Real Estate Investment Trusts

In the last recession some for-sale condo developments were turned into rentals. Brokers say that’s unlikely to happen in the current crisis.

The coronavirus crisis has exposed potential weaknesses tied to non-bank financial firms, including excessive leverage and interconnectedness.

Federal Reserve officials appear to brace for a prolonged recession, according to Forbes. Biotech properties are attracting a lot of investor interest in a pandemic, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Local 11 of Unite Here filed a charge with the National Labor Relations Board against the JW Marriott Santa Monica Le Merigot.

More small business owners are permanently shutting their doors, reports The New York Times. AMC reached an agreement with bondholders to reduce its debt amid the pandemic, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

An investigation found over 300 confirmed infections among the garment workers, and four deaths. Three of the deaths were in June, and one in July.

David Bodamer speaks with Lou Conforti, CEO of Washington Prime Group, in the latest episode of the Common Area podcast.

That boon underscores how the biggest banks’ roles as financial intermediaries can translate to billions of dollars of profits.

A successful sponsor will need to have the ability to adapt to an ever-changing real estate landscape.

Rescue capital could make a dent in the amount of distressed real estate deals in the market.