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13 Must Reads for the CRE Industry on March 3, 2021

13 Must Reads for the CRE Industry Today (March 3, 2021) An infrastructure bill is likely to cause challenges for President Biden, according to The New York Times. The Wall Street Journal looks at a company that tries to turn home rental tenants into homeowners. These are among today’s must reads from around the commercial real estate industry. After Stimulus, Biden to Tackle Another Politically Tricky Issue: Infrastructure “Unless the parties can agree on how to fund an infrastructure plan, Mr. Biden might have to try to push through another sprawling spending package with only Democratic votes. The task could prove exceptionally difficult given the competing pressures the president will face from centrists and progressives in his party and the absence of a pandemic emergency to help fuse those factions in support of the bill.” (

Kohl s Beats Estimates, Guides for Low Double-Digit Sales Growth in 2021

Kohl s Says It Has No Plans to Sell More Real Estate and Lease It Back Here s Why

The activists have also proposed a slate of directors for Kohl s board, which has been rejected by the big-box retailer. Kohl s has said the group s suggestions would only disrupt the momentum that it has recently seen, as it projects growth in 2021. On Tuesday, in an earnings presentation, Kohl s said it has employed sale-leaseback transactions in the past, when it was a clear efficient cost of capital, including in May of last year. Doing more sale-leaseback deals, though, would likely hurt Kohl s investment-grade status, and would increase rent expenses on its balance sheet, the company said. It further explained it must have a certain amount of assets, in order to be in compliance with its debt agreements.

Kohl s Posts Q4 Profit and Predicts Sales Growth in 2021

Kohl s Posts Q4 Profit and Predicts Sales Growth in 2021
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