The Federal Reserve extended its lending facilities through the end of the year, reports Reuters. Sycamore Partners has offered a $1.75 billion bid for J.C. Penney in a plan to combine it with Belk, according to the New York Post. These are among...
CNBC looks at how an eviction crisis might look in different states. Most New York office workers continue working from home, despite the city permitting their return in June, reports the Wall Street Journal. These are among today’s must reads...
Senate Republicans have yet to put forward their proposal for further coronavirus relief as extended unemployment benefits and eviction moratoriums come to an end. A pair of columns from Forbes examines what bills are being discussed and what the...
Senator Kamala Harris introduced the Relief Act, which would ban evictions and foreclosures for a year, reports CNBC. Big banks are urging Congress to hurry up on another stimulus package as economic conditions are worsening, according to Business...
President Donald Trump announced his administration will provide $5 billion to help nursing home facilities counter the virus, according to the Associated Press. Rent growth at single-family rentals has slowed down considerably, reports GlobeSt...
U.S. home sales rose by more than 20 percent last month, reports the Associated Press. The pandemic has made the self-storage sector vulnerable to a downturn, according to The New York Times. These are among today’s must reads from around the...
Restaurants are closing as coronavirus cases surge, reports the Wall Street Journal. CMBS loans backed by lower-tier malls are showing increasing strain, according to Asset Securitization Report. These are among today’s must reads from around the...
Private equity firm KKR has raised $950 million for a fund that will invest in the riskiest CMBS slices, reports Bloomberg. The New York Times looks at how a retirement community in Florida is coping with the arrival of COVID-19. These are among...
