The U.S. could see up to 25,000 store closures in 2020, estimates a new report from Coresight Research. The New York Times looks at who should be paying for virus-testing nursing home employees. These are among today’s must reads from around the commercial real estate industry.
For Staff Living in Empty Hotels, It’s All Work and a Little Play
For many hotel executives, doing the dirty work now is equipping them to become better leaders later.
American Dream Leaves Clan Behind Mall Empire Mired in Debt
The Triple Five Group borrowed billions to complete the American Dream mall in New Jersey. It now has to deal with distressed debt.
Seven Must Reads for the CRE Industry Today (June 9, 2020)
Airports reduce renovation projects in case demand for travel decreases, reports the Wall Street Journal. Office buildings prepare for the finance industry to return to work, according to the New York Times. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (June 8, 2020)
Bisnow spoke with developer Beatrice Sibblies about being a woman of color in real estate and how the national protests that began as a reaction to police brutality have now brought about new conversations on other facets of racism in the United States. One sixth of publicly-traded REITs have implemented compensation cuts, according to a study by FPL Associates reported on by GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
The Office Isn't Dead. It's Just Convalescing: Nisha Gopalan
There are many office jobs that can’t be done remotely.
Airbnb Joins Vacation-Rental Sites Seeing Surge in Summer Demand
Airbnb saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019.
Getting a Handle on the Distressed Cycle
NREI sat down with Carol Faber, co-chair of the distressed property practice at Akerman, to explore how the COVID-19 distressed real estate cycle might play out.
Nine Must Reads for the CRE Industry Today (June 6, 2020)
CBL & Associates said it may not be able to continue as a going concern, according to CNBC. The Bellagio resort in Las Vegas has installed sinks between slot machines to limit virus spread, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Ex-NYC Housing Czar Alicia Glen to Build Affordable Rentals Across U.S.
The former New York deputy mayor for housing and development is starting her own firm, MSquared.