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
2307 Beverley Road in Flatbush, Brooklyn (Getty)
Sears closing up shop in New York City
Sears closing up shop in New York City
The Broadway location of Halloween Adventure (Facebook via New York Costumes / Halloween Adventure)
Halloween Adventure to vacate East Village home as retail condo hits market
Halloween Adventure to vacate East Village home as retail condo hits market
LVMH Chairman and CEO Bernard Arnault (right), Dacra CEO Craig Robins and the Louis Vuitton store in Miami’s Design District
Making it rain in Miami’s Design District
Making it rain in Miami’s Design District
Purchases across the country rose 0.7 percent in August, easily outpacing estimates by retail analysts. (iStock)
Big month for retail sales bodes well for landlords
Big month for retail sales bodes well for landlords
385 First Avenue and Ben Shaoul (Google Maps, Getty)
385 First Ave requiring Bitcoin for retail condo sales
385 First Ave requiring Bitcoin for retail condo sales
Outdoor dining in Times Square at Tony's Di Napoli (Getty)
Sidewalk space a hot commodity as city mulls permanent outdoor dining
Sidewalk space a hot commodity as city mulls permanent outdoor dining
The Springs Tavern (Compass)
Two East Hampton restaurants are up for sale
Two East Hampton restaurants are up for sale
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
NBA store settles rent-collection lawsuit suit with landlord Moinian Group
arrow_forward_ios

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

Loading...