Some New Yorkers are permanently making the switch to the suburbs due to the coronavirus, reports The New York Times. More households paid their rent in the first week of May than expected, according to the Wall Street Journal. These are among...
Neiman Marcus filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The New York Times looks at how the disaster wrought by COVID-19 at nursing homes has been years in the making. These are among today’s must reads from...
The New York Times looks at which businesses are the safest to visit. The fate of the Chrysler Building hangs in the balance, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.
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...
MGM Resorts completed a $750 million debt offering, reports MarketWatch. Some businesses in California are opening doors despite stay-at-home orders, according to the Los Angeles Times. These are among today’s must reads from around the commercial...
Apollo is raising $20 billion in the coming year in a bid to capitalize on the wave of distressed investment opportunities that will emerge, reports the Wall Street Journal. Based on the experiences of the past month many companies are considering...
Texas hotelier Monty Bennett, whose companies own 130 properties across the country, said Saturday that he will return the loans provided under the Small Business Administration’s Paycheck Protection Program.
May might bring more missed rents for apartment landlords as unemployed Americans run out of funds and some tenants’ rights groups call on the government to cancel rent, according to The New York Times and the Wall Street Journal. Kimco plans to...
