Real Estate Investment Trusts

The bank was planning to bring as many as half of its Columbus, Ohio workers back to the office by Labor Day.

CMBS delinquencies surged at a record monthly rate in June, according to CNBC. Real estate developers are on the list of companies that took stimulus loans, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Michael Shvo and partners are going ahead with the purchase of Transamerica Pyramid.

Zara owner Amancio Ortega has amassed real estate holdings valued at $17.2 billion, including investing more than $3 billion in U.S. assets.

Commercial property sales in New York City took a deep dive in the second quarter, reports the Wall Street Journal. GlobeSt.com looks at the results of a recent commercial real estate executive survey. These are among today’s must reads from around the commercial real estate industry.

Delinquencies mount, but so far the distressed investment opportunities have yet to materialize for the mountain of cash that is awaiting them, Bisnow reports. Angelo Gordon & Co. has raised more than $1.5 billion for a new European investment vehicle, according to Commercial Property Executive. These are among today’s must reads from around the commercial real estate industry.

Issues of cost, access, logistics and employee privacy mean that COVID-19 tests aren’t part of most back-to-work plans.

The pandemic has given banks further impetus to downsize and preserve cash.

The transition generally impacts lenders and borrowers on floating rate debt.

The latest stress test results from the Federal Reserve Board show that America’s biggest banks are facing up to $47.6 billion in losses from loans tied to commercial real estate, reported CoStar. The Real Estate Roundtable’s second quarter sentiment index registered a score of 38—down 14 points from the first quarter. These are among today’s must reads from around the commercial real estate industry.