Retailers are beginning to pay a larger share of their rent as store locations reopen across the country, but many still remain on pause in terms of rent payments, according to the most recent Datex report. Here are 10 retailers that have and 10 that have not paid rent through July, as the industry deals with the fallout from the COVID-19 pandemic.
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The overall slowdown in investment sales activity that affected all commercial real estate assets in the second quarter is not expected to leave a lasting mark on industrial real estate.
Banks and other financial institutions have griped about being inundated with new rules and regulations over the past decade. But for the new Current Expected Credit Losses (CECL) accounting rules—which went into effect at the start of the year for many public filers—the timing really could not have been worse.
With all of the uncertainty around COVID-19, the economy and the future of retail, investors hit the pause button on new deals as investment activity plunged in the second quarter. Volume plummeted 73 percent year-over-year to $4.6 billion, according to data firm Real Capital Analytics.
Check out NREI's latest High Net Worth Commercial Real Estate Investment Trends research. This year's study spotlights how HNWI allocations and approach to the sector has (and hasn't) changed in the wake of the COVID-19 pandemic. The survey was compiled from nearly 500 respondents in the commercial real estate sector, including a mix of owners, investors, brokers and analysts.
New York State Governor Andrew Cuomo has expanded an emergency moratorium on commercial evictions, reports the New York Post. Europe has overtaken the U.S. as the most active market for real estate transactions, according to Bloomberg. These are among the must reads for the commercial real estate industry.
