Eighty-nine percent of apartment households made a full or partial rent payment by June 13, according to The National Multifamily Housing Council (NHMC) Rent Payment Tracker. Simon and Taubman might go into a legal fight over their abandoned merger, reports Indy Star. These are among today’s must reads from around the commercial real estate industry.
JPMorgan to Start Bringing More Traders Back to Office Next Week
The company will bring volunteers back to its 383 Madison Ave. office starting on June 22.
10 Must Reads for the CRE Industry Today (June 16, 2020)
The Federal Reserve opened its Main Street Lending program for bank registration, reports Business Insider. 24 Hour Fitness is the latest retail tenant to file for bankruptcy, according to the Associated Press. These are among today’s must reads from around the commercial real estate industry.
Republicans Question Giving Chinese Investors ‘EB-5’ Green Cards
Representatives Jim Jordan and Guy Reschenthaler want the Government Accountability Office to evaluate efforts to detect fraud in the EB-5 program.
Mall Landlords, Authentic Brands in Talks to Buy J.C. Penney
Simon Property Group and Brookfield Property Partners are looking at buying another struggling retailer.
NREI's Common Area: Episode 37
David Bodamer is joined by Chris Caton, the senior vice president of global strategy and analytics at Prologis, to discuss the state of logistics real estate.
Eight Must Reads for the CRE Industry Today (June 15, 2020)
There are signs of increasing stability in the CMBS market, reports Seeking Alpha. A lawsuit in the state of Washington accuses two commercial real estate investors of running a Ponzi scheme, according to the Seattle Times. Bisnow writes on how the first black “Bachelor” in the show’s 18-year history is a broker from CBRE. These are among today’s must reads from around the commercial real estate industry.
EU Challenges China’s Trade Expansion With Landmark Tariff
The dispute involves EU imports from Egypt of glass fiber fabrics, an industrial good used in everything from wind turbines to sports equipment.
Shopify Gains After Deal With Walmart Expands Network’s Reach
Founded in 2006, Shopify has become the platform of choice for businesses large and small that are looking to get online cheaply and quickly.
Rush to Disinfect Offices Has Some Environmental Health Experts Worried
Chemicals being used to clean office buildings are effective at killing the pathogen, but some experts are worried that they pose other health risks.