Real Estate Investment Trusts

NREI spoke with Calvin Schnure, Nareit senior vice president, on his takeaways from this year’s virtual REITweek.

Simon Property Group is now suing Gap for failing to pay more than $65 million in rent and other charges, reported CNBC. Small businesses that were already struggling from COVID-19 shutdowns now have taken a second blow from looting in some cities, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

A $900 million financial package from H/2 Capital Partners and Silver Point Capital has been lambasted by another set of lenders.

Affordable housing projects continued to move forward in many areas in spite of the COVID-19 pandemic, although some obstacles have emerged.

The New York Times looks at what campus life might be like in the fall. New York & Company might be the next retailer to go bankrupt, reports CNBC. These are among today’s must reads from around the commercial real estate industry.

The measure must still be signed by Mayor Eric Garcetti before it goes into effect.

The benefits of building CRE structures with light-frame construction, mass timber and pre-fab wood can include cost savings, faster production and a competitive edge for new projects.

Real estate executives and business leaders promise change as anger and frustration over racism and police brutality grip the nation, reports The Real Deal. Office developers around the country grapple with the fallout from the coronavirus pandemic, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

CBL & Associates missed an $11.8 million coupon payment on its 5.25 percent senior unsecured notes.

Guests at the Winter Haven, Fla.-based resort weren’t required to wear masks and only a few did.