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APRIL 17, 2020

Top Story

Retail

McDonald’s’ Long-Term Real Estate Structure Provides It with a Cushion Even in a Severe Downturn

McDonald’s reported April 8 that overall same-store sales dropped 22.2 percent in March, with U.S. same-store sales falling 13.4 percent. Globally, three-fourths of the chain’s restaurants are still open. But they’re depending largely on drive-through and delivery sales, as most dining rooms are closed. Foot traffic at McDonald’s restaurants in the U.S. plummeted 32.1 percent in March, according to Placer.ai. Despite those negative figures, McDonald’s real estate strategy remains a positive—a positive that could help it navigate choppy economic waters.

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Property Management

Warehouse Tenants and Landlords Say They Are Following CDC Guidelines to Keep Facilities Safe. But Are They Doing Enough?

While a record number of American workers have been laid off or are working from home, warehouses and e-commerce distribution facilities are beefing up staffing to get groceries and other essential merchandise to consumers. But what are e-commerce companies and industrial property managers doing to keep their employees safe while they are working in those facilities?

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Technology

Give Your Remote Work Environment a Security Checkup

While you may feel confident with cybersecurity in the office, home is likely less secure by default.

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NREI Wire

HUD’s Carson Says He Wants Money for Hard-Hit Mortgage Servicers

U.S. HUD Secretary Ben Carson wants help for mortgage-servicing companies that are at risk of failing.

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Kushner Cos. Faces Squeeze in Brooklyn Over WeWork, Coronavirus

A deteriorating situation at four Brooklyn office buildings is adding to the company’s existing debt issues.

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12 Must Reads for the CRE Industry Today

New York's retail rents are plummeting, reports CNBC. Forbes looks at whether the trend of seniors moving to downsized housing in the city might end. These are among today’s must reads from around the commercial real estate industry.

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