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
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“New” CRE Valuations Unknown
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
Borrowers Add Cash to Complete Loans
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
REIT Outlook During COVID-19
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 Asks Landlords for 12 Months of Rent Relief
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
COVID-19 + Jack in the Box = Redefined Value
The COVID-19 pandemic has pushed Jack in the Box to look beyond the traditional definition of value, CEO Lenny Comma said. Value is usually equated with price and the quantity one receives for that price. But Comma said consumers’ evaluation… Read More
Buyers Wait for Seller to Crack
(Bloomberg)—The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic. With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is… Read More
Impact of Senate Bill 939
On Wednesday, a new California law was proposed in the Senate that would allow all small businesses financially hurt by the coronavirus pandemic to be able to renegotiate their lease and leave the lease more easily, as well as halting… Read More
Proposed Changes to PPP in $3T Stimulus Bill
Democrats in the House of Representatives presented a $3 trillion stimulus package Tuesday that includes changes to the Paycheck Protection Program requested by voices in the restaurant industry. The program provides loans to small businesses contingent upon them rehiring employees…. Read More
Restaurant Growth On Hold, Post COVID-19 Opportunities
The outlook for post-COVID-19 restaurant expansion remains cloudy, but a slowdown in new-unit development is inevitable, according to operators and observers. Some operators that were well-financed before the pandemic and have business models that support off-premise dining could be poised… Read More