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In addition, the REIT states that several planned portfolio sales will likely be delayed until later this year or next year due to the lack of financing available for hotel transactions.
The federal agency has posted a 45-minute webinar responding to a range of inquiries about privacy and disclosure, national origin and age discrimination, pregnant employees and other matters.
There are strong arguments that businesses should not be able to use a force majeure argument to throw away their contracts, write attorneys Ian Lis and Eli Gordon.
"This suggests the average lease-up time for new speculative product following delivery in Chicago's industrial market is longer than other markets. This lease-up time will likely be extended further by the Coronavirus pandemic and ensuing economic response," Colliers states.