Real Estate Investment Trusts

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.

The private equity firm plans to focus on properties in secondary and tertiary markets in the Southeast.

7-Eleven is buying a massive portfolio of convenience stores and gas stations in a $21 billion deal with Marathon Petroleum, reports GlobeSt.com. Lord & Taylor filed for bankruptcy over the weekend. These are among today’s must reads from around the commercial real estate industry.

Purchase contracts in South Florida soared across all price ranges last month compared with a year earlier.

Investors are acting on the growing conviction that the Federal Reserve will skew its bond-buying program to the long end.

“Virtual reality game proves that I’d fail as a real landlord,” our writer declared.

MGM Resorts posted a 91 percent decline in quarterly revenue, reports the Wall Street Journal. SL Realty is looking to sell an office property in the Hudson Yards area, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.