PHOTOS: Revolts and reopenings

With nationwide protests, boarded up stores and the ongoing threat of Covid-19, the country’s top real estate markets are deep in crisis mode

National /
Jun.June 18, 2020 10:45 AM

George Floyd died in Minneapolis on May 25 after being pinned down by three police officers — one of whom kept his knee on Floyd’s neck for eight minutes and 46 seconds.

Footage of the brutal arrest sparked outrage across the county, setting off a wave of protests against police brutality and racism. Major cities such as New York and Los Angeles saw some of the most heated demonstrations.

The protests in some cases were accompanied by looting and violence, which prompted retailers in some cities to board up their storefronts just as cities began reopening from coronavirus shutdowns. It presented another challenge for gateway cities seeking to reestablish themselves as safe and desirable places to be in the era of Covid-19.

The social upheaval, which continues, carries huge implications for political leaders, police and the real estate industry, which has confronted its own record on diversity and its historically close relationship with law enforcement.


Related Articles

arrow_forward_ios
State Sen. Brad Hoylman and State Assemblymember Harvey Epstein (Getty)
Lawmakers propose canceling restaurant rent, providing relief for landlords
Lawmakers propose canceling restaurant rent, providing relief for landlords
Columbia University
Columbia University inks deals with 2 restaurants
Columbia University inks deals with 2 restaurants
(iStock/Illustration by Kevin Rebong for The Real Deal)
Year from Hell: 80% of Brooklyn businesses saw revenue drop
Year from Hell: 80% of Brooklyn businesses saw revenue drop
Macerich CEO Thomas O'Hern and PJT Partners CEO Paul Taubman (Macerich, PJT)
Macerich taps PJT Partners for assistance
Macerich taps PJT Partners for assistance
Gucci at Trump Tower (Getty)
Gucci renews lease in Trump Tower
Gucci renews lease in Trump Tower
Kohl's investors have a list of changes they want implemented. (Getty)
Activist investors urge Kohl’s to cut real estate, inventory
Activist investors urge Kohl’s to cut real estate, inventory
New Yorkers can enjoy going to the movies again on March 5. (iStock)
Showtime: NYC movie theaters to reopen
Showtime: NYC movie theaters to reopen
2 Ninth Ave (Google Maps, Lucid Motors)
Lucid Motors inks Meatpacking District lease
Lucid Motors inks Meatpacking District lease
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...