Real Estate Investment Trusts

A quarter of all U.S. hotel properties now face the risk of foreclosure, according to Mortgage Professional America. Indoor dining will resume and movie theaters will reopen on Friday in limited capacity in New Jersey, reports the Associated Press. These are among today’s must reads from around the commercial real estate industry.

The company plans to continue exploring outside bids, but its advisers will now work with lenders to negotiate a debt-for-equity swap.

Land near the Orlando airport is being targeted for a 169,938-sq.-ft. new distribution center.

The Real Deal explores how the severe financial strain for New York’s Metropolitan Transit Authority could have “catastrophic” effects for commercial real estate if big service cuts are the result. The restaurant market in Los Angeles is facing a reckoning with reductions in rents necessary to prevent permanent closures. These are among today’s must reads from around the commercial real estate industry.

Money has flowed into the economy in a short period of time without sparking inflation or causing real rates to rise and should open the door to more aggressive fiscal action.

Privatizing the companies has proved easier said than done.

Companies don’t want to miss the unprecedented opportunity to evaluate the potential advantages of a long-term, broad-based remote work strategy.

Even when expanded federal unemployment benefits ran out, cannabis sales hadn’t budged.

Luxury hotels struggle as corporate and group travel has been decimated, reports the Wall Street Journal. A number of Sears and Kmart spaces are available for rent immediately, according to the Los Angeles Times. These are among today’s must reads from around the commercial real estate industry.

Short sellers are starting to build up wagers against CMBX 9, which has outsized exposure to hotel debt.