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Force Majeure Language Proliferates in Leases

via GlobeSt.com Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event, according to a survey by LexisNexis. Robert DiPisa, real estate attorney and c...

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Vacancy Climbs As Rents Fall Across Asset Classes

via GlobeSt.com Apartments, office and retail are all following a similar trend: rising vacancy rates with declining rents. A new report from Moody’s Analytics calls the dynamic “bleak, but not dire,” noting that while most metros are ...

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What the Stimulus Measure Offers CRE

via GlobeSt.com Finally, finally Congress has passed another stimulus measure, a $900 billion bill that includes several provisions beneficial to commercial real estate and, of course, the larger US economy. CRE Finance Council has provid...

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L.A. Apartment Rents Fall Nearly 8% During Pandemic

via GlobeSt.com Los Angeles apartment rents have declined 7.5% since February, according to a new report from Apartment List. The downward trend has kept pace with apartment vacancy, which has increased. According to the report, the pre-pand...

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Multifamily Rent Collections Down 24% in December

via GlobeSt.com Apartment rent payments continued to decline in December. As of December 10, rent collections were down 24% from March collections, according to research from Rentec Direct, which aggregates rent collection data to analyze th...

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Renters Assistance is On the Table in Stimulus Talks

via GlobeSt.com A credible proposal for another stimulus measure hit Capitol Hill on Tuesday. There is no guarantee that it will pass and be signed into law and it is light on details but it is the first serious attempt to jumpstart bipartis...

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