s must reads from around the commercial real estate industry.
Industry still faces questions on evictions guidance and emergency rental assistance.
Zell expects some amount of social distancing and working from home to persist long after the acute phase of the outbreak is over, possibly for years.