Real Estate Investment Trusts

Renters and buyers are beginning to return to the New York City residential real estate market, reports The New York Times. The Wall Street Journal looks at the different approaches adopted by California and Florida to reopen their economies during the pandemic. These are among today’s must reads from around the commercial real estate industry.

October is often New York hotels’ busiest month. Last week, occupancy was hovering under 40 percent.

The National Multifamily Housing Council’s Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment for the month by October 6. Dollar General to open stores aimed at more high-income shoppers, reports the Wall Street Journal. These are today’s must reads from around the commercial real estate industry.

Private equity investments in proptech firms increased in dollar volume during the period, but deal count was down almost 40 percent.

Provisions like these can help both landlords and tenants.

The chain’s sale gains during the pandemic haven’t matched those of its competitors.

California Pizza Kitchen Inc. had to cancel an auction to sell itself this week after no buyers bid for the company.

The loan forgiveness process for the small business loans has drawn complaints from the Government Accountability Office, according to Reuters. Ruby Tuesday has filed for Chapter 11, reports Boston Restaurant Talk. These are among today’s must reads from around the commercial real estate industry.

Going back to work in the physical world is proving to be a challenge to advisory firms that want to do it right.

The management agreements, which were set to expire in 2035, cover a hotel portfolio that spans across 31 states.