Real Estate Investment Trusts

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.

CBL & Associates said it may not be able to continue as a going concern, according to CNBC. The Bellagio resort in Las Vegas has installed sinks between slot machines to limit virus spread, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

The former New York deputy mayor for housing and development is starting her own firm, MSquared.

NREI spoke with Calvin Schnure, Nareit senior vice president, on his takeaways from this year’s virtual REITweek.

Simon Property Group is now suing Gap for failing to pay more than $65 million in rent and other charges, reported CNBC. Small businesses that were already struggling from COVID-19 shutdowns now have taken a second blow from looting in some cities, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

A $900 million financial package from H/2 Capital Partners and Silver Point Capital has been lambasted by another set of lenders.

Affordable housing projects continued to move forward in many areas in spite of the COVID-19 pandemic, although some obstacles have emerged.

The New York Times looks at what campus life might be like in the fall. New York & Company might be the next retailer to go bankrupt, reports CNBC. These are among today’s must reads from around the commercial real estate industry.