Private equity firm Thoma Bravo has struck a deal to acquire property management software developer RealPage for $9.6 billion, reports the Wall Street Journal. Reactions from Marketwatch and The New York Times assess some of the new COVID-19 relief packages measures meant to help renters and whether the deal is big enough to provide the needed jolt to the U.S. economy going forward. These are among today’s must reads from around the commercial real estate industry.
CVS Health and Walgreens have begun distribution of COVID-19 vaccines to residents and staff of long-term care facilities, reports CNBC. Flexible workspace provider Breather has laid off most of its staff and plans to shut more than 400 locations, according to Commercial Observer. These are among today’s must reads from around the commercial real estate industry.
The Commerce Department reported that retail sales fell a seasonally adjusted 1.1 percent in November and October sales were revised down to a decline of 0.1 percent. Bisnow analyzed whether or not the news of recent corporate moves to Miami are harbingers of a larger trend. These are among today’s must reads from around the commercial real estate industry.
Treasury Secretary Steven Mnuchin plans to leave the Fannie Mae, Freddie Mac privatization decision up to the Biden administration, reports the Wall Street Journal. Looming evictions disproportionately threaten families of color, according to Politico. These are among today’s must reads from around the commercial real estate industry.
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