The office sector remains in a tough spot. The pace
John Moore/Getty Images While brokers don’t believe the office is going away, they expect the challenges presented by the pandemic to last into next year.
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Photo: Omni Hotels & Resorts The 399-room property, located in East Midtown and owned by TRT Holdings, will close its doors for good.
(Bloomberg)—The Omni Berkshire Place hotel in midtown Manhattan will permanently close,
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Photo: Hotel Hassler Some hotels are investing in cutting-edge cleaning technology; others are following simpler government guidelines.
(Bloomberg)—In the post-pandemic world, the ultimate luxury is living as if the
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Geri Lavrov/Getty Images Restaurant companies with locations in multiple states struggle to navigate rules to reopen, reports the Wall Street Journal. A third of America’s malls are shutting down permanently by 2021, according to CNBC. These are
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Despite Essential Tenants Remaining Open, Shopping Center Landlords Saw 40% Drop in Rent Collections
Scott Olson/Getty Images Rent collections at grocery-anchored shopping centers averaged in the high 60 to low 70 percent from March through May.
While owners of
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JannHuizenga/iStock/Getty Images What changes have commercial establishments instituted so far to prevent the spread of infection as states reopen?
Editor's note: one of our contributing writers had to take a trip across the country in early June. Here are the
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400tmax/iStock/Getty Images A New York City condo building developer filed a lawsuit against the bank for reneging on an agreement for a construction loan.
(Bloomberg)—The developer of a 43-story luxury condo
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Justin Sullivan/Getty Images CRE investors are looking for both assets that have been hard-hit by the pandemic, as well as more stable properties.
(Bloomberg)—Investors are increasingly taking a “barbell” approach to
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Getty ImagesLeft: Simon Property Management, Inc. Chairman and CEO David E. Simon. Right: Taubman Centers, Inc. Chairman, President and CEO Robert S. Taubman.
Citing breached covenants, Simon Property Group has terminated its $3.6 billion merger agreement with Taubman Centers.
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Getty ImagesLeft: Simon Property Management, Inc. Chairman and CEO David E. Simon. Right: Taubman Centers, Inc. Chairman, President and CEO Robert S. Taubman.
Citing breached covenants, Simon Property Group has terminated its $3.6 billion merger agreement with Taubman Centers.
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