Instant Insights Coronavirus and CRE

MGM and other casinos in Las Vegas are temporarily closing to mitigate the spread of the virus.

Every single major investor, institutional family office from overseas, has hit the stop button, according to Ari Rosenblum, co-founder and CEO of Vie Management.

Despite the Federal Reserve slashing interest rates to near zero, similar to actions taken during the 2008 Financial Crisis, bankers have pressed the brakes on originating new loans as the economic environment becomes more uncertain amid the coronavirus.

Landlords are putting out calls in influx to legal counsel in the wake of new laws Congress has passed to alleviate financial pressures the coronavirus, also known as COVID-19, has caused with social isolation measures in effect.

With rapid spread of the COVID-19 virus, landlords should be concerned about potential claims of infection in common areas.

Many are suspicious of recent growth and wondering whether another crash is unavoidable so Clever Real Estate investigated the housing and mortgage markets leading up to and since the Great Recession.

South Florida public agencies have canceled zoning and commission meetings where action on proposed developments was pending, but construction, permitting and inspections continue.

The new fund will provide more than $100 million in low-interest loans to severely impacted small businesses over the coming months, targeting historically under-resourced communities with an emphasis on minimizing hardship for those businesses and their employees.