As we will be off for Memorial Day on May 25, there will be no NREI Daily newsletter on Monday. We will return to our regular newsletter schedule on Tuesday, May 26.
The Mall of America, the largest U.S. shopping center, missed two months of payments for a $1.4 billion commercial mortgage-backed security, the latest sign of the devastating impact of pandemic-related shutdowns on the retail industry.
Eight local hotels owned by Tharaldson Hospitality Management are part of a nationwide portfolio in default on its loan, according to a firm tracking such loans on commercial properties.
CNBC looks at what going back to the mall might look like. The commercial real estate sector in Houston is expected to be disrupted for months, according to the Houston Chronicle. These are among today’s must reads from around the commercial real estate industry.
