NREI WIRE

Facebook leases all the office space in the former main post office at Penn Station in Midtown, reports The New York Times. Department stores are struggling to survive in the current retail landscape, according to the Wall Street Journal. These...

Eighty-three percent of New York City restaurants are unable to pay their rent, reports the New York Post. The survival of J.C. Penney hangs on urgent sale negotiations, according to Reuters. These are among today’s must reads from around the...

The private equity firm plans to focus on properties in secondary and tertiary markets in the Southeast.

Investors are acting on the growing conviction that the Federal Reserve will skew its bond-buying program to the long end.

MGM Resorts posted a 91 percent decline in quarterly revenue, reports the Wall Street Journal. SL Realty is looking to sell an office property in the Hudson Yards area, according to The Real Deal. These are among today’s must reads from around the...

Fannie Mae reported a partial recovery in earnings in the second quarter, according to the Wall Street Journal. The majority of REITs will be dealing with water scarcity within a decade, reports Chief Investment Officer. These are among today’s...

The closures are part of “portfolio rationalization” and will involve mostly low-volume sales locations.

Washington lawmakers introduced a bill that would create a government-backed funding vehicle for struggling CMBS borrowers, according to the Wall Street Journal. Retailers that have introduced policies requiring masks in stores are finding them...

In the second quarter, the U.S. homeownership rate jumped to 67.9 percent, according to the Census Bureau.

The Federal Reserve extended its lending facilities through the end of the year, reports Reuters. Sycamore Partners has offered a $1.75 billion bid for J.C. Penney in a plan to combine it with Belk, according to the New York Post. These are among...