Department stores were already in trouble before the pandemic hit. Now some chains are on their last legs.
Malls and main-street shops, bastions of community commerce, were already under pressure after two years of weak retail sales, rising property taxes and the shift to e-commerce.
Critical missions and in-built safety procedures make life science assets seem like an attractive investment bet.
By prioritizing frontline healthcare workers’ needs, we will be able to keep seniors safe and healthy.
Wednesday, May 13, 2020 | 2:00 PM Eastern Daylight Time
J.C. Penney is in advanced talks for bankruptcy funding, reports the Wall Street Journal. The Fed will keep interest rates at near zero until at least 2023, according to Business Insider. These are among today’s must reads from around the commercial real estate industry.
Only one-third of Americans would feel safe shopping in a mall after store re-open, a recent survey shows.
Wednesday, May 20, 2020 | 2:00 PM Eastern Daylight Time
Luxury hotel owner Ashford Inc. ended up receiving $53 million from the government’s small business relief program, reports The New York Times. Construction workers are grateful to have jobs, but fear contagion, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
The Tech Sector Looks Well-Positioned to Survive the Pandemic. It Might Still Cut Back on New Leases
As tech firms prepare for employees to return to the office, some are downsizing to cut costs or pausing expansion plans.
The REIT lowered its guidance for the year amid a slowdown in new leases and rent cuts.
“We are already seeing actionable opportunities appear from the dislocation initially in structured credit and liquid markets,” according to Jon Gray.
Based on their year-to-date returns and growth prospects, NREI compiled a list of the REIT sectors that stand the best chance of weathering this economy.
Macy's considers taking on $5 billion in debt to survive through the pandemic, reports CNBC.. Rising insurance costs further squeeze apartment landlords’ profits, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate sector.
The tech giant was one of many in the filed that were in the midst of expansion pre-COVID 19.
There are three basic scenarios for how office tenants might respond to the pandemic.
The private equity firm has filed a court complaint that Victoria’s Secret parent L Brands has violated covenants of the purchase agreement.
For assets leased by essential service providers, the cap rates haven’t changed, says one market insider. “But if there’s any kind of hair on the deal… it’s not doing well.”
The FHFA is considering new steps to ease the strain on mortgage companies, reports the Wall Street Journal. The nursing home industry is facing rising costs at a time when it was already struggling to stay afloat, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
Bolster your preparedness plan with these 5 essential questions.