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

Article content continuedFor example, RioCan approved $15 million in rent deferral requests from its commercial tenants, representing 17 per cent of gross April rents, and First Capital approved deferrals on…

Article content continuedTimbercreek Asset Management is working with residential tenants on a “case-by-case basis” to offer rent deferrals or repayment plans specifically for those who might not have the financial…

One quarter of small businesses can't make April lease or mortgage payments — and it won't get much better any time soon Source link