Reacting to the coronavirus-initiated closures of their properties, mall REITs furloughed or laid off employees, slashed executive pay, chopped expenses and scrubbed development projects to staunch the financial bleeding. Yet those immediate measures won’t preserve the lifeblood of mall REITs… Read More
On Friday, May 22, 2020, the California Senate Judiciary Committee voted in favor of an amended version of SB-939, which would limit the rights of many commercial landlords to enforce certain provisions of their leases. The two critical provisions in… Read More
On May 27, 2020, the House passed the Paycheck Protection Program Flexibility Act by 417-1, which attempts to ease restrictions on small businesses as they seek loan forgiveness under the Paycheck Protection Program authorized by the CARES Act. The House… Read More
Introduced in a pre-pandemic world, a pair of California measures opposed by commercial real estate will go before state voters in November, who may be much more receptive to their ability to boost local budgets. In one, the California Schools… Read More
As the realities of COVID-19’s impact on the economy become clearer, businesses are looking to strengthen their capital reserves for immediate needs and other core activities. A growing number of retailers, logistics firms and other corporate real estate users are… Read More
COVID-19 is impacting life in many unexpected ways, but it’s been a boon for U.S. online grocery sales. “The interesting thing is COVID broke down the psychological barrier that had prevented many shoppers from buying groceries online, and in a… Read More
Many commercial real estate investors are itching to get deals in motion again. The relaxation of stay-at-home orders to varying degrees around the country is getting people out of their homes and back to work. But a big problem now… Read More
Many lenders that hit the pause button on new originations at the start of the pandemic are stepping back into action, albeit with a more conservative playbook than they had at the start of the year. One big difference: lenders… Read More
The social distancing measures designed to slow the spread of COVID-19 resulted in a sudden and near-complete shutdown of many businesses across the economy. Many of these businesses may struggle to pay their rent in the months ahead, resulting in… Read More
Starbucks has made payments in full to landlords during the COVID-19 crisis. But as stores begin to reopen with modified operations to maintain physical distancing, the Seattle-based coffee house giant has asked property owners for rent relief through summer 2021…. Read More