Getty Images Most of the legislation’s provisions relax changes made by the 2017 Tax Cuts and Jobs Act.
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The sector was already facing massive challenges. With consumers unlikely to return to malls anytime soon, some chains will disappear.
The U.S. department store sector was in a downward spiral even before the COVID-19 pandemic
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Getty Images New technologies let apartments shoppers to check out potential homes without ever being in the presence of a leasing agent.
Virtual and augmented reality have been available for some
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CMBS special servicers are bracing for the worst crash of their careers.
(Bloomberg)—Emptied out malls and hotels across the U.S. have triggered an unprecedented surge in requests for payment
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The New York Times looks at how coronavirus has threatened the long-term push for denser housing. Forty-seven percent of Vornado Realty Trust’s retail tenants did not pay rent for the month of April, reports Crain’s New York Business. These are among today’s must
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Christopher Furlong/Getty Images Industry still faces questions on evictions guidance and emergency rental assistance.
The COVID-19
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D Dipasupil/GettyImages Zell expects some amount of social distancing and working from home to persist long after the acute phase of the outbreak is over, possibly for years.
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Challenges for the CMBS sector continue to come into focus, although Fed moves have helped bring some liquidity back to the market.
CMBS deals that were stuck in limbo when COVID-19
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Sycamore Partners and L Brands agreed to settle all pending litigation.
(Bloomberg)—L Brands Inc. agreed to cancel a deal that would have given private equity firm Sycamore Partners control of beleaguered
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The company will make commercial real estate bets, with key potential investors including family offices.
(Bloomberg)—Real estate technology startup Cadre is
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