Real Estate Investment Trusts

Pension funds are finding it hard to value their real estate holdings amid the pandemic disruption, reports the Wall Street Journal. Up to 28 million Americans might soon be facing evictions, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

The extension means that the financial information tied to the D.C. hotel likely won’t get released before the election.

National office and apartment vacancy rates rose only marginally in the second quarter, reports Reuters. As online sales boom during the pandemic, the U.S. may need another 1 billion square feet of warehouse space by 2025, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

Labor costs in the sector are increasing as operators confront labor shortages and higher risk to staff.

The owners of Ann Taylor and Lane Bryant could file for Chapter 11 by the end of this week.

Over 77 percent of U.S. apartment households made full or partial rent payments by July 6, according to NMHC. Brooks Brothers has filed for bankruptcy protection, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

The bank was planning to bring as many as half of its Columbus, Ohio workers back to the office by Labor Day.

CMBS delinquencies surged at a record monthly rate in June, according to CNBC. Real estate developers are on the list of companies that took stimulus loans, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Michael Shvo and partners are going ahead with the purchase of Transamerica Pyramid.

Zara owner Amancio Ortega has amassed real estate holdings valued at $17.2 billion, including investing more than $3 billion in U.S. assets.