The scenes of burning cars, looting, and violent arrests by baton-wielding police could reverse gains that business owners were making to lure back customers.
Seven CRE Economists Offer Their Advice and Predictions for the Sector
While there are still a lot of unknowns about how the pandemic will play out, we talked to seven commercial real estate economists about their views on the future of the industry.
Five Must Reads for the CRE Industry Today (May 30, 2020)
The Centers for Disease Control and Prevention (CDC) lists recommendations for American employers reopening their offices, reports The New York Times. U.S. consumer spending fell a record 13.6 percent in April, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
WeWork Accused of Abandoning San Francisco Development Project
Co-working startup sued for $100 million over contract breach
13 Must Reads for the CRE Industry Today (May 29, 2020)
Ventas Inc. is cutting corporate positions and reducing executive salaries to maintain financial strength, reports Senior Housing News. More guidelines and strategies emerge for restaurants reopening in major cities. These are among today’s must reads from around the commercial real estate industry.
Ports of Los Angeles and Long Beach Might End Up as Losers Post-Pandemic
The near-shoring of manufacturing to Mexico may shift more traffic toward Texas.
Retirement Communities Financed by Munis Pushed to Edge by Virus
Since early March, at least five retirement communities have missed a debt payment, draw on reserves or violated bond covenants.
Brookfield-Backed Industrious Plots IPO, Adds Female Director
The workplace provider has interviewed investment banks about a potential listing in 2021.
11 Must Reads for the CRE Industry Today (May 28, 2020)
The United States is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans, according to the The New York Times. The U.S. division of bakery chain Le Pain Quotidien filed for bankruptcy, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
In a Post-COVID World, Office Landlords May Be More Willing to Offer Short-Term, Flexible Leases
As corporate tenants figure out how much space they may need in the long term, office landlords have little choice but to be flexible.