With the COVID-19 shutdown interrupting business operations across a large swaths of industries, office tenants have begun seeking rent relief. For example, Kenneth S. Fields, Los Angeles attorney at law firm Greenberg Glusker, says his office tenant clients are asking if they can stop paying rent, and landlord clients are seeking advice on what to do if tenants stop paying.
The once-booming fitness sector is taking a hit from the COVID-19 pandemic as big-box gyms and boutique fitness studios shutter across the United States.
By David Lari, Andrew Fogg, Scott Abrahamson and Michael Polvi
As the pandemic continues to spread, its impact on medical office buildings (MOBs) is posing a set of challenges unique to this asset class and putting industry players to the test.
In this episode of Common Area Podcast, David Bodamer speaks with Adam Hooper, the founder and CEO of RealCrowd. Together, they discuss the impact that COVID-19 is having on commercial real estate, which was in a fairly strong position prior to the pandemic.
Construction firms have had a larger share of loans approved than other industries so far under a government program meant to help small businesses survive the coronavirus outbreak, and the average loan amount for all applications has been about $239,000, a new report shows.
Home-sharing leader Airbnb Inc. lined up $1 billion in debt, adding to last week’s same-size haul and boosting a financial cushion it can use to grow and pay bills as the global coronavirus pandemic crushes demand for travel and diminishes the prospect of an initial public offering.
March was a catastrophic month for U.S. retailers, reports The New York Times. Non-traded REITs are not letting individual investors withdraw their cash from property funds, according to the Wall Street Journal. These are among today’ must reads from around the commercial real estate industry.
