Insights

With COVID-19 presenting some new challenges to the evolving retail industry; Shopping centers, restaurants, grocers, and other retailers are taking action to prevent the spread of the outbreak. These actions include temporarily closing, adjusting store hours, offering curbside pick-up, and encouraging online shopping. Many CRE experts have shared their concerns to business flow and progress […]

In a historic move during unprecedented times, due to the coronavirus outbreak, the federal government is taking action to reduce the impact on taxpayers. The Emergency Assistance Act instructed the Secretary of the Treasury “to provide relief from tax deadlines to Americans who have been adversely affected by the COVID-19 emergency, as appropriate, according to […]

Events are quickly unfolding surrounding the COVID-19 outbreak, with a growing impact across the globe. As coronavirus pressures mount, firms have curtailed travel, schools have closed, and people are practicing social distancing. As a result, consumer spending has decreased as people stay home, thus causing a ripple effect throughout the economy and commercial real estate. […]

For the week ending March 28th, 2020, the number of Americans filing for unemployment has skyrocketed to a record-breaking 6.6 million, according to a report by the Labor Department. This has sent a recently booming labor market into free fall. The previous record was 3.3 million claims filed the week of March 21st, 2020, as […]

President Donald Trump announced that he is extending his administration guidelines on social distancing to April 30th, 2020. Americans must continue to avoid nonessential travel, going to work, eating at bars and restaurants, or gather in groups of more than ten people for at least another month to curb the spread of COVID-19.

On March 25th, 2020, The White House and Senate leaders reached an agreement on a $2.2 trillion stimulus package that would offset the economic damage done by COVID-19. This package marks the most expensive and far-reaching measures made in the history of Congress. On March 27th, 2020, President Donald Trump signed the Coronavirus Aid, Relief, […]

Governor Gavin Newsom issued an executive order to ban the enforcement of eviction orders for renters affected by COVID-19 through May 31st, 2020. The order prohibits eviction order from landlords for nonpayment of rent and prohibits enforcement of evictions by law enforcement or courts. The moratorium also requires that tenants put in writing and provides […]

On March 18th, 2020, Trump signed into law a coronavirus relief package, and the Senate approved the new emergency funding. This economic relief bill will provide paid emergency and family leave for U.S. workers impacted by the illness, free testing for COVID-19, expansion of unemployment assistance, and nutrition assistance. Efforts are underway to enact a […]

In an emergency move on Sunday, March 15th, 2020, the Federal Reserve announced that it dropped its benchmark interest rate to zero, the new fed funds rate is now targeted at 0 – 0.25% down from the previous target range of 1.00 – 1.25%. The Fed’s decision was a result of the coronavirus outbreak harming […]