March was a catastrophic month for U.S. retailers, reports The New York Times. Non-traded REITs are not letting individual investors withdraw their cash from property funds, according to the Wall Street Journal. These are among today’ must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (April 15, 2020)
The coronavirus outbreak is causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, reports CNBC. Some property owners are taking a more confrontational approach with larger delinquent tenants, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
11 Must Reads for the CRE Industry Today (April 14, 2020)
Some private equity players are feeling the impact of the virus on their holdings, reports the Wall Street Journal. California landlord has tried to make apartment tenants use their savings to pay for rent, according to the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry.
Seven Must Reads for the CRE Industry Today (April 11, 2020)
The Wall Street Journal looks at commercial cleaners hired to sanitize malls, banks and restaurants that remain open during the pandemic. Walmart hires an additional 100,000 new employees to keep up with rising demand, reports CNBC. These are today’s must reads from around the commercial real estate industry.
Wuhan Rent Protest Shows Unrest Brewing in China After Lockdown
Tenants of one of Wuhan’s largest malls are demanding rent cuts as a result of having no business during the shutdown.
WeWork Was Hardly a “Self-Sustaining Business” Before Coronavirus Hit. Its Prospects Now Are “Incredibly Gloomy”
The company was already facing financial issues when it encountered a worst-case downturn scenario.
New York City Apartment Leases Tumble While Renters Stay Put
In Manhattan, new leases fell by 38 percent in March compared to March 2019.
10 Must Reads for the CRE Industry Today (April 9, 2020)
With debt payments looming and access to loans uncertain, some retailers are fighting for survival, according to the Wall Street Journal. Two national advocacy groups for the apartment industry are calling for Congress to provide additional relief and assistance for America’s rental housing providers, reports Forbes. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (April 8, 2020)
Private equity investors are planning to take advantage of distressed asset sales, reports the Wall Street Journal. Airbnb has raised $1 billion in new funding, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
NREI's Common Area, Episode 32
David Bodamer speaks with Adam Hooper, the founder and CEO of RealCrowd.