China began testing cold food shipments for the virus last month.
Insurers “Are Already Preparing to Pay Some Fraction” of Pandemic-Related Claims, Lawyers Say
So far, insurers have been balking at paying business interruption plans for pandemic shutdowns, but that is likely to change.
Nine Must Reads for the CRE Industry Today (July 11, 2020)
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.
Trump Wins Court Hold on Hotel Emoluments Suit During Appeal
The extension means that the financial information tied to the D.C. hotel likely won’t get released before the election.
Nine Must Reads for the CRE Industry Today (July 10, 2020)
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.
Nursing Homes Operators Must Prepare for Rising Staff Wages
Labor costs in the sector are increasing as operators confront labor shortages and higher risk to staff.
Ann Taylor Owner Ascena Prepares Bankruptcy to Cut Debt, Stores
The owners of Ann Taylor and Lane Bryant could file for Chapter 11 by the end of this week.
14 Must Reads for the CRE Industry Today (July 9, 2020)
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.
JPMorgan Puts Plans for Ohio Office Return on Hold Indefinitely
The bank was planning to bring as many as half of its Columbus, Ohio workers back to the office by Labor Day.
Nine Must Reads for the CRE Industry Today (July 8, 2020)
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.