Autumn in New York is grim this year, with the city’s tourism market among the worst in the U.S.
Institutional landlords filed more than 900 eviction cases across eight metropolitan areas from Sept. 2 to Sept. 8.
Institutional investors accounted for 28% of mobile home park purchases in the second quarter.
Foreign investors who backed real estate projects in return for U.S. visas are emerging as losers in the pandemic-driven commercial property crisis.
One in three renters failed to make their full payment in the first week of July.
The travel and hospitality industries are still largely crippled by the coronavirus outbreak.
The hospitality industry has been among the hardest hit by the coronavirus.
With travel virtually shut down across the U.S., hotels have emptied out as trips have been put on hold.
The virus outbreak has slowed travel globally.
Investors are fleeing commercial real estate funds as digital takes a larger bite out of brick-and-mortar stores.
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