More small business owners are permanently shutting their doors, reports The New York Times. AMC reached an agreement with bondholders to reduce its debt amid the pandemic, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
Los Angeles Apparel Factory Shut Down After More Than 300 Coronavirus Cases
An investigation found over 300 confirmed infections among the garment workers, and four deaths. Three of the deaths were in June, and one in July.
NREI's Common Area: How Malls Are Being Used for More Than Just Shopping
David Bodamer speaks with Lou Conforti, CEO of Washington Prime Group, in the latest episode of the Common Area podcast.
Fed’s Support for Corporate Debt Has Been a Wall Street Bonanza
That boon underscores how the biggest banks’ roles as financial intermediaries can translate to billions of dollars of profits.
Adaptability: The Ultimate Virtue
A successful sponsor will need to have the ability to adapt to an ever-changing real estate landscape.
Wave of “Rescue” Capital Moves on Ahead of Opportunistic Buyers
Rescue capital could make a dent in the amount of distressed real estate deals in the market.
Nine Must Reads for the CRE Industry Today (July 13, 2020)
Commercial real estate companies have been hiring infectious disease experts to help evaluate their properties, reports Fast Company. Small businesses may use new bankruptcy laws to get out of leases, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Some Chinese Ports Are Jammed Again on Intensive Testing of Food
China began testing cold food shipments for the virus last month.
Insurers “Are Already Preparing to Pay Some Fraction” of Pandemic-Related Claims, Lawyers Say
So far, insurers have been balking at paying business interruption plans for pandemic shutdowns, but that is likely to change.
Nine Must Reads for the CRE Industry Today (July 11, 2020)
Pension funds are finding it hard to value their real estate holdings amid the pandemic disruption, reports the Wall Street Journal. Up to 28 million Americans might soon be facing evictions, according to CNBC. These are among today’s must reads from around the commercial real estate industry.