Two months into the lockdown, the pandemic has disrupted a number of high-profile real estate deals, including stand-alone building sales, portfolio transactions and entity-level equity infusions. Some had fallen apart because the buyer couldn’t secure financing in a market that had become less liquid. In others, the acquisition just no longer made sense, given the economic outlook. A number of these disrupted deals have even led to legal disputes, with the seller insisting the buyer uphold its end of the contract. Here are 10 of the biggest tranactions that unraveled.
The U.S. Green Building Council outlined several actions it will take in the coming weeks and months to help promote healthy and sustainable tactics to deal with COVID-19. Mahesh Ramanujam, president & CEO of USGBC, sat down with NREI to discuss the new initiative.
Some companies may begin to experiment with AI cameras to ensure social distancing at work, reports the Wall Street Journal. The heads of major companies are raising questions about the future of a post-coronavirus office market, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
