Wendy’s appears to have turned a corner as global same-store sales grew in the low single digits during the final week of May. Comp sales sequentially improved each week in May after a disruption in beef supply. Wendy’s finished the… Read More

The pandemic of 2020 will test the convenience store industry’s reputation of being one of the most recession-proof retail channels in America. According to the 45th annual Convenience Store News Industry Report, total industry sales in 2019 fell by 1.9… Read More

In a rare display of bipartisanship, on June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) in an attempt to address many concerns expressed by the small business community around the Paycheck Protection Program… Read More

As high-net-worth individuals (HNWIs) and family offices survey the commercial real estate landscape, they’re seeing some peaks and some craters. They assuredly lacked a roadmap for navigating a landscape marred by the coronavirus pandemic, though. However, HNWIs and family offices… Read More

It is undeniable—the market trends the industry was forecasting at the end of 2019 no longer apply in 2020. In December, no executive was predicting the nation’s unemployment rate would go from a five-decade low to an eight-decade high in… Read More

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