NREI Weekender | | |
| Finance & Investment |  | | | | By Elaine Misonzhnik, Executive Editor | | 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. FULL ARTICLE |
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| Retail | | | | By Liz Wolf, Contributing Writer | | As the COVID-19 pandemic continues to wreak havoc on the U.S. retail sector and alter the way people shop, big retail landlords are implementing curbside pickup programs to help their tenants ramp up sales as the economy begins to reopen. FULL ARTICLE |
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| Retail | | | | By Elaine Misonzhnik, Executive Editor | | As some states begin to loosen stay-at-home restrictions and others move to fully reopen, retail landlords have to find viable ways to keep tenants and shoppers safe as business activity picks up. To find out how some owners are navigating these uncharted waters, NREI spoke to Sanford D. Sigal, CEO of shopping center owner NewMark Merrill Cos., which operates about 80 centers located throughout California, Colorado and Illinois. FULL ARTICLE |
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| Multifamily | | | | By Bendix Anderson, Contributing Writer | | When the Fed slashed rates to near zero two months ago, there was speculation that it would fuel a wave of commercial real estate refinancing. But then the deep crash in economic activity precipitated by nationwide shutdowns and the overall uncertainty created by the COVID-19 crisis quickly put that talk to an end. FULL ARTICLE |
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| Finance & Investment | | | | By John Egan, Contributing Writer | | Chicago-based Harrison Street Real Estate Capital LLC has shown no signs of taking a tumble. The investment management firm completed about $1.5 billion in deals during the first four months of this year. And for all of 2020, it’s on track to meet or exceed the $7 billion in deals it carried out last year. FULL ARTICLE |
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| Retail | | | | By Sebastian Obando, Staff Writer | | Food halls will struggle as states reopen businesses and some may close permanently, say industry sources. Over the long term, however, they should return to their pre-COVID-19 success. FULL ARTICLE |
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| Real Estate Services | | | | By David Bodamer, Editorial Director | | 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. FULL ARTICLE |
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| Real Estate Services | | | | By Stephanie Friese, Christine Norstadt and Jennifer Garner | | Landlords discussing rent relief with commercial tenants need to consider a number of caveats. FULL ARTICLE |
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| Alternative Properties | | | | By NREI Staff | | In this episode of NREI's Common Area, David Bodamer talks with guest Bob Atkins, principal of the Atkins Cos., about what he's learned from operating his company's medical office portfolio in the COVID-19 era. LISTEN HERE |
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| | | Bloomberg | | A Starwood Capital Group affiliate is in advanced talks to provide fresh financing to TPG RE Finance Trust Inc., the mortgage real estate investment trust that’s warned it may not have sufficient liquidity to meet obligations and sustain operations. FULL ARTICLE |
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| | | By NREI Staff | | An industry whistleblower is alleging widespread manipulation of CMBS underwriting, reports ProPublica. J.C. Penney is expected to file for bankruptcy protection within days, according to CNBC. These are among today’s must reads from around the commercial real estate industry. FULL ARTICLE |
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