Update #4: Tenant Realities & Planning
COVID-19’s impact on retail real estate will force us all to delve deeper into our tenant’s businesses than perhaps any of us ever have.
read more
Why We Advocate
I was quoted in this article that ran in the Boston Globe today. I think it is a very fair and important article, but I flinched a bit when I came across my own words: “When it comes to a lot of Main Street retailers, we’ve been telling our clients they’re not going to get April rent anyways.”
read moreUpdate #3: A Lot to Process
We’ve spent more time this week talking to Landlords (locally and nationally), reading policy pieces from other professionals, and tracking the scale of economic damage to tenants, which is rapidly bleeding over from food, beverage and entertainment to other segments of our economy.
read moreBusiness Interruption Insurance: Part 3 (From the Experts)
We remain in touch with both legal and insurance experts and the most recent communication to share here is from Attorney Eric Allon of Bernkopk Goodman LLP.
read moreBusiness Interruption Insurance: Part 2 (From the Experts)
I’ve stayed in touch with Abby from Licata Risk Advisors since posting our Business Interruption Insurance piece earlier this week and she just forwarded me a memo her firm released to clients.
read moreBusiness Interruption Insurance: Possible Recovery Option for Small Businesses?
We have had dozens of conversations over the past serval days with both small business owners and landlords and one specific topic seems to be on everyones mind of late: Business Interruption Insurance (“BII”).
read moreLiquor Licenses Buy Backs to Support Our Restaurants: Now Is the Time
What if there was a state program that pumped money into restaurants by buying back their liquor licenses at a fixed rate and replacing all such licenses with original issue, no-value, non-transferable licenses?
read moreUpdate #2: Brace Yourself
With Governor Baker’s order last night for MA (and other similar orders across the country) we have more clarity re: the days ahead as related to regulations surrounding places of public accommodation & public gatherings.
read moreTo Open Or CLose
This just in earlier this morning from East Cambridge Business Association. At around the same time the Mayor of Cambridge called for closing of all restaurants, bars and non-essential business in Cambridge.
read moreUpdate #1: Waiving The Cautionary Flag
We believe it is necessary that we, as a real estate community, immediately grasp the gravity of the threat to the retail and service businesses in our projects and neighborhoods and act swiftly to accommodate as best we can, understand, and respond to inevitable requests of relief from tenants.
read more
