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Month: April 2020

Mall stocks fall as retail sales plunged in March

Robert Taubman of Taubman Centers, Louis Conforti of Washington Prime Group and David Simon of Simon Property Group (Credit: Donato Sardella/Getty Images, Mireya Acierto/Getty Images, iStock) The stocks of mall real estate investment ...

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  • 15 Apr
  • The Real Deal
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After “shock and awe” of coronavirus, more tenants paying April rent

After an initial “shock and awe” of the coronavirus crisis, tenants across the US have now paid 84 percent of rent in April, according to a new report. Landlords are bracing for a rougher May. (Credit: iStock) Landlords may be ...

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  • 15 Apr
  • The Real Deal
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Loan servicers caught short-handed as tidal wave of requests for relief hits

Securitized commercial mortgage servicers are short-staffed as thousands of borrowers request relief (Credit: iStock) As the volume of troubled real estate loans ebbed in recent years, servicing firms that oversee hundreds of billions ...

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  • 14 Apr
  • The Real Deal
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“Be very careful what you ask for,” top broker warns borrowers seeking relief

As thousands of commercial real estate borrowers look for help to make their monthly mortgage payments, they should do so cautiously. “We’re advising our borrowers, be very careful what you ask for,” warned Ackman Ziff Real Estate ...

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  • 14 Apr
  • The Real Deal
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Knotel says one-third of members want rent relief

Knotel CEO Amol Sarva (Credit: Sasha Maslov) Roughly one-third of Knotel’s members are looking for a break on rent, the flex office space company disclosed Tuesday. As Knotel grapples with its own financial woes, the figure sheds light ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Compass: We can survive slump of 6 to 9 months

Compass CEO Robert Reffkin (Credit: Getty Images; iStock) Compass is one of the richest residential brokerages, fortified with $1.5 billion in venture capital. Now facing an uncertain economic future, the company said it has enough ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Force majeure lawsuit over LA land deal is simply an act of cold feet, ExxonMobil says

Renderings of what Pacific Collective had planned (Credit: Pacific Collective) A lawsuit filed in Los Angeles County may test which real estate deals can be voided due to the coronavirus pandemic. Pacific Collective, a Santa Monica ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Retail landlords are creating a blacklist of tenants who aren’t paying rent

As several large, financially stable tenants have pulled back on rent payments, landlords are weighing their options — and putting together a “blacklist” of “bad actors.” (Credit: iStock) While mom-and-pop retailers may be feeling the ...

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  • 14 Apr
  • The Real Deal
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LA County passes rent assistance measure for laid-off workers

The Los Angeles County Board of Supervisors. From left: Janice Hahn, Kathryn Barger, Sheila Kuehl, Hilda L. Solis, and Mark Ridley-Thomas. (Credit: iStock) The County Board of Supervisors approved a plan Tuesday to provide renters with ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Live Nation wants to renegotiate rents

Michael Rapino, CEO, Live Nation, and Live Nation’s Beverly Hills Headquarters (Credit: Kevin Winter/Getty Images, and Google Maps) Live Nation Entertainment is live music’s dominant force and among the biggest occupiers of space in ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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