SEPTEMBER 19, 2020

Top Stories

NREI Research Series

Exclusive Research: COVID-19 Weighs on Near-Term Outlook for Seniors Housing

By Beth Mattson-Teig, Contributing Writer

While COVID-19 has taken its toll, the exclusive annual NREI/NIC seniors housing investor sentiment research finds that respondents retain a bullish view on the long-term prospects for the sector.

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Office

Updated: Larry Silverstein Has Seen New York Bounce Back from Unimaginable Disaster. He Believes It Will Do So Again.

By Patricia Kirk, Contributing Writer

NREI asked Larry Silverstein, chairman of Silverstein Properties, for his opinion on how urban office markets, including New York City, might be affected by the pandemic in the long term, the effect COVID-19 is having on office assets, and the company's current portfolio performance and new acquisitions.

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Retail

10 Retailers That Have—and 10 That Haven’t—Paid Their Rent as of August

By Sebastian Obando, Staff Writer

NREI has been publishing since the beginning of the summer a gallery of retailers that have and have not paid rent earlier during the COVID-19 pandemic. Here is the updated version of that list.

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Analysis

Retail

Ikea Is Trying to Follow in the Footsteps of Sears Roebuck in Building its Own Mixed-Use Centers. What Are its Chances of Success?

By John Egan, Contributing Writer

Swedish retail giant Ikea, known for its inexpensive, modern, hard-to-assemble furniture, traditionally doesn’t target urban cores. Instead, it typically builds its warehouse-style stores, averaging 320,000 sq ft., in suburban areas. Now, the Ingka Centres shopping center arm of Ikea’s parent company is starting to load up its U.S. cart with inner-city, mixed-use projects anchored by Ikea stores.

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Real Estate Services

Apartment Developers Scout Adaptive Reuse Possibilities

By Bendix Anderson, Contributing Writer

It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are watching and waiting for prices to drop to buy other property types damaged by the economic crisis to redevelop into multifamily buildings.

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Real Estate Services

Virtual Tours Can Let Prospective Tenants Narrow Down Their Choices. Here’s What They May Be Looking For

By Sebastian Obando, Staff Writer

Virtual tours are becoming much more prevalent in the leasing process, especially due to the pandemic. But there are certain aspects of commercial space that only in-person tours can provide an accurate feeling for.

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Commentary

Office

The Evolution of the Modern Office Began Well Before the Pandemic

By Julie Whelan

There’s no shortage of conjecture amid COVID-19 about the fate of offices across the globe. The office isn’t going away, but the pandemic has accelerated an evolution of the role it serves for companies.

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Podcast

Real Estate Services

NREI's Common Area: CREW's Study on Gender and Diversity

By NREI Staff

In this episode of the Common Area podcast, CREW Network CEO Wendy Mann discusses the findings of the group's latest benchmark study on gender and diversity in commercial real estate.

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NREI Wire

Oaktree to Explore $2 Billion Sale of Cold Storage Firm

Bloomberg

Oaktree Capital is exploring the sale of Agro Merchants Group, a cold storage company that could fetch as much as $2 billion, including debt, according to people with knowledge of the matter.

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Seven Must Reads for the CRE Industry Today

By NREI Staff

Economic hardships caused by the pandemic are likely to lead to forced house sales and new renters, according to the Wall Street Journal. BlackRock CEO says having more than a quarter of employees managing the firm’s $7.4 trillion in assets from their basements and bedrooms could have a deleterious effect on BlackRock, reports The New York Post. These are among today’s must reads from around the commercial real estate industry.

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