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.
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.
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.
JPMorgan Chase & Co. is no longer allowing junior sales and trading staff to take Uber to work on the company dime, reversing a measure enacted early in the coronvirus pandemic to help workers feel comfortable commuting to the office.
Cold-storage specialist Lineage Logistics raised $1.6 billion from investors including Oxford Properties Group, private equity firm BentallGreenOak and Dan Sundheim’s D1 Capital Partners as the pandemic pressures the food-supply chain.
The National Multifamily Housing Council rent payment tracker found 86.2 percent of apartment households made a full or partial rent payment by September 13. Hoteliers fear a wave of closures in the sector due to falling occupancy rates, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.