COVID-19 News Round-up for November 17th

Posted on November 17, 2020 by Monica Tapia in Budgets & Funding, Legislation & Regulations, Local News // 0 Comments

Credit: World Construction Today

Budget, Policy & Stimulus News

Federal Judge Delays PPP Info Release

A federal judge has granted the U.S. Small Business Administration‘s request for a stay in lawsuit seeking detailed information about the $659B Paycheck Protection Program. The SBA had requested the delay while it considers an appeal to a previous ruling ordering the release of names, addresses and loan amounts of all PPP borrowers. (Source)

Economic News

Net Lease Volume Up Slightly

Avison Young’s Third Quarter Cap Rate Report showed a 13.8 percent increase in net lease activity over the previous quarter. The average overall net-lease cap rate rose slightly from 6.36 percent to 6.56 percent, a 20.4-bp hike, with the average lease term hovering just less than 13 years. (Source)