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The company has reached an agreement with a majority of its senior creditors on a restructuring plan.

(Bloomberg)—California Pizza Kitchen Inc. filed for Chapter 11 bankruptcy in Houston on Wednesday, becoming the latest restaurant chain

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Fannie MaeWin McNamee/Getty Images
Fannie Mae reported a partial recovery in earnings in the second quarter, according to the Wall Street Journal. The majority of REITs will be dealing with water scarcity within a decade, reports Chief
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COVID-19 is making companies reevaluate their office space needs. Some are opting for consolidation.

Insurance giant AIG recently announced that it will keep its headquarters

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Goldman Sachs is partnering with Dalfen Industrial to buy 46 “last-mile” industrial facilities valued at about $500 million.

(Bloomberg)—Goldman Sachs Group Inc.’s merchant banking division has struck a deal to invest in

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The closures are part of “portfolio rationalization” and will involve mostly low-volume sales locations.

(Bloomberg)—Dunkin’ Brands Group Inc. said it expects to close about 800 stores in the U.S. permanently

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Industry groups have responded to a proposed bill that will help distressed CMBS borrowers remain current on their loans.

Congressional Representatives Van Taylor (R-Texas), Al Lawson (D-Fla.

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David Bodamer speaks with Phil Colicchio and Trip Schneck on the outlook for independent restaurants and food halls amid the COVID-19 fallout.
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Washington lawmakers introduced a bill that would provide create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall Street Journal. Retailers that have introduced policies requiring masks in stores are
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With their exterior access and outdoor common areas, garden-style apartments hold greater appeal for virus-wary renters.

Long-term success in portfolio building is a function of agility. We’re seeing where the

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Simon’s and Brookfield’s investments in bankrupt tenants are relatively small. But the deals can give them critical control of the real estate involved.

As the coronavirus

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  1. The Rush to Refinance Multifamily Properties Continues
  2. U.S. Homeownership Rate Soars to Highest Level Since 2008
  3. Reopening Whiplash Wreaks Havoc on California Small Businesses
  4. 15 Must Reads for the CRE Industry Today (July 29, 2020)
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