“Given the investor caution, it does not look like we’re going to achieve our original top-tier pricing objective,” Steven Roth told investors.
Amazon N.Y. Warehouse Workers’ Covid Suit Tossed by Judge
U.S. District Judge Brian Cogan in Brooklyn ruled the complaint should have been brought to OSHA.
12 Must Reads for the CRE Industry Today (Nov. 4, 2020)
Big real estate investment funds are delaying investor redemption requests, reports the Wall Street Journal. Commercial real estate developers will find it hard to secure property insurance until the 2020 election is settled, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
Split-Roll Property Tax Proposal 15 in Calif. Too Close to Call
The outcomes of several other ballot measures were decided, including legalization of medical and recreational marijuana in several states.
Self-Storage Attracts New Buyers
Buchanan Street Partners plans to spend $350 million to $500 million to buy and build in the sector.
Six Must Reads for the CRE Industry Today (Nov. 3, 2020)
Non-bank mortgage lenders were facing favorable conditions for going public, but October’s market shakeout could stall fundraising efforts, reports the Wall Street Journal. Businesses across the country are boarding up as they brace for the possibility of election-related violence, according to Vox. These are among today’s must reads from around the commercial real estate industry.
Blackstone Boosts Internet Bet with Virginia Data-Center Deal
A unit of the private equity firm is acquiring a roughly 90 percent interest in the real estate for eight single-tenant data centers in Northern Virginia.
12 Must Reads for the CRE Industry Today (Nov. 2, 2020)
After months of speculation, mall owners PREIT and CBL & Associates Properties made it official and both filed for Chapter 11 bankruptcy protection on Sunday, reports CNBC. New York has implemented new polices requiring travelers to take COVID-19 test within three days before traveling and three days after entering the city. These are among today’s must reads from around the commercial real estate industry.
A Guide to the 2020 Election for CRE Pros
In addition to the outcome of the Presidential election and control of Congress, a number of ballot measures are significant for the CRE industry.
Inspire Brands to buy Dunkin’ Brands Group for $106.50 per share
The merger brings Dunkin’ and Baskin-Robbins into Inspire’s existing portfolio of Arby’s, Buffalo Wild Wings, Sonic Drive-In, Jimmy John’s and Rusty Taco.