Category: REIT

California Pizza Kitchen Inc. had to cancel an auction to sell itself this week after no buyers bid for the company.

The loan forgiveness process for the small business loans has drawn complaints from the Government Accountability Office, according to Reuters. Ruby Tuesday has filed for Chapter 11, reports Boston Restaurant Talk. These are among today’s must reads from around the commercial real estate industry.

Going back to work in the physical world is proving to be a challenge to advisory firms that want to do it right.

The management agreements, which were set to expire in 2035, cover a hotel portfolio that spans across 31 states.

Despite in-person class policies that vary across the country, on paper occupancies at many off campus student housing properties remains high. That’s not helping deals go through, however.

Hotel owners are turning their properties into offices and schools, among other uses, reports The New York Times. The Wall Street Journal looks at ways the retail sector has changed since the onset of the pandemic. These are among today’s must reads from around the commercial real estate industry.

Homebound Inc. wants to help California communities rebuild, but safer, with resilient materials and barriers to buffer fires.

The Wall Street Journal looks at the different impacts the pandemic has had across the U.S. economy. Seventeen more retail chains that could go bankrupt, according to the Retail Dive. These are among today’s must reads from around the commercial real estate industry.

It’s the latest sign of how the pandemic and the related decline in office workers and tourists has hobbled city businesses.

Retail giant Amazon.com came under fire after reporting that almost 20,000 of its frontline workers, including from subsidiary Whole Foods Market, have been infected with COVID-19.