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June 9, 2020

Early June Rent Collections Show Real Estate Isn’t Falling Off A Cliff Just Yet

[Webinar] What Is The State Of Financing For Industrial In Boston? Find Out At The Boston Industrial Summit: How The Highly Resilient Asset Class Is Adapting June 16

As May turned to June, news of the coronavirus pandemic and the pummeling it was delivering to the U.S. economy faded under the sounds of protest in the streets of cities across the country.

The economy is showing possible beginnings of an upswing. Restrictions on businesses are beginning to lift, white-collar workers are getting accustomed to remote working and benefits from the federal stimulus package have kept the vast majority of households treading financial water.

Early June Rent Collections Show Real Estate Isn’t Falling Off A Cliff Just Yet

But the recovery is limited, and signs are showing that broader pain to the real estate sector, often a lagging indicator of the economic realities on the ground, could be coming in the next few months.In dozens of interviews last week, owners of retail, office, multifamily and industrial properties across…

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Density Concerns Have Lab Tenants Looking Beyond Kendall Square

PRESENTED BY:   Lee & Associates
 
Density Concerns Have Lab Tenants Looking Beyond Kendall Square

For years, the biggest names in life sciences, pharmaceuticals and robotics have crowded into Cambridge’s Kendall Square, vying for talent and paying handsomely for laboratory space in the heart of a world-renowned research hub barely a quarter of a square mile in area.But in the age of a pandemic,…

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Variable Rent Makes A Comeback For Retailers In A Post-Pandemic World

Upheaval in the retail sector wrought by the coronavirus pandemic is changing lease agreements, both for the time being and into the foreseeable future.

One quick fix many landlord-tenant duos have settled on: percentage leases, a throwback to commercial real estate of two or three decades ago, Institutional Property Advisors Senior Vice President Joseph C. French Jr. said.

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AAREP President: It's Time For The Real Estate Industry To Be Actively Anti-Racist

 

Protestors have filled the streets of D.C. and dozens of major cities around the world over the last two weeks to speak out against police brutality and racism.

This movement has sparked a national dialogue on race, as individuals, companies and industries grapple with the institutional racism that has made it more difficult for African Americans to achieve success. This issue is especially prevalent in commercial real estate, an overwhelmingly white industry that has failed to diversify its ranks from entry-level positions to C-suites.

In the nation's capital, one of the epicenters of the protest movement, a group of black real estate professionals has been working for years to create more opportunity for people of color in the industry.

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Beyond The Bio: 16 Questions With Cooper Carry Principal Jerry Cooper

 

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

The decision for Jerry Cooper to venture out on his own as an architect was made over $5. More than 60 years ago, Cooper asked his employer, with whom he worked as an architect, for a raise. He was rejected.

Instead of giving up on the industry, Cooper raised a $1K loan from his wife and co-founded Cooper Carry with Walter Carry.

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California CRE Simmers As Protest Turmoil Rolls On

Across California, protests continuing in the wake of George Floyd’s death have property owners bracing for another round of damage after the movement's first wave last week.

Floyd, a 46-year-old black man, died during a nine-minute filmed encounter with police in Minneapolis on May 25. That video has sparked nationwide protests over his death, a perceived lack of police accountability and documented police brutality against black men. The Minneapolis police officers involved have been arrested and charged with crimes ranging from murder to aiding and abetting.

Organizers of protests nationwide have denounced property damage committed by looters, both across the country and regionally. Requests for more specific comment were not returned.

CGI, a multifamily owner, investor and developer, told Bisnow that its executive team has been mobilized to figure out how to best protect not just its buildings, which were in the path of the protests across Los Angeles, but also its tenants. CGI said that as part of that, it has deployed more security guards to its apartments in Hollywood, downtown Los Angeles, West Los Angeles, and the Koreatown and La Brea neighborhoods. 

“We increased security in all of our buildings, not because we thought something was going to happen, but we wanted to take the extra mile to protect our tenants,” CGI partner and Chief Financial Officer Zion Perets said.

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