Real Estate Investment Trusts

Figuring out how to value properties amid unprecedented circumstances has been a challenge that’s vexed commercial real estate pros throughout 2020.

The PPP funds were not enough to save hundreds of companies from going out of business, reports the Wall Street Journal. Central banks might be looking at yield curve control, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

The industrial-retail frontier may be the saving grace for a pandemic-impacted CRE portfolio.

If the central bank ever steps away from backstopping mortgage bonds, the consequences could be dire.

Clark has teamed up with former Tishman Speyer executive Philip Waterman to form the new real estate investment and operating firm.

New York City’s tourism industry may not fully recover until 2025, jeopardizing one of the market’s major economic engines, reports The New York Times. Guitar Center has filed for bankruptcy protection, according to Retail Dive. These are among today’s must reads from around the commercial real estate industry.

The firm is discussing RXR Real Estate Market Dislocation & Mega-Trends Fund with potential investors.

PNC is acquiring the U.S. businesses of Spanish lender BBVA in a $11.6 billon deal, reports The New York Times. SEC Chairman Jay Clayton and Freddie Mac CEO David Brickman both announced they are resigning in surprise moves, according to industry reports. These are among today’s must reads from around the commercial real estate industry.

The number of workers who went to the office in 10 of the largest U.S. business districts fell to 26.4 percent from pre-pandemic levels in the week ended Nov. 4.

The companies agreed to a modified buyout that had Simon pay $43 in cash for each Taubman Centers share.