Blog

SB 939 that allows retailers to break leases with little penalty puts landlords in rage

June 1, 2020

Senate Bill 939, written by Senator Scott Wiener (D-San Francisco), was approved by the Senate Judiciary Committee on May 22 by a 5-1 vote. It would allow withholding of rent for more than a year and permits hospitality tenants in California to terminate their leases if negotiations with landlords fall through. According to the bill, small business…

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Increasing store closures amidst the global crisis

May 29, 2020

Realizations come kicking in as the global pandemic conquered the real estate industry. Perhaps you already quite know about this, but let’s make it today’s topic – America’s malls are incredibly dependent on retailers, particularly department stores – and this is such a crucial issue now that the rate of retail store closures accelerates rapidly. …

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Coronavirus effect piling up, results to distressed pricing in commercial real estate

May 28, 2020

The COVID-19’s effect is uncompromising as more drawbacks in commercial real estate arise. Valuations has now become the main talk as realtors face uncertainty in property pricing. The industry is in a turmoil in finding out where prices are at and where they might be headed. The perception that the entire market is at halt…

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U.S Retail Rents keep on dropping as more companies file bankruptcy

May 22, 2020

According to Moody’s Analytics on its forecast in the first week of May, retail rents may drop at 11% this 2020.  This is based on the current data of US CRE markets collected by the Moody’s Analytics Real Estate Information Services (REIS) group. Burdened with wide-scale store closures, retail industry is expected to be affected worst and…

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April U.S retail sales, what does the numbers tell us?

May 18, 2020

It’s not bizarre to learn how much the economy deflated in the recent weeks, everyone especially those in the business know firsthand how the pandemic affects the market. In this graph presented by ICSC, numbers from U.S. Census Bureau keep on shrinking and it was well manifested on April. Reports show how much retail industry had…

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Rent Relief and Landlord-Owner Relationship

May 15, 2020

Real estate industry is taking a massive blow from the effect of COVID-19. With many businesses facing huge declines in revenue due to coronavirus, the government has instructed landlords, tenants and financiers to agree on new arrangements to provide rental relief. Because businesses are forced to close temporarily, tenants cannot produce rent, landlords cannot collect…

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The fix – for now?

May 15, 2020

Since the start of the pandemic, panic and fear enveloped the world thus forcing individuals to make adjustments on their daily lives. Prioritizing health and safety the most, different strategies are being executed to stop the spread of coronavirus. The government discourages people to go out if not necessary, advised everyone to maintain social distancing…

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