Costco appears to have avoided the COVID-19 impact as sales jumped over 10 percent, reports Business Insider. The New York Times looks at how restaurants and outdoor dining can survive the winter. These are among today’s must reads from around the commercial real estate industry.
Deutsche Bank Revamps Work-From-Home Rule in Permanent Shift
Deutsche Bank is joining lenders such as Mizuho Financial Group Inc. and Fifth Third Bancorp in cutting office costs.
Debt Funds Like Blackstone’s Begin to Play a Bigger Role in CRE Lending as CMBS Steps Back
The lending market “is not cautiously pessimistic, it’s not cautiously optimistic. It’s just in a quiet place where it doesn’t know which direction to go,” says one source.
12 Must Reads for the CRE Industry Today (Sept. 25, 2020)
Retailers have started paying rent again, but negotiations between tenants and landlords continue, reports CNBC. San Francisco Chronicle looks at how things might be different when California votes on rent control this fall. These are among today’s must reads from around the commercial real estate industry.
Working from Home in a Pandemic Is Not Shirking It: Lionel Laurent
“We are home working alongside our kids, in unsuitable spaces, with no choice and no in-office days,” Stanford economist Nicholas Bloom said in March.
10 Must Reads for the CRE Industry Today (Sept. 24, 2020)
The National Multifamily Housing Council found 90.1 percent of apartment households made a full or partial rent payment by September 20. Netflix signs the largest lease in Los Angeles County in 2020, reports Commercial Observer. These are among today’s must reads from around the commercial real estate industry.
Apartment Communities Optimize Services, Amenities for Life Under a Pandemic
Multifamily owners and managers have adjusted to for long-term life under COVID-19 by adapting how they offer amenities to residents.
Wall Street’s Reimagined Suburban Subdivision Is Full of Renters
With the pandemic driving demand for larger living spaces, institutional investors are bankrolling SFR subdivisions.
12 Must Reads for the CRE Industry Today (Sept. 23, 2020)
The Blackstone Group closed on the largest real estate debt fund ever, according to the Wall Street Journal. A new study finds companies are failing to follow through on pledges to elevate social concerns, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.
U.S. Existing-Home Sales Increase to Fastest Pace Since 2006
Closing transactions in August increased 2.4 percent from the prior month to a 6 million annualized rate.