Real Estate Investment Trusts

While brokers don’t believe the office is going away, they expect the challenges presented by the pandemic to last into next year.

The 399-room property, located in East Midtown and owned by TRT Holdings, will close its doors for good.

Some hotels are investing in cutting-edge cleaning technology; others are following simpler government guidelines.

Restaurant companies with locations in multiple states struggle to navigate rules to reopen, reports the Wall Street Journal. A third of America’s malls are shutting down permanently by 2021, according to CNBC. These are today’s must reads from around the commercial real estate industry.

Rent collections at grocery-anchored shopping centers averaged in the high 60 to low 70 percent from March through May.

A New York City condo building developer filed a lawsuit against the bank for reneging on an agreement for a construction loan.

Citing breached covenants, Simon Property Group has terminated its $3.6 billion merger agreement with Taubman Centers.

The U.S. could see up to 25,000 store closures in 2020, estimates a new report from Coresight Research. The New York Times looks at who should be paying for virus-testing nursing home employees. These are among today’s must reads from around the commercial real estate industry.

For many hotel executives, doing the dirty work now is equipping them to become better leaders later.

The Triple Five Group borrowed billions to complete the American Dream mall in New Jersey. It now has to deal with distressed debt.