The average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost their jobs, been furloughed or have been asked to stay home to fight the rapid spread of COVID-19.
Commercial real estate borrowers who were hoping to capitalize on dramatic Fed rate cuts and a drop in the 10-year Treasury to refinance loans at record low rates may have missed their window of opportunity—at least for now.
While many bricks-and-mortar stores have temporarily shut down recently because they were deemed as “non-essential” in a time of a pandemic, the debate has not been settled when it comes to marijuana stores. One thing that has been clear is that demand for marijuana has only shot up in recent weeks.
Resilience is not merely applying risk reduction and preparedness at a given site; but includes considering shared risks and resources across interconnected systems.
The family business of U.S. President Donald Trump is in informal discussions with Deutsche Bank AG about delaying some loan payments as the coronavirus forces widespread disruptions to the economy, according to a person familiar with the matter.
Neiman Marcus has advanced in its bankruptcy preparations, reports Reuters. A Brooklyn apartment building landlord has cancelled April rent for his tenants, according to The New York Times. These are among today’s must reads from around commercial real estate industry.
