February 10th – The Great Migration

What I'm Reading The Great Migration: A new report from JBREC suggests that An estimated 400,000 households will move specifically due to their work at home challenges. This segment will be dominated by young families, who report frustration with the limitations (noise, space, privacy) of their current setup for remote...

January 29th – Behind the Scenes

What I'm Reading Behind the Scenes: Unless you live under a rock, you have probably heard about the massive short squeezes (and crashes) in troubled retailer GameStop and struggling theater operator AMC over the past couple of weeks.  Both companies' stocks have soared but, despite the increases in valuation, both...

January 12th – Fallout

What I’m Reading Fallout: CoStar is estimating that the reckoning from COVID will eventually result in $126 billion of distressed real estate sales with a heavy concentration in lodging and retail.  However, with an estimated $200 billion of capital raised to capitalize on such an opportunity, it is difficult to see...

December 11th – Staying Power

What I’m Reading Staying Power: Office CMBS distress may last quite a bit longer than initially thought according to Trepp as revenues continue to decline while expenses rise.  Globe Street  See Also: As employers eagerly await the Covid-19 vaccines that promise to return staff to offices after months of working from home, new...

November 24th – Cracks in the Armor

What I’m Reading Cracks in the Armor:  Chuck E Cheese (CEC Entertainment) was able to successfully use a Force Majeure clause to lower its rent in a bankruptcy case.  This provided evidence that bankruptcy courts may be willing to grant debtors extraordinary relief in light of the ongoing pandemic, but...