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JULY 21, 2020

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Retail

COVID-19 Bankruptcies That Could Hurt the CRE Industry

By NREI Staff

The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate.

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Analysis

Finance & Investment

Broker Chased High Commissions from Illiquid REITS: Galvin

By Patrick Donachie, WealthManagement.com

A former investment advisor with NEXT Financial Group has been charged by Massachusetts’ regulators with over-stuffing client accounts with high-commission, high-risk non-traded real estate investment trusts and variable annuities.

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Commentary

Retail

Shopping and Eating Pre and Post-COVID

By Shawn Bland and Jamie Sullivan

Both the retail and restaurant markets have been in a constant state of evolution, responding to generational shifts, technological advancements, and now, COVID-19.

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Podcast

Retail

NREI's Common Area: How Malls Are Being Used for More Than Just Shopping

By NREI Staff

In episode 39 of NREI's Common Area podcast, David Bodamer speaks with Lou Conforti, CEO of Washington Prime Group (WPG). WPG is a retail REIT and a recognized leader in the ownership, management, acquisition, and development of retail properties. Conforti talks about what he and the WPG team are doing to help their tenants continue operating their retail businesses during COVID-19.

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NREI Wire

Eldorado Completes Caesars Deal, Becoming New Casino Powerhouse

Bloomberg

Eldorado Resorts Inc. completed its $17 billion acquisition of Caesars Entertainment Corp., navigating a series of hurdles, including the global pandemic, to create a new powerhouse in the casino industry.

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Manhattan’s Retail Pain Worsens with Fifth Avenue Rent Slide

Bloomberg

Retail rents along lower Fifth Avenue dropped by 30 percent year-over-year in the second quarter, according to Cushman & Wakefield.

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10 Must Reads for the CRE Industry Today

By NREI Staff

Private equity firm KKR has raised $950 million for a fund that will invest in the riskiest CMBS slices, reports Bloomberg. The New York Times looks at how a retirement community in Florida is coping with the arrival of COVID-19. These are among today’s must reads from around the commercial real estate industry.

FULL ARTICLE