Eight Must Reads for the CRE Industry Today (Dec. 12, 2020) Democrats in Congress have launched an investigation into the Kushner Co.’s deal on a New York office tower, reports Bisnow. One third of commercial leases since March mention pandemics as a force majeure event, more than double for leases inked prior to COVID-19, according to Law360. These are among today’s must reads from around the commercial real estate industry.
Kushner s Deal With Brookfield For 666 Fifth Ave. Under Congressional Investigation “Two Democrats, Sen. Ron Wyden of Oregon and Rep. Joaquin Castro of Texas, launched an investigation this week into whether the deal influenced the Trump administration’s policy stance on Qatar, the Financial Times reports. Wyden is the ranking member of the Senate Finance Committee. Castro is the chairman of the House Foreign Affairs Subcommittee.” (