Tenant strategies for office space post-COVID-19
Over the past 90 days, the economy, in Denver and nationally, has experienced severe impacts by the unexpected arrival of the COVID-19 virus. In addition to restaurants, bars, music venues and sports
CREJ
June 22, 2020What will happen to office lease rates?
Are office lease rates dropping? I get some version of this question every day, from clients and colleagues as well as from friends and family who generally have little interest in the commercial real
CREJ
June 15, 2020Takeaways from the 2020 State of Downtown report
Denver’s office market serves as a prime example of an industry sector that experienced great strength prepandemic and already is seeing great impact as remote work became mandatory for a vast majority of
CREJ
June 14, 2020Paycheck protection loan forgiveness: The next chapter
Many Colorado business owners have taken advantage of the Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program loans to keep their employees on the payroll, pay rent or mortgage, and maintain operations through the COVID-19 pandemic and current economic uncertainty. During the initial round of the $349 billion disbursement of PPP funds, more than 1.6 million businesses across the country received loans (an average loan of $206,000). The second round of PPP funding at $310 billion was a relief for business owners who missed out on the first round of funding or who had a subsequent need for assistance.
CREJ
June 10, 2020Negotiate ‘standard’ terms to avoid unexpected obligations
Tenants generally are responsible for maintaining a rented property and ensuring that it is restored to the conditions that existed at the beginning of the lease. While repair and maintenance obligations are typical
CREJ
June 7, 2020Increase the rate of return with cost-segregation study
A cost-segregation study is a strategic planning tool that commercial and investment real estate owners can use to increase their cash flow, improve their tax position and improve their overall after-tax return on
CREJ
June 5, 2020Update: Life company activity during the COVID-19 pandemic
Here’s the “quick and dirty” from our perspective: Lending activity isn’t dead, but it isn’t very predictable right now either. While many aspects of the commercial real estate world have been put on hold during
CREJ
June 1, 2020Landlords & tenants work together during the COVID-19 crisis
Over the course of three weeks in March, our lives were turned over forcefully by the tsunami-like winds of a global pandemic. For those who’ve lost loved ones, friends, jobs or any chance of maintaining your
CREJ
June 1, 2020Loan workouts: First steps for commercial property owners
Large numbers of commercial property owners are facing prospects of imminent default under their loans as a result of the current public health and economic crises. Sudden and precipitous drops in revenues,
CREJ
June 1, 2020Legal limits: Shutdowns, rent issues & distancing
Even before the advent of the COVID-19 pandemic, the retail sector was struggling nationwide, presenting myriad challenges for the commercial real estate sector. Now, the pandemic has accelerated
CREJ
May 25, 2020