As some states begin to loosen stay-at-home restrictions and others move to fully reopen, retail landlords have to find viable ways to keep tenants and shoppers safe as business activity picks up. To find out how some owners are navigating these unchartered waters, NREI spoke to Sanford D. Sigal, CEO of shopping center owner NewMark Merrill Cos., which operates about 80 centers located throughout California, Colorado and Illinois.
Chicago-based Harrison Street Real Estate Capital LLC has shown no signs of taking a tumble. The investment management firm completed about $1.5 billion in deals during the first four months of this year. And for all of 2020, it’s on track to meet or exceed the $7 billion in deals it carried out last year.
Commercial real estate hiring is a mixed bag, according to analysis of Indeed.com’s job postings that Bisnow wrote up. Brookfield has launched a $5 billion rescue fund to aid retailers, reports the Financial Times. BlackRock raised $1.3 billion for a European property fund, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
