Real Estate Investment Trusts

Amid talk of uncertainty about the future of offices, Amazon.com made a big bet on physical space, announcing it was expanding its footprint in six cities, reports the Wall Street Journal. Law360 provided a detailed breakdown of the issues in the midst of legal battle surrounding Simon’s bid to cancel its merger with Taubman. These are among today’s must reads from around the commercial real estate industry.

The independent living project would create a place for local residents to age in place.

In the case of the Times Square Edition, the pandemic exacerbated existing problems, including a market glut and troubles leasing its retail component.

Fewer apartment households paid their full or partial rent by August 13 compared to July 13, reports NMHC. Moody’s Analytics forecast U.S. office vacancy will reach a historic high in 2021. These are among today’s must reads from around the commercial real estate industry.

The firm has been active in the Dallas office market.

While the deal has yet to price, the CMBS financing for the building is being seen as a bold vote of confidence for office demand in a large city’s central business district, observers say.

For many new hotels, the decision to open is one that’s been years—and millions of dollars—in the making.

The overall slowdown in investment sales activity that affected all commercial real estate assets in the second quarter is not expected to leave a lasting mark on industrial real estate.

Analysts say the commercial property market needs relief from the Federal Reserve, reports the Financial Times. Retail chains and small businesses continue to struggle in New York City, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

The company has been in early discussions with potential advisers about fundraising options.