Some property sectors and investor segments may be well-positioned even in a pandemic. Others may be looking at an abyss.
Tenants of one of Wuhan’s largest malls are demanding rent cuts as a result of having no business during the shutdown.
Discretionary retailers are trying to use their online sales to make up for lost revenue. But not many people are buying clothes or handbags.
Some tenants are seeking a deferral of the full rent amount, while others are negotiating for partial rent deferral.
The retailer is asking a judge to let it skip rent payments amid the coronavirus outbreak.
Lenders must also act in good faith to forge solutions for forbearance, otherwise the federal government must mandate it.
Now is the time for borrowers to start documenting and to be transparent with their lenders.
E-commerce sales were up 25 percent in the middle of March compared to the start of the month.
The White House’s call for traveling New Yorkers to self-quarantine has spooked and confused some drivers.
More retail sales were already expected to move online over the past few years. The pandemic might accelerate that shift.