Bloomberg, April 17, 2020–Natalie Wong With stores shuttered, struggling retailers are skipping rent and asking for concessions, while landlords are demanding payment and having their own tricky conversations with lenders.https://www.msn.com/en-us/money/realestate/fight-over-commercial-rent-gets-ugly-as-default-wave-looms/ar-BB12MCfQ?ocid=spartandhp
Category: Top National News
The Coronavirus Pandemic Will Likely Leave a Lasting Legacy on Retail: Fewer Department Stores
CNBC, April 19, 2020–Lauren Thomas Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. “This is a liquidity crisis of enormous …
Multifamily Data Starting to Show Early Impacts of COVID-19
Mortgage Professional America, Apr. 9, 2020–Kasi JohnstonEarly impacts from the effects of the COVID-19 pandemic on the U.S. housing market are now apparent, as first quarter reports show early declines …
31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
New York Times, Apr. 8, 2020–Conor Dougherty As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. www.nytimes.com/2020/04/08/business/economy/coronavirus-rent.html?
New York City Apartment Leases Tumble While Renters Stay Put
Bloomberg, Apr. 9, 2020–Oshrat Carmiel New York apartment leases plunged last month as coronavirus stay-at-home orders kept the city’s renters from moving. www.bloomberg.com/news/articles/2020-04-09/new-york-city-apartment-leases-tumble-while-renters-stay-put?srnd=premium =
With Millions Unemployed, Hotel Industry Lobbies to Spend Stimulus on Other Needs
Washington Post, April 14, 2020–Jonathan O’Connell Hotels were among the earliest businesses to feel the economic sting from coronavirus shutdowns and the first to ask Congress for aid, as top …
Avoiding a COVID-19 Disaster for Renters and the Housing Market
Urban Institute, Apr. 13, 2020–Laurie Goodman, Dan Magder This brief examines the consequences of not helping renters, the assistance that has already been provided through the Coronavirus Aid, Relief, and …
Chris Tomlinson: Time for Some Kind Bargaining in Commercial Real Estate
Houston Chronicle, April 13, 2020–Chris Tomlinson Good businesspeople know how to strike a deal that benefits all parties, and in the time of COVID-19, responsible businesspeople will negotiate deals where …
CRE’s Potential Winners and Losers in a Virus-Hit World
National Real Estate Investor, Apr. 13, 2020–Elaine Misonzhnik COVID-19 will likely leave the world and the commercial real estate industry looking different than before. Here’s how the current pandemic could …
Fed Minutes Reveal Alarm Over Coronavirus Disruptions to Economy, Market
Wall Street Journal, Apr. 8, 2020–Nick TImiraos (subscription)Federal Reserve officials reacted with growing alarm to market disruptions prompted by the spreading coronavirus pandemic in March, prompting them to cut interest …