Hotel occupancy climbs but looting takes toll

Overall hotel occupancy rates climbed last week, but that was tallied before this week’s protests, in which vandals damaged theWit hotel in the Loop. (Credit: Google Maps)
Overall hotel occupancy rates climbed last week, but that was tallied before this week’s protests, in which vandals damaged theWit hotel in the Loop. (Credit: Google Maps)
Hotel occupancy climbs but looting takes toll

24 Hour Fitness in talks with bidders ahead of bankruptcy

24 Hour Fitness CEO Tony Ueber (LinkedIn, Getty)
24 Hour Fitness in talks with bidders ahead of bankruptcy

Construction, retail, restaurants lead May jobs rebound

The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)
Construction, retail, restaurants lead May jobs rebound

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

From left: Brandon Shorenstein of Shorenstein Realty, Steven Roth of Vornado, John Westerfield of Mitsui Fudosan America, and Stephen Ross of Related (Getty, iStock)
TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

What would a WeWork bankruptcy look like?

WeWork CEO Sandeep Mathrani (Wikipedia, iStock)
What would a WeWork bankruptcy look like?

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24 Hour Fitness CEO Tony Ueber (LinkedIn, Getty)

24 Hour Fitness in talks with bidders ahead of bankruptcy

24 Hour Fitness is in talks with entities to find a stalking horse bidder ahead of a court-supervised bankruptcy....

24 Hour Fitness in talks with bidders ahead of bankruptcy
The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)

Construction, retail, restaurants lead May jobs rebound

The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1...

Construction, retail, restaurants lead May jobs rebound
Miguel McKelvey (Getty)

Miguel McKelvey out at WeWork

Miguel McKelvey is leaving WeWork, the embattled office-sharing company he helped found in 2010. McKelvey was one of the few remaining executives at WeWork following its failed attempt to go public and bailout by...

Miguel McKelvey out at WeWork
From left: Brandon Shorenstein of Shorenstein Realty, Steven Roth of Vornado, John Westerfield of Mitsui Fudosan America, and Stephen Ross of Related (Getty, iStock)

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

Big Tech has been a major driver of office leasing activity in recent years. But that may soon change....

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement
Overall hotel occupancy rates climbed last week, but that was tallied before this week’s protests, in which vandals damaged theWit hotel in the Loop. (Credit: Google Maps)

Hotel occupancy climbs but looting takes toll

For the ninth week in a row, overall Chicago hotel occupancy rates inched higher, another sign that the city...

Hotel occupancy climbs but looting takes toll
Developers pulled back on advertising as online traffic and print subscriptions grew (iStock)

Real estate ad dollars vanished as pandemic spread

Eyeballs were looking for real estate to ogle online, but developers pulled back on hawking their properties. The amount...

Real estate ad dollars vanished as pandemic spread
WeWork CEO Sandeep Mathrani (Wikipedia, iStock)

What would a WeWork bankruptcy look like?

In April, a Manhattan landlord who leases a large space to WeWork received an email from a broker who was working on behalf of the struggling co-working company to renegotiate its office leases. “I...

What would a WeWork bankruptcy look like?
Community nonbank lenders are saving minority-owned businesses

Community nonbank lenders are saving minority-owned businesses

Many community-based nonbank lenders are stepping to help minority-owned businesses damaged in the civil unrest that’s gripped cities across...

Community nonbank lenders are saving minority-owned businesses
“We must do better”: Real estate leaders move to address discrimination in industry

“We must do better”: Real estate leaders move to address discrimination in industry

Nationwide protests over the killing of George Floyd at the hands of police have quickly shifted to a larger...

“We must do better”: Real estate leaders move to address discrimination in industry
Simon Property Group’s David Simon (Simon by Mireya Acierto/Getty Images; iStock)

Simon Property Group sues Gap for $66M in unpaid rent

The gloves are off between the biggest mall operator in the country and one of its most important tenants....

Simon Property Group sues Gap for $66M in unpaid rent
Brookfield CEO Brian Kingston

Brookfield’s Brian Kingston on the firm’s mall strategy, $5B retail relief plan and response to George Floyd protests

UPDATED, June 4, 10:31 a.m.: Brookfield has been in the news a lot since the pandemic hit. The global investment giant’s private equity firm...

Brookfield’s Brian Kingston on the firm’s mall strategy, $5B retail relief plan and response to George Floyd protests
(Tomohiro Ohsumi/Getty Images)

WeWork, SoftBank hit with class action over failed IPO

A group of investors have filed a class action lawsuit against WeWork — the latest of a series of...

WeWork, SoftBank hit with class action over failed IPO
Construction cranes in downtown Chicago (Credit: iStock)

It looks bleak for new development in Chicago

The construction industry’s fears over the new development pipeline are being realized. The total value of nonresidential construction starts...

It looks bleak for new development in Chicago
Photo by Paul Dilakian

PHOTOS: With 5 days to reopen, is Manhattan ready?

Three months ago, Manhattan’s prime corridors were packed with shoppers, tourists and passersby. Covid-19 changed all that — and...

PHOTOS: With 5 days to reopen, is Manhattan ready?
Fredrik Eklund, Julia Spillman and John Gomes (Getty, iStock)

Threatened by tech, agents turn to app

Agents are trying to take back the power as virtual tours and contact-less showings threaten to displace them. Front and center is Julia Spillman, Douglas Elliman broker and CEO of the Eklund-Gomes Team, who...

Threatened by tech, agents turn to app
AMC Theatres doubts its ability to stay open amid COVID-19 pandemic (Getty)

Is it The End for AMC Theaters?

As moviegoers continue to Netflix and chill during the pandemic, movie theaters have been dark. Now, AMC Theaters has disclosed it may have trouble staying in business, according to the New York Times, citing...

Is it The End for AMC Theaters?
Join LA’s luxury luminaries for an all-star event June 11

Join LA’s luxury luminaries for an all-star event June 11

TRD Associate Publisher Hiten Samtani will host an all-star panel of top L.A luxury residential agents on June 11....

Join LA’s luxury luminaries for an all-star event June 11
(iStock)

US hotel occupancy climbs for the seventh-straight week

U.S. hotel fundamentals climbed for the seventh week in a row as the country comes out of the depths...

US hotel occupancy climbs for the seventh-straight week

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