Commercial Real Estate & Business News – May 11, 2020

Some States Are Reopening. Here’s What Office Landlords Can Do to Make Tenants Feel Safer
Going back to work in the office is a source of concern for employees, especially in states that have started to reopen or are getting ready to do so even as cases of COVID-19 in their populations are increasing. Despite warnings from the CDC that reopening prematurely will cause a second…»
These Outdoor Shopping Malls are Reopening Friday in Metro Phoenix
Many outdoor retail stores are reopening to in-person sales on Friday after nearly two months of closure, with new protocols. Arizona took its first step toward reopening businesses on Monday when Gov. Doug Ducey allowed retail stores to open for “delivery service, window service, walk-up…»
A New Bailout Fund for Retailers – This Time From a Big Landlord
Brookfield Asset Management, the Canadian investment group that is one of the largest operators of US shopping malls, is launching a $5bn rescue fund for retailers that need extra capital to weather the coronavirus pandemic. The fund will be overseen by Ron Bloom, a former Lazard banker…»
Kush: Scottsdale City Council Needs to Quickly Get Serious
Like the rest of the country, Scottsdale is facing two unprecedented attacks on its future. First is COVID-19 which health services, state governments and the U.S. government are fighting on a national basis. Literally trillions of dollars are being spent to fight the disease. In many areas infection rates…»
What Department Stores Will Be Left Standing After COVID-19?
The U.S. department store sector was in a downward spiral even before the COVID-19 pandemic hit as it faced declining foot traffic and falling sales.Now the health crisis and its mandated shutdowns and social distancing-not to mention a deep looming recession-may put the final nail in the…»