Across the country, some landlord groups are scurrying to prepare legal challenges to pandemic-provoked eviction bans or already have gone to court. NREI solicited opinions about the bans and the pending lawsuits from five attorneys.
There are some jobs that, for various reasons, are best done on-site. For example, industries where critical supply chain, manufacturing or agriculture are the primary business are requiring certain support employees to return to the office to ensure that production continuity and logistics demands are met.
By Ted Hunter, Andrew M. Reidy, Courtney E. Alvarez, Alex Rosenthal
Landlords and tenants have turned to existing insurance products as a potential source of recovery. To date, the efforts to recover losses have focused on seeking recovery under property insurance policies, including pursuing claims for business interruption.
More than $20 billion in CMBS loans has been transferred to special servicing, according to data from Fitch. Malls and stores are reopening without a federal system in place to check whether establishments have been involved in COVID outbreaks, reports Yahoo News. Mitchell Rudin has been appointed chairman and CEO of Savills North America. These are among today’s must reads from around the commercial real estate industry.
