Life science properties are gaining more interest in New York City, reports The New York Times. A looming housing crisis threatens millions of evictions and will leave landlords short billions of dollars, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
In a COVID-19 World, Hotel Owners Must Be Wary of Vulture Funds
Hotel owners and investors face a business landscape that has drastically changed this year.
Marriott Pitches Hotels to Remote Workers Fleeing Stress at Home
More than 2,000 hotels in the company’s system will begin allowing guest to check in for the length of a workday.
Guitar Center Mulls Restructuring with Creditors Taking Control
The chain is considering available options to manage its debt load, including bankruptcy.
11 Must Reads for the CRE Industry Today (October 27, 2020)
The New York Times looks at why Dunkin’ Donuts is worth almost $9 billion. The return of Las Vegas shows will test whether live entertainment can conform to pandemic rules and still turn a profit, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
NREI's Common Area: Is the Office Dead?
David Bodamer is joined by Joe Brady, the CEO of the Americas for The Instant Group, a workspace innovation company.
DoorDash Launches Program to Revive Closed Restaurants Using Ghost Kitchens
Krazy Hog BBQ in Chicago, closed since March, reboots under DoorDash’s Reopen for Delivery initiative; the delivery operator is matching shuttered restaurants with ghost kitchen operators
Law Firms Are Dumping a Significant Amount of Office Space
The prevalence of remote working under COVID-19 and expected layoffs are leading law firms to downsize their real estate.
Growing Number of Landlords Are Offering Restaurants Percentage-Only Rent
That might still not be enough to save many smaller operators.
Seven Must Reads for the CRE Industry Today (Oct. 23, 2020)
Median rent for apartments in Manhattan has reached its lowest point in nearly a decade, reports The New York Times. J.C. Penney filed a sale agreement with landlords Simon Property Group and Brookfield Asset Management after weeks of delays and negotiation, according to Retail Dive. These are among today’s must reads from around the commercial real estate industry.