News Ticker

COVID-19 News Round-up for November 10th

Credit: AZ Big Media

Budget, Policy & Stimulus News 

Judge Orders PPP Loan Information Release 

Late last week a U.S. District Judge James E. Boasberg ordered the Small Business Administration to release detailed information on Paycheck Protection Program and Economic Injury Disaster Program loans by November 19th. The information to be released includes the names and addresses of all individuals and organizations that received loans under the programs, as well as the loan amounts. (Source) 

Economic News 

Longer Leases, Concessions Becoming Common 

It what’s being called a ‘win-win’ for both sides, a trend is emerging in which landlords of retail and restaurant spaces are offering rent reductions and other concessions in exchange for longer leases. Tenants benefit from lower overhead costs – particularly important in the age of COVID-19 – and landlords receive more favorable consideration from banks and lenders when the time comes to sell. (Source) 

Multifamily Investors Looking to Add Value 

Despite a battered economy, investors in the multifamily market are still looking for assets. Compressed cap rates and market uncertainty, however, have led many to look at ways to sweeten their opportunities by adding value without the need for expensive renovations or expansive physical amenities. Management improvements have become a key item of consideration. (Source) 

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