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pennsylvania station new york city

Cuomo’s Penn Station Plan Would Fund Fixes With Office Complex

(Bloomberg) -- A New York state plan to redevelop the neighborhood surrounding Penn Station would clear the way for more than 14 million square feet of new offices, a massive addition of space that…
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10 Must Reads for the CRE Industry Today (July 3, 2020)

The latest stress test results from the Federal Reserve Board show that America’s biggest banks are facing up to $47.6 billion in losses from loans tied…
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COVID-19 Measures are Driving Interest in Smart Building Upgrades

The COVID-19 pandemic has accelerated interest in smart building technologies, especially for tasks such as building access control, monitoring HVAC systems and tracking density within spaces. And…
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NYC Delays Indoor Dining With Virus Cases Soaring Elsewhere

(Bloomberg) -- New York City will delay the return of indoor dining, which had been planned for July 6, as other states experience a spike in Covid-19 cases after reopening their restaurants and…
marshalls-store

Will Off-Price Retail Chains be Big Post-COVID-19 Winners?

Pre-COVID-19, off-price retail chains were some of the hottest picks in the sector, reporting increasing same-store sales and boasting plans to grow brick-and-mortar footprints. Those companies…
distributing face masks

12 Must Reads for the CRE Industry Today (July 2, 2020)

The Counselors of Real Estate identified the top ten issues affecting the real estate industry. Thousands of hotels face foreclosure due to the coronavirus pandemic, reports the Houston Chronicle. These are among today’s must reads from…
citigroup-branch-office

Citi Pulls Back on Plans for Office Return in 13 States

The changes come after infectious-disease expert Anthony Fauci told a Senate panel Tuesday that the U.S. is “going in the wrong direction.”
marshalls-store

Will Off-Price Retail Chains be Big Post-COVID-19 Winners?

Pre-COVID-19, off-price retail chains were some of the hottest picks in the sector, reporting increasing same-store sales and boasting plans to grow brick-and-mortar footprints. Those companies…
Victor MacFarlane

Victor MacFarlane Offers His Take on This Moment in CRE History

During his 41-year career in commercial real estate, Victor MacFarlane has witnessed five previous recessions, the end of the Cold War, the impeachment of two U.S. presidents, the rise of the internet,…
distributing face masks

10 Must Reads for the CRE Industry Today (July 1, 2020)

A study from Goldman Sachs showed that a national mandate requiring use of masks could help avoid a 5 percent hit to GDP, reported Business Insider. The…