- CBL Properties Announces Agreement With Credit Facility Lenders and Unsecured Noteholders Paving the Way for a Fully Consensual and Comprehensive Restructuring “The terms of the Amended RSA outline a revised plan for restructuring the Company’s balance sheet that provides for the elimination of more than $1.6 billion of debt and preferred obligations as well as a significant reduction in interest expense.” (Via press release)
- SL Green Announces COVID Testing Sites Across Entire NYC Portfolio “SL Green has contracted leading testing provider, Mobile Health, for its testing locations and has negotiated preferred testing rates for all tenants within the SL Green family. All of SL Green’s nearly 900 tenants will be able to receive testing beginning April 8 as an additional measure to instill confidence in the safety of returning to offices.” (Via press release)
- What Public Markets Are Saying About the Value of Real Estate “The performance of REITs can tell you a lot about what investors, sophisticated and not, are thinking about where future value can be found in real estate. We rounded up some of the top REIT sectors gaining attention.” (Propmodo)
- Pay for Corporate Real Estate Professionals on the Rise “Corporate real estate professionals have seen their compensation go on a consistent upswing for the last five years, according to the 2020 CoreNet Global End User Compensation Survey. Additionally, the latest figures indicate a remuneration boon of sorts from 2019 to 2020.” (Commercial Property Executive)
- Will the Multiplex Go the Way of the Drive-In? “This business shift threatens potential changes to the leasing and operation of retail centers because streaming will likely remain a viable alternative to theatrical release, at least for some films. Audiences will routinely have viewing options that avoid a visit to a physical theater for a new release.” (Holland & Knight)
- Dollar General to open 1,050 stores this year; expand two new formats “The discounter's plans for its current fiscal year include opening 1,050 stores, remodeling 1,750 sites and relocating 100 stores. Included in the expansion is the rollout of two larger-sized formats, both of which it began testing last year.” (Chain Store Age)
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