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Blackstone has struck a deal to acquire Simple Self Storage in a deal worth about $1.2 billion, according to the Wall Street Journal. The New York Times has reported that
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The prevalence of remote working under COVID-19 and expected layoffs are leading law firms to downsize their real estate.

The pandemic has boosted business at many law firms. But

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

A recent survey by the NYC Hospitality Alliance helps illustrate the dire straits of America’s restaurants.

The survey found that 87

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

(Bloomberg Opinion)—Gap Inc. is getting real about

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

(Bloomberg)—Howard Hughes Corp. is proposing a $1.4

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Built-in safety protocols, growing venture capital funding and a degree of protection from the remote working option are all contributing to the sector’s popularity.

Commercial real estate investors are showing increasing interest

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The luxury gym operator is working with legal and financial advisers on how to manage upcoming debt obligations.

(Bloomberg)—Equinox Holdings Inc., the luxury gym chain, is working with legal and financial advisers

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In the following cities, millennials have been filling out more than a third of all apartment rental applications.

Millennials are the largest living generation in size and are increasingly taking

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  1. 11 Must Reads for the CRE Industry Today (Oct. 22, 2020)
  2. Retailers, Mall Landlords Prepare for Holiday Shopping Season Like No Other
  3. J.C. Penney Rushes to Finalize Sale to Lender, Landlord Group
  4. U.S. Commercial Real Estate Showing First Signs of a Thaw
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