A report by Moody's Analytics Real Estate Information Services predicts prolonged constructin delays in the apartment, retail and office sectors based on a comparison to the Great Recession of 2008.
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.
While many companies are declaring they plan to shift to permanent remote workers, others believe that these companies will change their footprint to focus on suburban locations.
Venus Over Manhattan is basing its arguments on "frustration of purpose" and "impossibility of performance" to free itself of the lease and get its deposit back.
A Coral Gables hospitality attorney who is helping retailers stay afloat during the coronavirus economic crisis says the next step is to reconcile the opposing concepts of social distancing and profits.
Nearly 40 real estate economists and analysts feel the COVID-19 recession will impact real estate markets and values less severely than the 2008 financial…