Real Estate Investment Trusts

The parent company of New York Sports Clubs has filed for bankruptcy, reports the Wall Street Journal. Amazon plans to hire 100,000 more workers to keep pace with e-commerce demand, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

The firm is in negotiations to acquire about 40 mobile home parks, most in Florida, from Summit Communities.

The work-from-home lifestyle seems to have negatively impacted the bank’s younger workers’ productivity.

NMHC President Doug Bibby, who had been scheduled to step down in January, has decided to delay his departure for a year, reports Multi-Housing News. California Governor Gavin Newsom threw his support behind a controversial proposition that would raise property taxes on commercial properties. These are among today’s must reads from around the commercial real estate industry.

The first tenants at One Vanderbilt, across from Grand Central Terminal, will start moving in by year’s end.

The retailer’s shopping center arm just bought a building in downtown San Francisco. It’s on the lookout for more of the same.

The prospect of a coronavirus relief package deal is getting worse by the day, reports Politico. San Francisco will allow indoor hair and nail salons, gyms and hotels to open on Monday, according to the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry.

The private equity firm is looking at selling the operator of mobile home parks in a deal that could bring in $750 million.

Century 21 filed for Chapter 11 bankruptcy and plans to close all of its stores, reports Business Insider. Employees who work at multiple nursing home facilities are thought to be behind some of the continuing COVID-19 spread, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

Tuesday, September 29, 2020 | 1:30 PM ET