NREI Daily
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AUGUST 21, 2020

Top Story

Office

How COVID-19 Is Changing Operations for Class-A Office Owners

KBS CEO Chuck Schreiber discusses how the pandemic is changing tenant needs and what that means for office owners.

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Analysis

Retail

CBL & Associates Likely a “Canary in the Coal Mine” for Mall Owners Filing for Chapter 11

And in spite of significant changes to the bankruptcy code since GGP went through the process, filing now will be more arduous.

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Midyear Market Trends and Outlook

Property Tax Assessment and Valuation in the Post COVID-19 Era

With revenues from sales tax dramatically reduced due to economic shutdown, a shift to increased property tax may be inevitable across the country.

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NREI Wire

Mall of America Gets 16% Appraisal Cut After Late Payments

The 5.6-million-sq.-ft. mega-mall was reappraised at $1.94 billion as its owners missed three monthly debt payments.

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New York Landlords Press Finance Bosses to Speed up Return-to-Work and Save City

Their argument: It’s safe, and the eateries and shops that make Manhattan special can’t hold out much longer.

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10 Must Reads for the CRE Industry Today

Airbnb is preparing an IPO for later this year, reports Business Insider. Fueled by pandemic-related shifts in consumption, big-box retailers including, Walmart, Target and Home Depot all posted large increases in quarterly sales, according to the New York Times. These are among today’s must reads from around the commercial real estate industry.

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