NREI Daily
Wealth Management FinTech
 

SEPTEMBER 10, 2020

Top Story

Multifamily

Multifamily Developers Offer Generous Concessions to Fill New Buildings

Up to two months of free rent along with other concessions are now becoming prevalent as builders attempt to lease up new projects.

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Analysis

Finance & Investment

PREA Consensus Survey Predicts a Dismal Year in NCREIF Returns

The retail property index is expected to drop 11.4 percent and not return to positive territory until 2022.

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Alternative Properties

Airbnb’s Quick Pivot to Rural and Suburban Rentals Helping It Proceed with its IPO

The vacation rental site’s flexibility when it comes to its property portfolio helped it rebound much quicker than traditional hotels.

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NREI Wire

WeWork Sues Downtown Boston Landlord for Nearly $12M

The coworking giant alleges its new landlord has not repaid money owed for building out its space at 100 Summer St.

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Petco Owners Weighing $6 Billion Sale or Public Offering

The owners of Petco Animal Supplies Inc. are exploring a sale or initial public offering that could value the retail chain at $6 billion, including debt, according to people with knowledge of the matter.

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11 Must Reads for the CRE Industry Today

The National Multifamily Housing Council found 76.4 percent of apartment households made a full or partial rent payment for the month by September 6. Mall owners Simon Property Group and Brookfield Property Partners are close to finalizing a deal to rescue J.C. Penney from bankruptcy, reports CNBC. These are among today’s must reads from around the commercial real estate industry.

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