West Coast operators encountered another significant hurdle when California Gov. Gavin Newsom closed in-restaurant dining in mid-July. But for Southern California-based Del Taco, not so much. The mandate didn’t interrupt operations for the Mexican-American chain; all 294 company-operated stores have… Read More
Landlords are Turning Anchors into Fulfillment Centers
Beleaguered retailer Sears plans to close its store at Morgantown Mall in Morgantown, W.Va. before the end of this year, leaving an 80,000-sq.-ft. space without an anchor. But in a move that would have been unimaginable in the heyday of traditional… Read More
McDonald’s is Done Playing Defense
While the country’s public health situation appears to be worsening, McDonald’s believes it’s left the bottom behind. The fast-food chain running today, CEO Chris Kempczinski said Tuesday, is pandemic ready. It took nearly 50 operating changes to get there, and… Read More
REIT Rent Collection Shows Continued Improvement
WASHINGTON, DC, (July 22, 2020) — Nareit has conducted its fourth monthly survey of REIT rent collections in the wake of the COVID-19 pandemic and related economic dislocation. Re-openings in many parts of the country beginning in May continue to… Read More
Stimulus Bill #2: HEALS Act
On Monday, Senate Majority Leader Mitch McConnell (R-KY) announced the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, backed by Senate Republicans as their opening bid for “Phase 4” economic relief ahead of negotiations with Senate and House Democrats…. Read More
Operating Drive-In Theaters in Retail Parking Lots
The once-popular drive-in movie theater is back in vogue as many U.S. movie theater chains remain closed due to the COVID-19 pandemic fallout. In those markets where theaters have reopened, the coronavirus fears may scare moviegoers away. Now new pop-up drive-ins… Read More
REITs Show Strong Recovery as Economy Reopens
The REIT market showed strong signs of recovery as staggered reopenings occurred across the country in the second quarter, reversing more than half of the losses sustained in the first quarter. The FTSE Nareit All REITs Index, the most comprehensive U.S…. Read More
CRE’s Push for Renter & Retail Help in Next Stimulus
Commercial real estate leaders have been pushing to make sure the agreed-upon bill includes their priorities, such as providing support for renters & small businesses, ending the eviction moratorium and assisting building owners in implementing safety measures. Many priorities that… Read More
Impacts of Subchapter 5 of the Bankruptcy Code
Recent revisions to the U.S. Bankruptcy Code might open the door to headaches and heartaches for landlords that rent to small businesses. In August 2019, Congress created what’s known as Subchapter 5 of the Bankruptcy Code. Subchapter 5 is designed to… Read More
Biden to Change Tax Treatment of 1031 Exchanges
Joe Biden, the presumptive Democratic candidate for president, today unveiled a 10-year, $775 billion plan to fund universal childcare and in-home elder care that would be paid for by taxing real estate investors. During a live appearance in Delaware this… Read More