Northeast

Whether you have always worked remotely or are new to it in March 2020, there are so many things you can be doing for clients—right now—that are both extremely helpful to them and will also ensure you get more work down the road.

Regulators have also granted banks more leeway to make short-term modifications on loans.

"It's been a seller's market for years. Now we have a shock to the system."

Consistent with the governor's order last week, the city clarified that the following as life-sustaining businesses or services: laundromats, veterinary hospitals, pet stores, retail banks (allowing drive-through or limited lobby access), stores that primarily repair cell phones, and bicycle or motorcycle repair shops.

Whether your insurance policy covers an interruption to your business, including lost rents, depends upon the policy's language.

However, the firm also reported that is buybuy BABY and Harmon Face Values (Harmon) stores would remain open subject to state and local regulation in order to service essential infant, health and personal care needs.

Additionally, the order mandates that all businesses or non-profits, wherever practicable, must accommodate their workforce for telework or work-from-home arrangements.

Key to all of this is having an open, candid and timely conversation between development sponsors, lenders, and the construction management team.