Real Estate Investment Trusts

The chain is considering available options to manage its debt load, including bankruptcy.

The New York Times looks at why Dunkin’ Donuts is worth almost $9 billion. The return of Las Vegas shows will test whether live entertainment can conform to pandemic rules and still turn a profit, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

David Bodamer is joined by Joe Brady, the CEO of the Americas for The Instant Group, a workspace innovation company.

Krazy Hog BBQ in Chicago, closed since March, reboots under DoorDash’s Reopen for Delivery initiative; the delivery operator is matching shuttered restaurants with ghost kitchen operators

The prevalence of remote working under COVID-19 and expected layoffs are leading law firms to downsize their real estate.

That might still not be enough to save many smaller operators.

Median rent for apartments in Manhattan has reached its lowest point in nearly a decade, reports The New York Times. J.C. Penney filed a sale agreement with landlords Simon Property Group and Brookfield Asset Management after weeks of delays and negotiation, according to Retail Dive. These are among today’s must reads from around the commercial real estate industry.

The company plans to close about 350 Gap and Banana Republic stores in North America by the end of 2023.

The National Multifamily Housing Council rent payment tracker found 90.6 percent of apartment households made a full or partial rent payment by Oct. 20. Apartment REITs are seeing a surge in vacancies, reports the Washington Post. These are among today’s must reads from around the commercial real estate industry.

The developer wants to turn a parking lot at 250 Water Street into two mixed-use towers of affordable rentals, offices and condo units.