Short-term rental industry is taking a hit, reports the Wall Street Journal. The New York Times looks at how the economy can survive. These are today’s must reads from around the commercial real estate industry.
Over the weekend a coalition of 15 industry trade groups called on the federal government to establish a liquidity facility for mortgage servicers, reports Housing Wire. Commercial tenants in the U.K. are struggling...
Neiman Marcus has advanced in its bankruptcy preparations, reports Reuters. A Brooklyn apartment building landlord has cancelled April rent for his tenants, according to The New York Times. These are among today’s...
Trump Organization properties are missing out on millions of dollars in lost revenue daily, reports the Wall Street Journal. The Financial Times looks at how the coronavirus is starting to affect rents. These are...
Washington is weighing a new infrastructure plan to help create jobs, reports The New York Times. FHFA chief warns this crisis might be worse than the subprime mortgage meltdown, according to the National Mortgage...
Some of the most risk-hungry real estate lenders are starting to come under pressure, reports the Wall Street Journal. Walmart will screen the temperatures of employees and provide them with masks and gloves...
Some people are calling for rent strikes in cities like New York, Boston and Los Angeles, according to the Associated Press. Whole Foods workers are getting ready to stage a nationwide strike on Tuesday, reports Vice...
Taubman sent a letter to its tenants last week saying it expected rent to be paid on April 1, reports CNBC. Mortgage bankers are pushing for aid from the Fed as an unintended consequence of bond-buying measures is...
Grocers get a preview of consumer demand shifting to buying food online amid the coronavirus, according to the Wall Street Journal. WeWork demands tenants continue to pay rent at locations that remain open, reports...
Construction workers in New York City are still working in crowded conditions on luxury towers, reports The New York Times. The coronavirus shutdown might pose an existential crisis for REITs, according to The Real...