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.
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Another Reason For Restaurants To Worry: Supply Chains
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.
read moreLove Thy Neighbor: A Current Snapshot of the South End
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.
read moreBaker Extends Order Closing Non-Essential Businesses
Gov. Charlie Baker on Tuesday extended the order requiring non-essential businesses to close their physical locations to stop the spread of the coronavirus.
read moreIt’s the first of the month: Talking to your landlord about rent and your lease
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.
read morePaycheck Protection Program Details (Bulleted)
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.
read moreCARES Act: The Employees First Approach
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.
read moreWhy 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 moreCould This Be the Bill That Saves Massachusetts Restaurants?
State Senator Jamie Eldridge has filed an action to make insurance companies pay for coronavirus closures. It could be a “game changer.”
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.
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