The COVID-19 pandemic and subsequent widespread orders to close theaters, retailers and restaurants – or severely restrict their operations – are forcing landlords and tenants to the negotiating table to figure out a way to survive, yet some tenants see the pandemic as a prime opportunity to break their lease and are displaying little interest in working with landlords to find financial aid, says David Greensfelder, founder of Greensfelder Real Estate Strategy, an Albany, Calif.-based provider of strategic planning, market analytics and development services for owners, occupiers and...

Greensfelder Real Estate Strategy Managing Principal David Greensfelder said the governor's new orders could create negative economic conditions for brick-and-mortar retail, which was already struggling pre-coronavirus. Greensfelder said one thing he found interesting in the governor's statement was that Newsom did not put an end date on this second shutdown. "I think the governor said it best, this was a dimmer, not a light switch," Greensfelder said. "He knew this was a process that they would take a couple steps forward and then a step back."  Read the Bisnow article by clicking...

California's indoor and leisure properties are being closed again.  Click here to download the Costar article.

COVID-19 safety accouterments come at a price.  Little leaguers are practicing, traffic congestion is returning, patrons are dining and drinking on restaurant patios and shoppers are venturing into nonessential stores. But reminders that times are not normal are everywhere: hand sanitation stations, latex gloves, social distancing markers, masks and Plexiglass. Lots of Plexiglass.  Click here to read the Shopping Centers Today article.

As coronavirus cases surge in states like Texas, Florida and California, some phased reopenings are stalling or even being reversed, leaving businesses and property owners uncertain about their future viability.  Download a PDF of the article here.