Real Estate Investment Trusts

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.

Macy’s plans to reopen 68 stores on Monday, reports MarketWatch. The Washington Post looks at iconic brands that could disappear because of coronavirus. J. Crew is preparing to file for bankruptcy protection, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Bank headquarters housing thousands of staff might go out of fashion if people need to take the elevator only two at a time.

New York City construction sites have started to reopen, reports The New York Times. More than 50 percent of mall department stores are predicted to close by 2020, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

The U.K.-based real estate investors have bought a Fifth Ave. retail condo from SL Green for $170 million.

Some retail tenants aim to rewrite leases to include pandemic escape clauses, reports the Wall Street Journal. Curbside pick-up surges over 200 percent during the coronavirus pandemic, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

Las Vegas once again finds itself bearing the brunt of an economic crisis, reports The New York Times. Resolving commuting issues may be the answer to bringing people back to the office, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

A column from Joshua Stein in the Commercial Observer explores how lease renegotiations are going in the age of coronavirus. The state of California and FEMA have formed a partnership with local restaurants to help feed the state’s seniors, according to Connect Media. Reuters reports on how some investors are challenging Neiman Marcus’ bankruptcy loan. These are among today’s must reads from around the commercial real estate industry.

Department stores were already in trouble before the pandemic hit. Now some chains are on their last legs.