Senate Republicans are expected to unveil a $1 trillion coronavirus aid bill on Monday that will include a few key measures that will directly affect the commercial real estate industry. One of these measures is an overhauled unemployment benefit that would pay 70% of a person’s former wage, instead of the current $600 weekly benefit.
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Opportunity zones have already been tremendously popular among investors. With thousands of opportunity zones in varying markets, there has been a tremendous range of projects and players investing in opportunity zones. Yet, there could be more to come. The pandemic and related economic dislocation could generate even more demand for opportunity zones because investors are
As medical offices struggle to keep their doors open during COVID-19, they’re often going to their landlords to request relief. While medical office landlords might be inclined to provide this relief rather than seeing their tenants go out of business, Allison Nelson, co-deputy chair of Akerman’s real estate group, says laws specific to the healthcare
The CEO of Bloomin’ Brands, the parent company of restaurant chains such as Outback Steakhouse and Bonefish Grill, told CNBC on Friday that it is not experiencing rising food costs, rather that beef and seafood costs have “been an opportunity” during the pandemic. “There was some concern about the supply chain. That did not materialize like we
Blake Nissen | The Boston Globe via Getty Images If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers. The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily. That is
When he was planning for 2020, Tom Shapiro, President, founder and CIO at GTIS, expected a lot of headwinds. What he (and everyone else) got was a full-blown pandemic that has some people mentioning the word depression. “Nobody could have predicted COVID and a complete shutdown of the country,” Shapiro says. “But there were a
Despite the coroanvirus pandemic, home sales are up. If you were thinking of taking advantage of low mortgage rates yourself, first make sure you know what you can afford. “When we first decide to purchase a home, we get really excited about that ideal home,” said Winnie Sun, co-founder and managing director of Irvine, California-based Sun Group
View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,
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