Analysts say the commercial property market needs relief from the Federal Reserve, reports the Financial Times. Retail chains and small businesses continue to struggle in New York City, according to The New York Times. These are among today’s must reads from around the commercial real
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The company has been in early discussions with potential advisers about fundraising options.

(Bloomberg)—Unibail-Rodamco-Westfield, one of the world’s largest mall landlords, is considering raising new equity as the retail industry

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Lenders are suing property owners falling behind on interest payments, reports The New York Times. J.C. Penney landlords are nearing a deal to acquire the department store chain’s retail business, according to
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“We are being patient with our capital, but we expect the pace of investment to increase over the next 12 months as opportunities present themselves,” said CEO Bruce Flatt.
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The COVID-19 pandemic has taken its toll on office investment sales with transaction volume falling to its lowest level since the Great Recession.

U.S. office investment sales volume dropped in

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In the current climate, even an Amazon distribution center might be a more palatable choice than a boarded-up anchor retailer.

Perhaps more than any other modern company, e-commerce behemoth Amazon.com Inc. has disrupted

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Many elected leaders enacted emergency bans on evictions as part of COVID-19 relief measures. Those have now come to an end in some states.

A big part of COVID-19 relief

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Almost 14 percent of mortgage borrowers in Miami, and 12 percent of those in New York were at least 30 days behind on their payments in May.

(Bloomberg)—Miami and New York,

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Stein Mart filed for Chapter 11 bankruptcy and plans to permanently close most of its stores, reports CNBC. Online investment platform YieldStreet is being investigated by two government agencies, according to the
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Among the Black Commercial Real Estate Network’s aims is to promote awareness of careers in CRE among young Black people.
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  1. Apartment Industry Pros Return to the Home Office
  2. Small Businesses Are Dying by the Thousands—And No One Is Tracking the Carnage
  3. Halliburton Seeking Serious Buyers Only in Real-Estate Auction
  4. 11 Must Reads for the CRE Industry Today (Aug. 12, 2020)
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