Real Estate Investment Trusts

Commercial Property Executive looks at the real estate industry’s reaction to the new stimulus package. Investors are buying hotels and redeveloping them into rental apartments, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009.

The filing covers a planned 26-story hotel and residential tower across from the Peter Luger Steakhouse.

Even with Fannie and Freddie planning to scale back on multifamily loans, other lenders are ready to pick up market share.

The Washington Post looks at what’s included in the $900 billion stimulus package. Many employers plan to encourage rather than require their workers to be vaccinated, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Simon and David Reuben spent almost $2.5 billion on U.S. property acquisitions and financings, including office, retail and hotel assets.

The online retailer closed the warehouse in Robbinsville Township until Dec. 26 after a spike in asymptomatic cases.

Matt Pestronk, president and co-founder of Post Brothers, comes on the podcast to discuss why the pandemic has not shaken his faith in the long-term outlook for multifamily assets in U.S. cities.

Private equity firm Thoma Bravo has struck a deal to acquire property management software developer RealPage for $9.6 billion, reports the Wall Street Journal. Reactions from Marketwatch and The New York Times assess some of the new COVID-19 relief packages measures meant to help renters and whether the deal is big enough to provide the needed jolt to the U.S. economy going forward. These are among today’s must reads from around the commercial real estate industry.

Oracle has a campus in Austin, opened in 2018 to local fanfare, which it said could eventually house as many as 10,000 workers.