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Taubman Centers has sent a letter to tenants informing them that they have to make their payments on time.
CGS3 attorney Chris Rizza says that retail rents will dip in the short term as landlords work with tenants to curb defaults.
Nadel Architecture + Planning says community-focused retail has been important during the entitlement process.
Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution.
Grocery-anchored retail centers are performing well through the pandemic as people stock up on essentials.
Retailing in the digital age transformed itself to compete with the likes of Amazon, but as a result, this industry is better prepared to perform during the current health crisis without even realizing it.
An industrial warehouse in North Los Angeles has traded hands, but it could be the last for a period as the market pauses.
Second hand retailers are growing rapidly with $28 billion in sales volume in 2019 and an expectation that sales will double by 2023.
With rapid spread of the COVID-19 virus, landlords should be concerned about potential claims of infection in common areas.
With people rushing out to grocery stores and pharmacies, daily needs retailers are doing well amid the crisis.