You can always find something great happening at NewMark Merrill, and we love to share the latest!
Reopening Los Angeles County has gone from “swift and safe” to “stringent and slow.” A little over three months ago, county officials reopened retail businesses for in-store shopping at 50 percent capacity as they moved toward “sweeping new standards for swift and safe reopening.” But those businesses had …
CHICAGO (CBS) — Many retailers are struggling during the pandemic, and the trickledown effect hits their landlords. Fewer sales means trouble paying rent. The CEO of a real estate giant offered to talk with the CBS 2 Morning Insiders, adding “no questions are off limits.” “I’ve been in the business …
Proceedings for the eviction of retail tenants are picking up across the country as courts reopen and states’ moratoriums on evictions are expiring or getting curtailed as the economy reopens. In Miami, a luxury-shopping-center landlord began legal proceedings to evict Saks Fifth Avenue two weeks ago for nonpayment …
SAN DIEGO (KGTV)- Across California, many businesses continue to struggle in San Diego County, and some business owners say they can’t afford to pay their rent anymore without their usual income during this pandemic. Landlords are also feeling the effects of the small business struggle. “Many tenants are paying …
New multi-tenant building going in where Sizzler, Hooters once stood. IF AT FIRST YOU DON’T SUCCEED—A 35-year-old building (shown below last year) in front of Janss Marketplace, home to multiple restaurant ventures over the years—most notably Hooters and Sizzler—was demolished last week to make way for a new …
The coffee and doughnut chain has largely kept up with rent payments during the pandemic. America will soon have to run on 800 fewer Dunkin’ Donuts. The retailer, one of the largest coffee and doughnut chains in the world, is permanently closing 8 percent of its U.S. locations, according …
The COVID-19 pandemic and subsequent widespread orders to close theaters, retailers and restaurants – or severely restrict their operations – are forcing landlords and tenants to the negotiating table to figure out a way to survive. In many cases, the parties are striking agreements that generally provide …
The financial pain for U.S. retailers is worsening beyond what retail executives and analysts anticipated when the coronavirus began to spread, foreshadowing an unrelenting pace of store closures and bankruptcies. With a resurgence of coronavirus cases across much of the country, some companies that were relatively healthy before …