Vornado Realty Trust has scrapped efforts to try and sell two office towers that the Trump Organization owns stakes in, reports the Wall Street Journal. An analysis by Bisnow of commercial real estate finance organizations found that 85 percent of executives at those firms are white. These are among today’s must reads from around the commercial real estate industry.
Online Grocery Shopping Still a Mainstay for COVID-concerned Consumers
Oracle Grocery Retail survey reveals more stock-up, private-label purchases.
Nomura Plans Permanent Flexible Work for New York, London Staff
Individual levels of remote work would depend on a variety of factors including role, personal circumstances, clients and regulations.
Real Estate Valuations Remain a Challenge in the Current Market
Whether values and returns will increase or decrease going forward is difficult to say at this point.
Nine Must Reads for the CRE Industry Today (Nov. 20, 2020)
Washington lawmakers are looking at an infrastructure improvement plan again, reports the Wall Street Journal. The San Diego City Council approved a $3 billion mixed-use development proposed by Hines, according to Connect Commercial Real Estate. These are among today’s must reads from around the commercial real estate industry.
Struggling Retailers Rack Up $52 Billion in Missed Rent
Fifty-two billion dollars is the total mount of retail rent that’s been missed since April, according to the CoStar Group data.
10 Must Reads for the CRE Industry Today (Nov. 19, 2020)
JLL’s Ryan Severino writes about why additional fiscal stimulus is badly needed. GlobeSt.com looks at what Amazon’s new online pharmacy might mean for the drugstore sector. These are among today’s must reads from around the commercial real estate industry.
California Auditor Slams State for Housing Crunch, Wasted Bonds
Report found state officials failed to reverse policies that left California with a severe shortage of affordable housing.
Independent Hotels Band Together to Keep Giants at Bay
A group of independent hotel owners led by Pebblebrook Hotel Trust is launching a new company that aims to reduce their costs.
Understanding Property Valuation Disruptors
Figuring out how to value properties amid unprecedented circumstances has been a challenge that’s vexed commercial real estate pros throughout 2020.

