Real Estate Investment Trusts

The company has been in early discussions with potential advisers about fundraising options.

Lenders are suing property owners falling behind on interest payments, reports The New York Times. J.C. Penney landlords are nearing a deal to acquire the department store chain’s retail business, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

“We are being patient with our capital, but we expect the pace of investment to increase over the next 12 months as opportunities present themselves,” said CEO Bruce Flatt.

Almost 14 percent of mortgage borrowers in Miami, and 12 percent of those in New York were at least 30 days behind on their payments in May.

Stein Mart filed for Chapter 11 bankruptcy and plans to permanently close most of its stores, reports CNBC. Online investment platform YieldStreet is being investigated by two government agencies, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Advisor Esther Szabo braved her way through a very scary and uncertain time about six years ago, when her late husband went into cardiac arrest in the middle of their Russian vacation.

Among the Black Commercial Real Estate Network’s aims is to promote awareness of careers in CRE among young Black people.

Firms with fewer than 500 employees account for 44 percent of U.S. economic activity and employ almost half of U.S. workers.

The pandemic froze revenue streams for commercial real estate brokerage firms during the second quarter, reports the Wall Street Journal. Owners of gyms and fitness centers in San Francisco have petitioned for permission to reopen, according to the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry.

David Simon doesn’t know how long it will take for the company to recover from the economic fallout of COVID-19.