With little hesitation, one of my favorite Indian restaurants in Greater Boston is Shanti Indian Cuisine with locations in Dorchester (the original), Roslindale and Cambridge.
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Since it became established in the late 1800’s, the South End neighborhood of Boston has been home to a vast array of race, religion, age, socio-economic levels, and sexual orientation.
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Gov. Charlie Baker on Tuesday extended the order requiring non-essential businesses to close their physical locations to stop the spread of the coronavirus.
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Next to concerns for the well-being of their staff members, the topic of rent payments on retail leases has dominated most of our conversations with both small business owners and our landlord clients alike.
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Like everyone else, we’ve been scrambling to get a better understanding from SBA Preferred Lenders regarding the Paycheck Protection Program of the CARES ACT. This is the best summary we have got to date, which comes by way of a banker at People’s United Bank.
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Last week, the President signed a bill that will loan $350 Billion to small business and offer relief and support for its owners and workers. Unfortunately, it seems that the “stimulus” is mostly offering uncertainty and frustration for restaurant owners.
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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.”
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State Senator Jamie Eldridge has filed an action to make insurance companies pay for coronavirus closures. It could be a “game changer.”
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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.
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The proximity to Chinatown is most salient, giving us a front row seat and heightened awareness that something was more than a little amiss.
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