We’ve been aggressively warning our landlord clients since mid-March that failure to tactfully, sincerely, and immediately engage with tenants during this time of crisis possess a slew of risks — reputational, transactional and economic.
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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.
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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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