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Eight Must Reads for the CRE Industry Today (Feb. 2, 2021) The Real Deal looks at how co-living developer Quarters ended up filing for bankruptcy. Some suburban New York and New Jersey businesses have been thriving during the pandemic, reports The New York Times. These are among today’s must reads from around the commercial real estate industry. Mall REIT Cashes In on GameStop’s Wild Week on Wall Street “The financial world has been scratching its head as hedge funds sweat bullets over the atmospheric stock price rise of declining video game retailer GameStop. Driven by a community on the popular social media platform Reddit that calls its WallStreetBets, retail investors have been pumping stocks to short squeeze ‘meme worthy’ companies like GameStop, Blackberry, Nokia and AMC. A few days ago Redditors began discussing another stock, Macerich, which Redditors began referring to as ‘GameStop’s landlord.’” ( ....
This series asks rising stars in commercial real estate about their thoughts on some of the biggest issues facing the industry, including inequality, climate change and technology. Growing up, Northwestern Mutual Real Estate Associate Nylz Reyes never thought he’d wind up in commercial real estate, much less making a difference for people of color in the industry. “I was never even that big about race,” Reyes told Bisnow. “I would get into arguments with my siblings because I was so much like, ‘It’s all about work.’” Courtesy of Nylz Reyes Northwestern Mutual Associate Nylz Reyes in his home office, standing beside a photo collage of his four inspirational figures in commercial real estate. ....