Amazon extends free rent to small tenants for another month An Amazon spokesperson on Wednesday said the company will not collect rents from the restaurants and other small businesses that operate in its office towers. Amazon has not been collecting rent since March, when the pandemic mandated work-from-home policies. That emptied out office buildings across…Read more
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How COVID-19 might affect the commercial real estate market COVID-19 has negatively impacted every industry, including the commercial real estate sector. Whether or not this industry can bounce back — and to what extent — is dependent on several factors. “COVID-19 will usher in a form of real estate Darwinism where only the financially strong…Read more
Distressed real estate market beckons opportunistic buyers Hoping to take advantage of wreckage in the wake of the coronavirus pandemic, investors are preparing to snap up commercial real estate at rock-bottom prices. Long before states and cities closed businesses and issued stay-at-home orders, many real estate funds were stockpiling cash and waiting for a buyer’s…Read more
How Financial Institutions Can Make Their Commercial Real Estate Portfolios Crisis-Proof Over the last few weeks, nonessential businesses across the United States have temporarily closed their doors to help mitigate the spread of COVID-19. For many business owners, this has imposed several economic challenges. Even as retailers, restaurants, warehouses and office parks are shut down,…Read more
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