Macy’s plans to reopen 68 stores on Monday, reports MarketWatch. The Washington Post looks at iconic brands that could disappear because of coronavirus. J. Crew is preparing to file for bankruptcy protection, according to the Wall Street Journal...
New York City construction sites have started to reopen, reports The New York Times. More than 50 percent of U.S. malls might close by 2020, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
Some retail tenants aim to rewrite leases to include pandemic escape clauses, reports the Wall Street Journal. Curbside pick-up surges over 200 percent during the coronavirus pandemic, according to CNBC. These are among today’s must reads from...
Las Vegas once again finds itself bearing the brunt of an economic crisis, reports The New York Times. Resolving commuting issues may be the answer to bringing people back to the office, according to the Wall Street Journal. These are among today...
A column from Joshua Stein in the Commercial Observer explores how lease renegotiations are going in the age of coronavirus. The state of California and FEMA have formed a partnership with local restaurants to help feed the state’s seniors...
Malls and main-street shops, bastions of community commerce, were already under pressure after two years of weak retail sales, rising property taxes and the shift to e-commerce.
J.C. Penney is in advanced talks for bankruptcy funding, reports the Wall Street Journal. The Fed will keep interest rates at near zero until at least 2023, according to Business Insider. These are among today’s must reads from around the...
Luxury hotel owner Ashford Inc. ended up receiving $53 million from the government’s small business relief program, reports The New York Times. Construction workers are grateful to have jobs, but fear contagion, according to the Wall Street...
Macy's considers taking on $5 billion in debt to survive through the pandemic, reports CNBC.. Rising insurance costs further squeeze apartment landlords’ profits, according to the Wall Street Journal. These are among today’s must reads from around...
