Restaurants are closing as coronavirus cases surge, reports the Wall Street Journal. CMBS loans backed by lower-tier malls are showing increasing strain, according to Asset Securitization Report. These are among today’s must reads from around the commercial real estate industry.
14 Must Reads for the CRE Industry Today (July 21, 2020)
Restaurants are closing as coronavirus cases surge, reports the Wall Street Journal. CMBS loans backed by lower-tier malls are showing increasing strain, according to Asset Securitization Report. These are among today’s must reads from around the commercial real estate industry.
Brookfield Bets on Single-Family Rentals With $300 Million Fund
The company acquired a controlling stake in single-family landlord Conrex, which operates in Midwestern and Southeastern U.S.
Biden Proposes to Fund Caregiver Plan by Changing Tax Treatment of Like-Kind Exchanges
The presumptive Democratic nominee’s plan would cost $775 billion over 10 years.
Biden Proposes to Fund Caregiver Plan with Tax on RE Investors
The presumptive Democratic nominee’s plan would cost $775 billion over 10 years.
Broker Chased High Commissions from Illiquid REITS: Galvin
The Massachusetts Commonwealth Secretary’s Securities Division charged former NEXT Financial Group representative Charles Kulch with stuffing client accounts full of the high-risk, high-commission investments.
Eldorado Completes Caesars Deal, Becoming New Casino Powerhouse
The company first announced its $17 billion acquisitions more than a year ago.
Manhattan’s Retail Pain Worsens with Fifth Avenue Rent Slide
Retail rents along lower Fifth Avenue dropped by 30 percent year-over-year in the second quarter, according to Cushman & Wakefield.
Summer Camps Bring Ominous Virus Warning in Test Run for Schools
People ages 10 to 19 are more likely to spread Covid-19 within a household than younger children and adults were.
10 Must Reads for the CRE Industry Today (July 20, 2020)
The Wall Street Journal examines a recent trend of big-box retail space being reconfigured as fulfillment centers. With many measures in the last Congressional rescue package on the verge of expiring, commercial real estate leaders are among those pushing for extensions, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.