As all of us continue to adapt to the changes brought on by the Coronavirus, AIR CRE is being very proactive in its efforts to gather and provide you with the resources you need to best serve your clients.
The three issues I’ve been asked about most often during the past two weeks are, 1) potential delays of purchase transactions that are currently in escrow, 2) tenant’s and landlord’s rights relative to Coronavirus and 3) whether or not Force Majeure language in a lease applies to the current situation...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27. It provides economic support for American businesses and individuals affected by the COVID-19 pandemic. The provisions of the $2 trillion spending measure are wide-ranging and involve relief for tenants and owners of commercial real estate. Following is a summary of the law’s implications for stakeholders across the major commercial real estate property types.
As you can imagine, landlords are taking a variety of approaches to deal with requests for rent relief from their tenants. The most thoughtful approach I’ve seen so far is the following by one retail landlord...
The coronavirus relief package now covers the first six payments on small business refinancings under the SBA 504 Program.
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