Retailers brace for a sluggish holiday sales season, reports the Wall Street Journal. Owner of the sixth-largest cinema chain in the U.S. say it is months away from bankruptcy, reports CNBC. These are among today’s must reads from around the commercial real estate industry.
Co-Sharing Medical Spaces Gain in Popularity During the Pandemic
The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.
The Bitter End and Other Concert Venues Say They Won’t Survive Without a Bailout
Thousands of club owners are pleading with Congress for a financial lifeline until they can welcome music fans back.
Europe Prepares New Virus Curbs as Leaders Weigh Hit to Economy
Leaders in European countries are urging pandemic-weary citizens to toe the line.
13 Must Reads for the CRE Industry Today (Oct. 12, 2020)
Pay cuts for tech employees relocating from Silicon Valley to lower cost markets have raised tensions at the firms, according to The Wall Street Journal. Property developer Lendlease is making a $1 billion bet on Brooklyn, reports CommercialRealEstate.com.au. These are among today’s must reads from around the commercial real estate industry.
The Fed Still Has a Powder Keg at Its Disposal: Brian Chappatta
Suppose that instead of viewing bond purchases in the context of financial markets, central bankers instead linked them more closely to fiscal policy initiatives.
Some Multifamily Borrowers are Struggling to Find Small Balance Loans
Terms are becoming more stringent on the financing deals that are closing amid the COVID-19 crisis.
Nine Must Reads for the CRE Industry Today (October 10, 2020)
Renters and buyers are beginning to return to the New York City residential real estate market, reports The New York Times. The Wall Street Journal looks at the different approaches adopted by California and Florida to reopen their economies during the pandemic. These are among today’s must reads from around the commercial real estate industry.
With Prices Down $200 Per Room, NYC Hotels Brace for More Pain
October is often New York hotels’ busiest month. Last week, occupancy was hovering under 40 percent.
12 Must Reads for the CRE Industry Today (Oct. 9, 2020)
The National Multifamily Housing Council’s Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment for the month by October 6. Dollar General to open stores aimed at more high-income shoppers, reports the Wall Street Journal. These are today’s must reads from around the commercial real estate industry.