Article content continued“Today we’re leasing greater amounts of space to people than they had before. They want to accommodate their people and get them back quickly,” the company’s CEO Bruce…

Article content continued“The 2020 numbers are for the first 12 days of June. The 2019 numbers are for the entire month of June 2019. So, as you can see, there…

Article content continuedBut for Zelaya, it’s too little too late.“I have lost at least $10,000 in equipment and merchandise that was in the property because I was locked out by…

Article content continuedUnlike landlords who hold retail real estate, office real estate owners are likely to fare better with rent collection. With malls closed during the pandemic, their tenants face…

Article content continued“I’m observing a lot of tension between landlords and tenants,” he said. “Everyone is feeling the effect of this, so you could say there’s a lot of heartache,…

Article content continued“From a cost perspective, it’s probably neutral, getting to maybe a slight benefit,” Barrenechea told the Financial Post in a recent interview, noting that any benefit would be…

Article content continuedBy mid-June, therefore, large and small businesses facing acute cash-flow challenges because of the lockdown could be exposed to additional problems as they may be required to pay,…

RioCan CEO Ed Sonshine talks about the changing landscape of retail amid COVID-19 Source link