After months of speculation, mall owners PREIT and CBL & Associates Properties made it official and both filed for Chapter 11 bankruptcy protection on Sunday, reports CNBC. New York has implemented new polices requiring travelers to take COVID-19 test within three days before traveling and three days after entering the city. These are among today’s must reads from around the commercial real estate industry.
A Guide to the 2020 Election for CRE Pros
In addition to the outcome of the Presidential election and control of Congress, a number of ballot measures are significant for the CRE industry.
Survey: Thanksgiving grocery shopping plans unshaken by pandemic
Almost 75 percent of Americans plan to spend the same or more, with 80 percent shopping at stores.
Inspire Brands to buy Dunkin’ Brands Group for $106.50 per share
The merger brings Dunkin’ and Baskin-Robbins into Inspire’s existing portfolio of Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s and Rusty Taco.
What Is ESG Investing's Future if Democrats Win Big in Elections?
A Morningstar panel also discussed the firm’s concerns over the Labor Department’s proposed rules on fiduciary exemptions, stressing the importance of clarity in SEC and DOL enforcement.
12 Must Reads for the CRE Industry Today (Oct. 31, 2020)
Some New York City companies are offering extra incentives to get workers to return to the office, according to The New York Times. Restaurants and retailers face new restrictions as new virus cases mount, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Brookfield Pays $365 Million for Facebook Office Outside Seattle
The 343,528-sq.-ft. building has a long-time lease with the social media giant.
13 Must Reads for the CRE Industry Today (Oct. 30, 2020)
The New York Times looks at a nursing home in crisis post-COVID-19 surge. Walmart is turning four stores into e-commerce laboratories, reports CNBC. These are among today’s must reads from around the commercial real estate industry.
City of London Staff Lose Faith in Government Pleas to Stay Home
In London and Westminster, the center of Europe’s hedge fund industry, in-office staff numbers have been rising.
Seven Must Reads for the CRE Industry Today (Oct. 29, 2020)
Property closures, layoffs and debt issues are putting hotel owners in big cities at a tipping point, reports The Real Deal. The wildfires have caused greater housing affordability problems in California, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.