IKEA

11 Must Reads for CRE Investors on September 15, 2020)

The parent company of New York Sports Clubs has filed for bankruptcy, reports the Wall Street Journal. Amazon plans to hire 100,000 more workers to keep…
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CMBS Investors Likely to Get Dinged by Non-Recourse Loans

One of the big selling points of CMBS loans—their non-recourse structure—may come back to haunt investors in the COVID-19 recession. A growing number of borrowers are throwing in the towels…
larry-silverstein

Larry Silverstein Talks COVID-19, Office Buildings and NYC

Following the events of 9/11, big city officials and many urban office owners nationally, but particularly in New York City, feared office tenants would flee urban centers. Their fears were never…
mobile-home-park

Blackstone Looking to Buy Mobile Home Parks in $550M Deal

(Bloomberg)—Blackstone Group Inc. is pouring more cash into mobile-home parks, a corner of the commercial real estate market that is holding up in the pandemic. The alternative asset manager…
JPMorgan Chase headquarters

JPMorgan Finds Younger Employees’ WFH Productivity Falls

(Bloomberg)—A troubling pattern emerged as most of JPMorgan Chase & Co.’s employees worked from home to stem the spread of Covid-19: productivity slipped. Work output by younger employees…
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The Top 20 Cross-Border Buyers of U.S. CRE in the First Half of 2020

A report from Real Capital Analytics looks at which cross-border buyers continued to be active in the U.S. in the first half of the year There is no doubt that the COVID-19 pandemic has taken its toll on the performance of U.S.…
stockholm-sweden

Doomsday Real-Estate Bets Rejected by $40 Billion Swedish Fund

(Bloomberg) -- The woman running one of Sweden’s biggest pension funds says the Covid crisis has done less damage to property markets than some feared. That’s why Kristin Magnusson Bernard,…
IKEA

11 Must Reads for the CRE Industry Today (Sept. 14, 2020)

NMHC President Doug Bibby, who had been scheduled to step down in January, has decided to delay his departure for a year, reports Multi-Housing News. California…
IKEA

A Close Look at Ikea’s Plan to Become an Urban Property Developer

Swedish retail giant Ikea, known for its inexpensive, modern, hard-to-assemble furniture, traditionally doesn’t target urban cores. Instead, it typically builds its warehouse-style stores, averaging…
IKEA

Manhattan’s Newest Skyscraper Is Opening Up to a Dead Midtown

(Bloomberg) -- SL Green Realty Corp. is opening its new $3.1 billion office skyscraper Monday, in a neighborhood that’s among Manhattan’s busiest -- but is now still unusually quiet. The first…