Commentary

Evictions plummeted even in cities without eviction bans.

Adaptive reuse is particularly powerful in sparking future revitalization and inspiring new growth.

There are other programs beyond the Paycheck Protection Program that can aid distressed CRE firms.

Control of real estate and online shopping presence will play a role in which firms survive.

This is an excellent time to invest in certain areas of CRE to take advantage of the distressed assets with historically low prices.

Astute operators are realizing they can execute a long-term lease for the underlying real estate and sell it off to a private net lease investor seeking a long-term passive investment.

Understandably, businesses are looking at ways to stem the tide of mounting losses and are looking to their all-risk insurance policies for help. Most of these claims, however, have been or likely will be denied and, as a result, hundreds of businesses all over the country are filing lawsuits against their insurance carriers.

New York City Mayor Bill de Blasio delivered another striking blow to property owners when he signed into law N.Y.C. Council Int. No. 1932-A (2020) on May 26, 2020. The new legislation prohibits landlords from enforcing personal guaranties on certain commercial leases for defaults occurring between March 7, 2020 and Sept. 30, 2020.