Real Estate Investment Trusts

A New York City condo building developer filed a lawsuit against the bank for reneging on an agreement for a construction loan.

Citing breached covenants, Simon Property Group has terminated its $3.6 billion merger agreement with Taubman Centers.

The U.S. could see up to 25,000 store closures in 2020, estimates a new report from Coresight Research. The New York Times looks at who should be paying for virus-testing nursing home employees. These are among today’s must reads from around the commercial real estate industry.

For many hotel executives, doing the dirty work now is equipping them to become better leaders later.

The Triple Five Group borrowed billions to complete the American Dream mall in New Jersey. It now has to deal with distressed debt.

Airports reduce renovation projects in case demand for travel decreases, reports the Wall Street Journal. Office buildings prepare for the finance industry to return to work, according to the New York Times. These are among today’s must reads from around the commercial real estate industry.

Bisnow spoke with developer Beatrice Sibblies about being a woman of color in real estate and how the national protests that began as a reaction to police brutality have now brought about new conversations on other facets of racism in the United States. One sixth of publicly-traded REITs have implemented compensation cuts, according to a study by FPL Associates reported on by GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.

There are many office jobs that can’t be done remotely.

Airbnb saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019.

NREI sat down with Carol Faber, co-chair of the distressed property practice at Akerman, to explore how the COVID-19 distressed real estate cycle might play out.