COVID-19’s toll on the retail sector has been drastic. But some retail chains have been uniquely well-positioned for a recession in which many people are spending a lot of time at home.
11 Must Reads for the CRE Industry Today (Sept. 3, 2020)
The CREW Network has released is fourth benchmark study on gender and diversity in the commercial real estate industry. Macy’s is planning to test several smaller store formats outside of malls, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
What Does the Stalled HEROES Act Mean for CRE Operators?
A comprehensive federal rescue package seems no closer to being passed by the Senate. Here’s what the impact has been on commercial real estate.
17 Must Reads for the CRE Industry Today (Sept. 2, 2020)
Apparel, fitness and theater businesses struggle with rent payments even as shutdowns ease, reports the Wall Street Journal. The U.S. faces a wave of small business failures this fall if the federal government does not provide a new round of financial assistance, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
Make-a-Wish chapter proposes new headquarters building in Miami
The Make-a-Wish Foundation of Southern Florida would like to build a new headquarters in Miami’s Overtown neighborhood. The current headquarters is located in Fort Lauderdale, Fla.
Chuck E. Cheese Seeks Reduced Rent While Landlord Talks Continue
The parent company, CEC Entertainment Inc., asked to pay reduced rent based on status of operations rather than forgoing payments completely.
13 Must Reads for the CRE Industry Today (Sept. 1, 2020)
A quarter of all U.S. hotel properties now face the risk of foreclosure, according to Mortgage Professional America. Indoor dining will resume and movie theaters will reopen on Friday in limited capacity in New Jersey, reports the Associated Press. These are among today’s must reads from around the commercial real estate industry.
J.C. Penney Lenders Plan Takeover After Sales Talks Hit Impasse
The company plans to continue exploring outside bids, but its advisers will now work with lenders to negotiate a debt-for-equity swap.
Prologis to build more industrial space near Orlando airport
Land near the Orlando airport is being targeted for a 169,938-sq.-ft. new distribution center.
Seven Must Reads for CRE Investors Today (Aug. 31, 2020)
The Real Deal explores how the severe financial strain for New York’s Metropolitan Transit Authority could have “catastrophic” effects for commercial real estate if big service cuts are the result. The restaurant market in Los Angeles is facing a reckoning with reductions in rents necessary to prevent permanent closures. These are among today’s must reads from around the commercial real estate industry.