(REIT) (NYSE: CCI) started slowly as it slid -1.35% to $165.74. During the day, the stock rose to $168.02 and sunk to $164.60 before settling in for the …
Nine Must Reads for the CRE Industry Today (July 18, 2020)
Decades-old businesses are shutting down due to the economic hardship caused by the coronavirus, reports The New York Times. The Associated Press looks at life inside nursing home facilities during the pandemic. These are among today’s must reads from around the commercial real estate industry.
Buy or Sell American Tower Corporation (REIT) (AMT) Stock Now? Don’t Try to Be a Top Gun
American Tower Corporation (REIT) (NYSE:AMT) went up by 0.08% from its latest closing price when compared to the 1-year high value of $269.73 …
NYC Hotels Embrace Gimmicks to Goose Demand with Travel Frozen
With coronavirus cases surging in parts of the U.S., a nascent lodging recovery is unraveling.
12 Must Reads for the CRE Industry Today (July 17, 2020)
Insurance companies want to increase their investments in warehouse properties as office assets have become riskier, reports Reuters. CBL & Associates got an extension to reach a deal on repayment of some of its debt, according to Chattanooga Time Free Press. These are among today’s must reads from around the commercial real estate industry.
Booming E-commerce Sales Drive Demand for Industrial Facilities
Industrial facilities are seeing rising rents and potential bidding wars as online sales drive demand for space to store merchandise.
U.S. Homebuilder Optimism Continues Recovery as Buyers Return
The housing market continued to attract buyers looking for more space and attracted by low interest rates.
Green Street Sees Gateway Cities, Core REIT Sectors Under Pressure
Gateway cities are likely to come under increasing pressure as a result of economic and cultural shifts triggered by the coronavirus crisis, according to Mike Kirby, Green Street Advisors’ co-founder and director of research.
In addition to the work-from-home trend, which has the potential to expand the radius where workers can live, gateway cities are also being squeezed by social unrest and fiscal challenges, Kirby said during a July 15 NYU Schack REIT Leadership Workshop webinar.
Occupancy in Senior Housing Hits 15-Year Low on Pandemic Fears
In the second quarter, occupancy at independent living and assisted living facilities declined by 2.8 percent.
13 Must Reads for the CRE Industry Today (July 16, 2020)
Close to 88 percent of apartment-renting households made a full or partial rent payment by July 13, according to The National Multifamily Housing Council. Despite an online boom, retailers are struggling with higher expenses related to upping their e-commerce operations, reports Reuters. These are among today’s must reads from around the commercial real estate industry.