APRIL 11, 2020

Top Stories

Property Management

Past Due: Tenants, Landlords Begin to Negotiate Rent Relief

By Beth Mattson-Teig, Contributing Writer

April 1st has come and gone. Exact numbers are spotty, but commercial owners are reporting that some tenants have not yet paid rent for the month—including as many as 50 percent of small businesses. That’s pushing tenants and landlords to the bargaining table to negotiate rent relief terms.

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Alternative Properties

Hotel Occupancies Have Cratered. What Happens Next?

By Bendix Anderson, Contributing Writer

The recovery hotel experts had hoped to see in June now seems more likely to potentially arrive in July or August.

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Alternative Properties

Bleak Outlook for the Seniors Housing Sector in the Near Term

By Sebastian Obando, Staff Writer

With the COVID-19 pandemic hitting nursing home operators hard, a bleak outlook looms over the seniors housing sector in the short- to medium-term, according to industry sources.

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Analysis

Office

WeWork Was Hardly a “Self-Sustaining Business” Before Coronavirus Hit. Its Prospects Now Are “Incredibly Gloomy”

By John Egan, Contributing Writer

It’s as if co-working giant WeWork absorbed the initial jolt of a 7.0-magnitude earthquake and continues to be rocked by aftershocks.

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Retail

With Stores Closed, Can E-Commerce Make Up for Lost Sales?

By Liz Wolf, Contributing Writer

Discretionary retailers are trying to use their online sales to make up for lost revenue. But not many people are buying clothes or handbags.

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Property Management

What Property Management Firms Are Doing to Mitigate COVID-19

By Sebastian Obando, Staff Writer

From enacting social distancing rules to changing renewal policies, most property management companies have an action plan in place.

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Podcast

Finance & Investment

NREI's Common Area, Episode 32

By NREI Staff

In this episode of NREI's Common Area, David Bodamer speaks with Adam Hooper, the founder and CEO of RealCrowd.

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Commentary

Alternative Properties

It’s The End of the World As We Know It… How Will Seniors Housing Fare?

By Beth Burnham Mace, Contributing Columnist

It’s the end of the world as we know it…and, no, unlike the lyric in the R.E.M song, I do not know anyone who is feeling fine…Uncertainty, fear, sense of disruption, anxiety, and a total lack of control are just a few of the sentiments many of us harbor these days. The rapid and indiscriminate spread of the COVID-19 pandemic has all of us on edge. We know that many of our fellow citizens are getting ill, and some are dying, and that the illness is more severe for our seniors. We also know that more than 3 million seniors live in seniors housing and skilled nursing properties.

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Property Management

What To Do About Notifying Tenants of a Confirmed Coronavirus Case

By Amanda Spain Wells

A tenant at your property has been confirmed to have the virus. How do you protect the rest of building residents, staff and vendors?

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NREI Wire

Wuhan Rent Protest Shows Unrest Brewing in China After Lockdown

Bloomberg

Tenants of one of Wuhan’s largest malls are demanding rent cuts as a result of having no business during the shutdown.

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Seven Must Reads for the CRE Industry Today

By NREI Staff

The Wall Street Journal looks at commercial cleaners hired to sanitize malls, banks and restaurants that remain open during the pandemic. Walmart hires an additional 100,000 new employees to keep up with rising demand, reports CNBC. These are today's must reads from around the commercial real estate industry.

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