Real Estate Investment Trusts

The alternative asset manager in in contract to purchase a portfolio of newly developed buildings from Bruman Realty.

The U.S. Postal Service “has a virtual monopoly on the last mile,” according to REIT CEO Andrew Spodek.

Bay Area cities are approving affordable housing developments, reports the San Francisco Chronicle. The Federal Housing Finance Agency is mandating multifamily property owners with government-backed loans in forbearance to inform renters about the eviction protections that extend to them, according to Forbes. These are among today’s must reads from around the commercial real estate industry.

California Superior Court Judge Charles Haines ruled the city’s eviction moratorium was a “reasonable exercise of the police power to promote public welfare.”

Commercial real estate fundamentals showed some improvement in July, reports Star Tribune. The struggles of the retail sector are likely to continue, according to Benzinga. These are among today’s must reads from around the commercial real estate industry.

The apartment rental market comprised of units priced at $22,000 a month and more has seen a 75 percent drop in listings.

Facebook leases all the office space in the former main post office at Penn Station in Midtown, reports The New York Times. Department stores are struggling to survive in the current retail landscape, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Hotel operators are looking at a recovery that’s going to be tougher than the one after the Great Recession.

The firm is buying up new houses at a time when mortgage rates are low and suburban houses are in high demand.

Eighty-three percent of New York City restaurants are unable to pay their rent, reports the New York Post. The survival of J.C. Penney hangs on urgent sale negotiations, according to Reuters. These are among today’s must reads from around the commercial real estate industry.