Eight Must Reads for the CRE Industry (April 3, 2021)

#Lifestyle Wealth


  1. The Ghosts of Brooks Brothers “The whole mass was abandoned here in the fallout of Brooks Brothers’ bankruptcy filing and sale last year, the scraps of a retailer that made nearly $1 billion in sales in 2019. Ever since, the couple that owns the warehouse, Chip and Rosanna LaBonte, has been scrambling to figure out how to get rid of it all. Junk removal companies have told them it will cost at least $240,000 to clear the space, which Brooks Brothers had rented through November. In order to pay the bill, the LaBontes are going to have to sell their home.” (The New York Times)
  2. Malls tout proposed changes to REIT rules as good for retailers “Still, the changes being considered on Capitol Hill could further the ongoing disruption of the mall's fundamental business model. At its core, that entails filling its space with tenants that come and go as years go by; renewing leases and raising rent, or bringing in new tenants when leases end; all the while collecting cash rent.” (Retail Dive)
  3. Buying a Home Through an LLC Is Not as Anonymous as It Used to Be “Confidentiality is the reason many celebrities use LLCs to own their homes, since that allows them to shield their identity and avoid having their true name and home address posted in county registries, which are easily accessible online in many states. But due to new laws designed to crack down on money laundering and tax evasion, buyers may find that even an LLC doesn’t protect their personal information from disclosure these days.” (The Wall Street Journal)
  4. For New York City, Glimmers of Hope and Signs of Revival “Shoots of the budding optimism pop up almost daily: The Mandarin Oriental Hotel overlooking Central Park called back workers for a reopening this week. Union Square Café, a popular Manhattan restaurant that had been closed for months, is feeding diners again. Fans were in the stands again when the Yankees opened their season in the Bronx on Thursday, though limited to one-fifth of the seats.”(The New York Times)
  5. Empire State Realty Trust Gets $850M Credit Facility “Empire State Realty Trust closed on an $850 million, four-year unsecured revolving credit agreement to replace the company’s existing undrawn revolving credit facility that was due to expire in late August. The new credit facility has an initial maturity of March 31, 2025, with two six-month extensions at the company’s option.” (Commercial Property Executive)
  6. Embattled Cuomo Pushes Skyline-Altering Penn Station Real Estate Plan as Critics Mobilize “The Empire Station Complex plan sets out to eventually overhaul the transit hub with revenue generated by a massive real estate deal in the surrounding blocks. A key hurdle for the project, at least in the short-term, rests in the state budget negotiations as Cuomo tries to ram a $1.3 billion bond deal past some reluctant lawmakers.” (The City)
  7. Online Commercial Real Estate Financing Platform Lev Raises $10 Million “The seed investment was led by Pete Flint from NFX. And other investors included Caanan Partners, and JLL Spark, the strategic investment arm of commercial real estate services firm JLL. The previous lead investors Animo Ventures and Ludlow Ventures also participated in the funding.” (Pulse 2.0)
  8. As Competition For Top Real Estate Talent Heats Up, Employers Aren’t The Only Ones Being Hyper-Selective “In fact, remote working mandates have hastened the hunt for dynamic team members. There is a new level of emphasis placed on qualities such as assertiveness, the ability to execute with little oversight, adaptability and communication style.” (Forbes Real Estate Council)

https://www.wealthmanagement.com/cre-wire/eight-must-reads-cre-industry-april-3-2021

PropellerAds

To Find More Information, Go To Saubio Digital And Look Up Any Topic

Please follow and like us: Share This Post




Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.

So browse through a category and make your  preferred selection and come back here to read  more choice articles and get a few more helpful tips on ways to help your enhancement.



Detoxing Reviews

Best Body Detoxification Guides & reviews





Colon Cleanse Reviews

Best Colon Cleanse Guides & Reviews





Weight Loss Ebook Reviews

Weight loss products really work! Click here





Dating and Romance Ebook Reviews

Looking for Dating Guides? Click here





Free Traffic System - Increase Targeted Website Traffic with Free Unlimited One Way Links

As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”

Leave a Reply

Your email address will not be published. Required fields are marked *


Saubio's Promo Tools

As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”