Real Estate Investment Trusts

Commercial real estate hiring is a mixed bag, according to analysis of Indeed.com’s job postings that Bisnow wrote up. Brookfield has launched a $5 billion rescue fund to aid retailers, reports the Financial Times. BlackRock raised $1.3 billion for a European property fund, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.

Some New Yorkers are permanently making the switch to the suburbs due to the coronavirus, reports The New York Times. More households paid their rent in the first week of May than expected, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Neiman Marcus filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The New York Times looks at how the disaster wrought by COVID-19 at nursing homes has been years in the making. These are among today’s must reads from around the commercial real estate industry.

The New York Times looks at which businesses are the safest to visit. The fate of the Chrysler Building hangs in the balance, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.

The New York Times looks at how coronavirus has threatened the long-term push for denser housing. Forty-seven percent of Vornado Realty Trust’s retail tenants did not pay rent for the month of April, reports Crain’s New York Business. These are among today’s must reads from around the commercial real estate industry.

Industry still faces questions on evictions guidance and emergency rental assistance.

MGM Resorts completed a $750 million debt offering, reports MarketWatch. Some businesses in California are opening doors despite stay-at-home orders, according to the Los Angeles Times. These are among today’s must reads from around the commercial real estate industry.

Chains such as Macy’s, Dillard’s and Belk are letting customers inside stores in parts of the country.

May might bring more missed rents for apartment landlords as unemployed Americans run out of funds and some tenants’ rights groups call on the government to cancel rent, according to The New York Times and the Wall Street Journal. Kimco plans to introduce curbside pickup at its shopping centers throughout the country, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.

Lenders who are looking to finance the chain’s potential bankruptcy are having trouble finding enough assets to secure new loans.