Real Estate Investment Trusts

Luxury hotel owner Ashford Inc. ended up receiving $53 million from the government’s small business relief program, reports The New York Times. Construction workers are grateful to have jobs, but fear contagion, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Macy’s considers taking on $5 billion in debt to survive through the pandemic, reports CNBC.. Rising insurance costs further squeeze apartment landlords’ profits, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate sector.

The tech giant was one of many in the filed that were in the midst of expansion pre-COVID 19.

There are three basic scenarios for how office tenants might respond to the pandemic.

The FHFA is considering new steps to ease the strain on mortgage companies, reports the Wall Street Journal. The nursing home industry is facing rising costs at a time when it was already struggling to stay afloat, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

Arne Sorenson said the company is working on new ways to protect hotel guests and workers.

A handful of hotels are moving ahead with planned openings, reports The New York Times. Many U.S. landlords whose commercial tenants are asking for rent relief want proof of financial strain before delaying or forgiving payments, according to the Wall Street Journal. These are today’s must reads from around the commercial real estate industry.

Charles Krawitz, vice president and head of commercial lending at Alliant Credit Union, is the guest on this edition of the Common Area podcast.

After lockdown, Chinese shoppers upped their spending at luxury boutiques, reports the Wall Street Journal. A white supremacist has tried to blow up a Jewish assisted living facility in Massachusetts, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

McDonald’s is likely to take a big hit on income in 2020. But owning its real estate empire should be a big help.