Real Estate Investment Trusts

Industry groups have responded to a proposed bill that will help distressed CMBS borrowers remain current on their loans.

David Bodamer speaks with Phil Colicchio and Trip Schneck on the outlook for independent restaurants and food halls amid the COVID-19 fallout.

Washington lawmakers introduced a bill that would provide create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall Street Journal. Retailers that have introduced policies requiring masks in stores are finding them challenging to implement, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.

In the second quarter, the U.S. homeownership rate jumped to 67.9 percent, according to the Census Bureau.

The Federal Reserve extended its lending facilities through the end of the year, reports Reuters. Sycamore Partners has offered a $1.75 billion bid for J.C. Penney in a plan to combine it with Belk, according to the New York Post. These are among today’s must reads from around the commercial real estate industry.

The new relief package proposal includes $1.75 billion for a new FBI headquarters in Washington, D.C.

CNBC looks at how an eviction crisis might look in different states. Most New York office workers continue working from home, despite the city permitting their return in June, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Douglas Allred Cp. has already started construction on two speculative office buildings in Chandler, Calif.

Las Vegas Sands Corp.’s two Las Vegas properties, the Venetian and the Palazzo, generated just $36 million in business during the second quarter.

The move appears to be the culmination of a recent battle as activist investor Bow Street has pushed for changes at the REIT.