Retail

Rising interest rates and restricted capital is also a major impact on the Phoenix market.

The Philadelphia-based retail REIT estimates the measures will create nearly $300 million in incremental liquidity.

Under the scenario Trepp used, the cumulative default rate across commercial mortgages overall will rise to 8%, up significantly from the current 0.4% default rate.

Janus Property Company, a real estate development and management company based in New York City, has secured a 10-year lease for its West Harlem Manhattanville Factory District property dubbed the Sweets Building, a 200,000-square-foot former brewery redeveloped to include an office building.

The pandemic may not meet the force majeure clause in some contractual obligations.

Landlords and tenants who understand how to mesh brick-and-mortar and e-commerce will continue to thrive when the turbulent waves of the pandemic subside, says Stephen Coslik, chairman of Woodmont.