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The principals at George Smith Partners knew that there would be very few deals at that juncture, so it was critical to their survival to be positioned as one the few capital market advisers that were still doing deals.
During the slowdown, restaurants need to be focused on cash preservation and adapting to omnichannel strategies which will be vital to ensuring businesses properly allocate resources.
While some buyers are delaying or canceling escrows, Jon Rosenberg of Levrose Commercial Real Estate, says that post-pandemic discounts may be less than you think.
Unfortunately, this much-needed announcement has been marred by a departure from standard language, causing tax and legal professionals to debate the nature of the relief that the Notice granted.