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Equinox Taps Kirkland & Ellis, Centerview for Debt Advice

(Bloomberg)—Equinox Holdings Inc., the luxury gym chain, is working with legal and financial advisers as it seeks to manage upcoming debt obligations and ride out pressures from the Covid-19 pandemic,…
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11 Must Reads for CRE Investors on Oct. 22, 2020

The pandemic is threatening urban renewal in cities across the nation, according to the Associated Press. San Francisco restaurants can increase indoor capacity…
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Rents Plummet on Urban Apartments

Thousands of apartments stood empty in August 2020 that had been occupied only a few months before in urban cores across the country, including in previously white-hot markets like San Francisco…
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Retailers, Landlords Get Ready for Extra Long Holiday Sales Season

Due to the COVID-19 pandemic and economic anxiety, will it be “bah humbug” when it comes to U.S. holiday retail spending in 2020? Thanksgiving Day sales are pretty much cancelled, and the typically…
JC Penney store

J.C. Penney Drafts Purchase Agreement with Simon, Brookfield, Lenders

(Bloomberg)—J.C. Penney Co. has formalized a planned sale to its bankruptcy lenders and biggest landlords, but must first finalize a staggering lease agreement in less than a week to close the…
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Remedying CRE’s Biggest Prospecting Challenge

Sponsored by Reonomy If there’s one thing we’ve learned in 7+ years of business, it’s that the way information is recorded on commercial properties and owners is a disservice to the prospecting…
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U.S. CRE Prices Climb by 1.4% in Third Quarter

(Bloomberg)—U.S. commercial real estate deals tumbled in the third quarter as Covid-19 continued to hammer the economy, but prices showed signs of improvement, according to Real Capital Analytics…
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11 Must Reads for CRE Investors on October 21, 2020

Uber founder Travis Kalanick is acquiring vacant restaurants and auto body shops for his ghost kitchen venture, reports the Wall Street Journal. U.S. single-family…
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Self-Storage Sector Holds Up Amid the Pandemic

A confluence factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the…
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How COVID-19 Is Driving CRE’s Digital Transformation

The COVID-19 pandemic has been a significant driver of technological adoption across almost every industry, as knowledge workers adapt to working from home and doing business virtually. This shift…