What Took so Long? After Years of Brick & Mortar Meltdown Punctuated by the Pandemic, Two Mall REITs File for Bankruptcy by Wolf Richter • Nov 2, 2020 • 152 Comments CBL and Pennsylvania Real Estate Investment Trust were both toast before the Pandemic. The banks are stuck.
The State of American Restaurants, by City, November Update by Wolf Richter • Nov 2, 2020 • 178 Comments “Seated diners” get scarcer again as new Covid cases surge.
High Times in the Plague Year: Booze & Cannabis Retailers Shine by John McNellis • Oct 31, 2020 • 98 Comments Landlords already know this: People are getting more toasted than Wonder Bread.
Americans Are Super-Gloomy About Holiday Spending, But Industry Ramps Up for Blockbuster Christmas by Wolf Richter • Oct 27, 2020 • 183 Comments Something is afoot here. And someone is going to be wrong.
Jingle Mail Haunts Commercial Mortgage-Backed Securities as Property Values Get Slashed Below Loan Amounts by Wolf Richter • Oct 26, 2020 • 125 Comments At the time of securitization into CMBS a few years ago, inflated collateral values led to soothingly low loan-to-value ratios. Then trouble hit.
Down-to-Earth View of the “Recovery” in Near-Real Time, Eight Months into the Pandemic by Wolf Richter • Oct 21, 2020 • 112 Comments As seen by indicators that have sprung up as a result of the Pandemic.
Stimulus & Debt-Deferral Economy: Americans Splurged. Huge Price Increases Boosted Auto Sales. Liquidation Sales Pumped up Department Stores by Wolf Richter • Oct 16, 2020 • 154 Comments Depicted by my 13 whiplash-charts.
Disney Struck. Cinemas, Landlords Live Nightmare in Brick-and-Mortar-Meltdown Series as Movie Debuts Shift to Streaming by Wolf Richter • Oct 12, 2020 • 121 Comments Efforts to redevelop dying Stonestown Galleria in San Francisco turn into mess. The beating of landlords will continue until mood improves.
Cinema Chains Near Collapse: The Problem Beyond the Pandemic by Wolf Richter • Oct 5, 2020 • 189 Comments Out-of-money-date for Cineworld — owner of Regal, second largest movie theater chain in the US — is in November or December, but it’s hoping for a US taxpayer bailout.
Commercial Real-Estate Fallout Even Douses the Queen of England by Nick Corbishley • Sep 26, 2020 • 54 Comments Office Workers Are Again Told to Work from Home, Retailers Don’t Pay Rents, UK Commercial Property Owners Sink Deeper into the Mire.
