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Virus Response Shutters 55% of U.S. Retail Space
Large-scale furloughs underscore the challenges in the industry as chains like T.J. Maxx temporarily close their doors.
Unemployment Claims Hit 16.8M in 3 Weeks
With an additional 6.6 million claims reported this morning, the figures paint a telling image of what’s expected this month.
Past Downturns Offer Perspective to Hospitality Sector
Years of outstanding growth in hotel occupancy and revenue could help speed up recovery in major markets.
Office Electricity Consumption Plummets Following Pandemic Restrictions
With millions of people working from home, demand for power fell dramatically in March.
Frontline Workers Get Access to 3 Million Hotel Guestrooms
The American Hotel and Lodging Association and a partnership of Hilton and American Express have introduced initiatives providing accommodations to health-care and emergency personnel.
USAA Real Estate Closes Restructuring Deal
Five months after announcing the transaction, USAA and its real estate arm have completed a management buyout.
The April Digital Issue of CPE Is Now Available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
US Loses 701K Jobs in March, Unemployment Climbs to 4.4%
Ending a steady streak of gains, the new figures are a strong hint at what’s to come in April.
Commercial Showings Deemed Essential in New York
The state has just released guidance clarifying that certain in-person real estate activities are permitted to continue.
CPE 100 Survey Reveals Sober Executive Outlook
A poll of industry leaders shows that executives expect a long wait before normal business comes back.