Real Estate Investment Trusts

CVS Health and Walgreens have begun distribution of COVID-19 vaccines to residents and staff of long-term care facilities, reports CNBC. Flexible workspace provider Breather has laid off most of its staff and plans to shut more than 400 locations, according to Commercial Observer. These are among today’s must reads from around the commercial real estate industry.

Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY.

State governments are trying to figure out how to deal with a looming eviction crisis, reports the Associated Press. KKR predicts that 2021 will bring the strongest economic rebound in decades, according to Forbes. These are among today’s must reads from around the commercial real estate industry.

The borough’s hotel operators don’t expect business volume to exceed an average of 20 percent as shutdown warnings rise.

Canada’s BentallGreenOak plans to invest billions of dollars in Japanese office real estate over the next three years.

The surge in virus cases is once again emptying New York’s big office towers.

The Commerce Department reported that retail sales fell a seasonally adjusted 1.1 percent in November and October sales were revised down to a decline of 0.1 percent. Bisnow analyzed whether or not the news of recent corporate moves to Miami are harbingers of a larger trend. These are among today’s must reads from around the commercial real estate industry.

The 21-year study shows pension funds have been missing out on healthy returns by under-allocating to REITs.

There are a lot of important things to consider with multi-story self-storage construction.

With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.