In Today’s News
Shopping Center REIT CBL Goes into Forbearance
Shopping mall REIT CBL (NYSE: CBL) is now in forbearance over a missed interest payment and told the SEC this week that it makes no assurances about mounting debt problems. That’s after CBL said last month that its ability to continue operating was in doubt.
Long Faces Around Real Estate Roundtable as 2Q Grinds Down
The second quarter left commercial real estate executives sharply more gloomy than at the end of the first quarter, but if jobs return and businesses can safely reopen, that will make things better, according to The Real Estate Roundtable’s just released 2020 Q2 Economic Sentiment Index.
Drive-In Theaters May Pose a Pandemic Investment Opportunity
People can’t sit in theaters in most places but in a lot of places they can still sit in their cars and take in a flick. Check out this piece that takes a look at that niche that may be just the ticket for some investors.
Zillow Sees Zip in Residential Market Rebound
Nationwide, homes are selling as fast as they have in the past two years and median prices have inched up again, Zillow says in its weekly market report.
Today on Millionacres
Tanger Brick-and-Mortar Reopens, Ramps Up its Own E-Commerce
Tanger Factory Outlet Centers (NYSE: SKT), a stalwart of in-person destination shopping, says the doors are now open at all of its 39 outlet malls and that most of the stores inside are, too. The REIT’s also ramping up its online shopping prowess.