WMRE Daily
WMRE Daily

MARCH 19, 2021

Top Story

Recovery Expected to Come Much Faster for Resort and Value Hotels

The U.S. hotel sector won’t fully recover from the pandemic until about 2025. But some segments are coming back much faster than others. 

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Commentary

Twelve Potential Biden Tax Changes to Keep an Eye On

The next federal fiscal year begins on October 1, 2021, and budget reconciliation will become available again, which means Biden and the Democratic Party-controlled Congress will have the opportunity to press forward with their proposed changes to the tax laws.

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WMRE Wire

New York Mall Owner Tries to Hang on With Debt Storm Swirling

Reappraisals slashed valuations on eight of Pyramid Management Group’s malls by an average of 59 percent.

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Columbia Property Gets Takeover Offer from Investors

A group of investors made an unsolicited proposal to acquire the REIT at roughly $2.24 billion in an all-cash deal.

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Six Must Reads for the CRE Industry Today

Google plans to spend $7 billion on office buildings and data centers this year, reports The Wall Street Journal. Not all of last year’s retail bankruptcies were caused by the pandemic, according to a Fitch report. These are among today’s must reads from around the commercial real estate industry.

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