Real Estate Investment Trusts

The New York Times examines how office building owners and managers are grappling with elevator usage amid COVID-19 safety measures as workers return. Real Money looks at how Microsoft’s decision to shutter its stores highlights how Apple has succeeded where its competitors have struggled. These are among today’s must reads from around the commercial real estate industry.

While most Americans are aware of the rescue, few know where the money is landing and what impact it’s having.

The two office buildings occupy prime commercial zones in two of the U.S.’s priciest cities.

In-person tours still account for a far greater share of lease closings. But virtual tours help prospective renters narrow down their choices.

New York City’s distressed hotels could become affordable housing projects, reports The City. Building managers are figuring out how to reopen safely and prevent infection, according to the Washington Post. These are among today’s must reads from around the commercial real estate industry.

Smaller real estate lenders—credit unions and community banks—face a hit to their bottom lines from falls in asset prices, reports Mortgage Professional America. The IPO of grocery chain Albertson’s will be the first major IPO for the New York Stock Exchange since it reopened, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

The company will still open the Downtown Disney shopping district on July 9.

Real estate ETFs are going through a slump, reports MarketWatch. KKR has raised $10 billion for its third Asia buyout fund, reports Bloomberg. These are among today’s must reads from around the commercial real estate industry.

Company CEO Bruce Flatt says companies are leasing great amounts of space to accommodate social distancing.

The New York-based REIT is looking to sell two office towers it co-owns with the Trump Organization.