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Loan term sheets for identical assets are coming back varying 50 to 100bps on interest rate, as well as seeing material changes in amortization schedules and recourse requirements.
Besides the obvious categories, there are also other net lease winners that are performing well—some of which are even seeing stronger consumer activity than pre-crisis.
As more states reopen, it's critical for property managers to prepare to welcome their tenants in larger volumes, advise ownership on best practices and implement practices to keep everyone safe.
After several weeks of restrictive measures implemented to mitigate the effects of the coronavirus pandemic, business owners are increasingly being required to make difficult decisions in the face of significant liquidity shortfalls. These decisions raise a number of legal issues.
Although COVID-19 has certainly disrupted the real estate world, it has also, paradoxically, generated a novel opportunity for the industry and its evolution.
In many instances, the commercial property and sales tax revenue generated from a WPG asset is essential to the municipality within which it is situated, Louis G. Conforti writes.
In Chapter 11, the debtor will usually seek permission to use the income generated by the property. But if the license to use rents was terminated prior to bankruptcy, the rental income no longer is considered property of the debtor.