Real Estate Investment Trusts

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.

Leaders in European countries are urging pandemic-weary citizens to toe the line.

Terms are becoming more stringent on the financing deals that are closing amid the COVID-19 crisis.

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.

October is often New York hotels’ busiest month. Last week, occupancy was hovering under 40 percent.

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.

Private equity investments in proptech firms increased in dollar volume during the period, but deal count was down almost 40 percent.

Provisions like these can help both landlords and tenants.

The chain’s sale gains during the pandemic haven’t matched those of its competitors.

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