Neiman Marcus filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The New York Times looks at how the disaster wrought by COVID-19 at nursing homes has been years in the making. These are among today’s must reads from around the commercial real estate industry.
12 Must Reads for the CRE Industry Today (May 7, 2020)
The New York Times looks at which businesses are the safest to visit. The fate of the Chrysler Building hangs in the balance, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.
11 Must Reads for the CRE Industry Today (May 6, 2020)
The New York Times looks at how coronavirus has threatened the long-term push for denser housing. Forty-seven percent of Vornado Realty Trust’s retail tenants did not pay rent for the month of April, reports Crain’s New York Business. These are among today’s must reads from around the commercial real estate industry.
Property Managers Globally Must Raise Their Voices to Stem COVID-19’s Impact
Industry still faces questions on evictions guidance and emergency rental assistance.
10 Must Reads for the CRE Industry Today (May 5, 2020)
MGM Resorts completed a $750 million debt offering, reports MarketWatch. Some businesses in California are opening doors despite stay-at-home orders, according to the Los Angeles Times. These are among today’s must reads from around the commercial real estate industry.
America’s Retailers Return to Lure Shoppers to Malls
Chains such as Macy’s, Dillard’s and Belk are letting customers inside stores in parts of the country.
Seven Must Reads for the CRE Industry Today (May 2, 2020)
May might bring more missed rents for apartment landlords as unemployed Americans run out of funds and some tenants’ rights groups call on the government to cancel rent, according to The New York Times and the Wall Street Journal. Kimco plans to introduce curbside pickup at its shopping centers throughout the country, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.
J.C. Penney, Lenders Struggle to Find Assets to Back Fresh Loan
Lenders who are looking to finance the chain’s potential bankruptcy are having trouble finding enough assets to secure new loans.
11 Must Reads for the CRE Industry Today (May 1, 2020)
Macy’s plans to reopen 68 stores on Monday, reports MarketWatch. The Washington Post looks at iconic brands that could disappear because of coronavirus. J. Crew is preparing to file for bankruptcy protection, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Banks Not Returning to Skyscrapers Anytime Soon, Staley Says
Bank headquarters housing thousands of staff might go out of fashion if people need to take the elevator only two at a time.