capitol building money

Eight Must Reads for CRE Investors on Aug. 1, 2020

MGM Resorts posted a 91 percent decline in quarterly revenue, reports the Wall Street Journal. SL Realty is looking to sell an office property in the Hudson…
california-pizza-kitchen

California Pizza Kitchen Files for Bankruptcy

(Bloomberg)—California Pizza Kitchen Inc. filed for Chapter 11 bankruptcy in Houston on Wednesday, becoming the latest restaurant chain to try to cut debt as it grapples with the pandemic. “For…
capitol building money

10 Must Read Items for CRE Investors on July 31, 2020

Fannie Mae reported a partial recovery in earnings in the second quarter, according to the Wall Street Journal. The majority of REITs will be dealing with…
office puzzle pieces

Office Tenants Look at Consolidation as Leases Expire

Insurance giant AIG recently announced that it will keep its headquarters in New York City, but is moving next year from the Financial District to Rockefeller Center at 1271 Avenue of the Americas,…
packages conveyor belt

Goldman Sachs Invests in “Last-Mile” Industrial Portfolio

(Bloomberg)—Goldman Sachs Group Inc.’s merchant banking division has struck a deal to invest in warehouses across the U.S. in a bet that e-commerce will accelerate and drive demand for logistics…
dunkin-brands

Dunkin’ Brands to Close 800 U.S. Stores in 2020

(Bloomberg)—Dunkin’ Brands Group Inc. said it expects to close about 800 stores in the U.S. permanently this year, as well as about 350 internationally. The closures are part of a “real estate…
capitol building money

The CRE Industry Reacts to Proposed CMBS Rescue Fund

Congressional Representatives Van Taylor (R-Texas), Al Lawson (D-Fla.), and Andy Barr (R-Ky.) have officially introduced into Congress H.R.7809, which would direct the Secretary of the Treasury…
capitol building money

NREI's Common Area: An Update on Restaurants and Food Halls

In episode 40 of NREI's Common Area podcast, David Bodamer speaks with Phil Colicchio and Trip Schneck about how independent restaurants and food halls have been affected by the COVID-19 shutdown…
apartments money

The Rush to Refinance Multifamily Properties Continues

As has been the case for much of the recent crisis, borrowers are continuing to try to capitalize on favorable rates to refinance apartment properties—that is, when they can find lenders willing…
capitol building money

13 Must Reads for CRE Investors on July 30, 2020

Washington lawmakers introduced a bill that would provide create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall…