CRE Wire

Even well-capitalized hotel owners will blow through their cash reserves quickly in today’s environment.

Treasury Secretary Steven Mnuchin says business will pick up when the crisis ends, reports CNBC. New York apartment building managers are dealing with new responsibilities, according to the Wall Street Journal. These are among today’s must reads...

COVID-19’s spread is rocking the global economy. GlobeSt.com examines the potential toll of job losses for the CRE industry. Bisnow looked at what the near zero interest rates will mean for the sector. Meanwhile famed investor Carl Icahn revealed...

The steady barrage on Sunday included decisions by the governors of Ohio and Illinois to close bars and prohibit dining in restaurants.

Data released Monday showed retail sales in the world’s second-biggest economy plunged 20.5% in the first two months of the year.

Early reaction to the Fed moves on Wall Street was mixed.

Modell’s will close all of its stores, reports the New York Post. Healthcare REIT stocks might benefit from the current outbreak, according to CNN Business. These are among today’s must reads from around the commercial real estate industry.

The start-up’s “extenuating circumstances” coronavirus policy only applies to China, Italy and South Korea.

The hospitality industry could see an uptick in defaults as debt poses a threat to some hotel owners, reports the Wall Street Journal. The rate cut by the Fed last week led to an increase in refinance applications, according to Forbes. These are...

JPMorgan researchers say recession risk is overblown, according to CNBC. The Wall Street Journal looks at the drawbacks of open-floor offices. These are among today’s must reads from around the commercial real estate industry.