Retail

While it may take a while for servicers and banks to sell, this one group may be ready to make a deal.

Retail assets occupied by essential use businesses are seeing more demand and lower cap rates than they would have pre-pandemic.

B6 is seeking to negotiate a 99-year ground lease for the site at 350 Grand Concourse.

"A standoff with tenants could result in tenant default and eviction, or it could lead to more constructive negotiations between tenant, owner and lender," according to NAOIP.

Banks were the source of more than 70% of loan originations in the second quarter, a lending share that has more than doubled from recent averages. Much of that growth was driven by regional banks, according to the CBRE report.

Nearly 14 million square feet of retail space has been converted into industrial space to support ecommerce demand.

How will the retailer's new partnership and earnings announcements impact net lease?

July rent collections for retail properties increased nearly 15% compared to June and 36% compared to May.