Archive for May 2020

The availability of debt is one of the reasons why Class B apartments should weather the storm. By Les Shaver | April 28, 2020 at 07:03 AM Photo by Shutterstock Like many industries, commercial real estate has taken a hit over the past month. While some sectors, such as hospitality, have been severely battered, others should be able…

By Trish Riggs April 20, 2020 Insights into working with tenants and lenders to weather the coronavirus crisis were shared by a diverse group of real estate professionals—a niche developer and investor specializing in space for life science companies, a mixed-use developer focused primarily on downtown revitalization and development, an affordable housing developer, and a real…

 27 April 2020 Mike Phillips, Bisnow London Last week the government introduced new rules prohibiting commercial landlords from using the courts to try and force tenants to pay rent for the next 90 days, as businesses try to negotiate the fallout of the coronavirus pandemic. The property industry has pushed back against the measures, saying that…

April 28, 2020 Dean Boerner, Bisnow San Francisco Lauded by nonprofits as a game changer and decried by some brokers as a nuisance, a new law gives a handful of San Francisco nonprofits first and second dibs on most multifamily properties hitting the market.  Courtesy of IMPACT 3225 24th St., a four-unit property acquired by MEDA…

RSO OVERVIEW Photo by Aydin Palabiyikoglu under CC BY 2.0 If you own rental property in the City of Los Angeles, it may be subject to the city’s Rent Stabilization Ordinance (RSO). Find out if your property falls under this ordinance and what you need to know to be in compliance.  Generally, the RSO applies to rental properties that were first…

BY EMILY ALPERT REYES Tenants will soon have the right to sue landlords who violate restrictions that Los Angeles has placed on evicting renters during the coronavirus crisis, under a law passed Wednesday by the City Council. Renters could potentially win penalties of up to $10,000 per violation — or $15,000 per violation if the…

The legislation is about preventing wrongful evictions, but a clause in the measure bars landlords from kicking out a tenant whose rent was increased by an “unconscionable” amount. That means eviction based on nonpayment of a rent increase of more than 150 percent of the regional Consumer Price Index (about 3.3 percent this year), would…

May 3, 2020 Dean Boerner, Bisnow San Francisco  As public equities-laden pension funds reel from massive hits leveled by stock market volatility this year, commercial real estate will likely continue growing in importance for institutional investors in the long term, experts say. Sebastien Gabriel/Unsplash San Francisco In the short term, however, new equity deals from institutional investors have slowed, and many…

National May 5, 2020 Jonathan Berr, Bisnow Philadelphia and New Jersey Commercial property owners are gearing up to challenge the tax valuations of their investments in numbers not seen since the economic downturn last decade, according to interviews with tax attorneys who specialize in these cases. If successful, these appeals could cause major pain for…

Shortage of money and crush of applications leads the Small Business Administration to close its portal to most businesses and limit the size of loans. Treasury Secretary Steven Mnuchin discusses economic relief plans at a coronavirus response briefing as Jovita Carranza, administrator of the Small Business Administration, listens. (Tom Brenner/Reuters) By  Aaron Gregg and  Erica Werner …