CPE’s Coronavirus Coverage

Check our site for daily news updates, features and expert advice on the coronavirus outbreak.

As the coronavirus pandemic continues to unfold across the U.S. and the world, Commercial Property Executive is covering the health crisis through daily news updates, features and expert advice to help inform and guide our readers through this unprecedented time.  


Our latest coverage (updated daily):

CPE 100 Survey Reveals Sober Executive Outlook

A poll of industry leaders shows that executives expect a long wait before normal business comes back.

Unemployment Claims Top 6.6 Million

The new figures, released this morning, come on the heels of the previous week’s record of almost 3.3 million.

Q&A With CBRE’s Brian Stoffers

CBRE’s global president of Debt & Structured Finance weighs in on the capital markets’ current environment and recent actions by the Fed.

US Braces for More Job Losses

Economists expect this week’s unemployment claims number to jump well beyond the record 3.3 million filed last week.

How to Prevent Spreading COVID-19 in Office Buildings

An emergency management expert lays out what to do during the current outbreak, what to avoid and how to prepare for the next event.
 

China’s Lessons Offer Hope for U.S. Logistics

The warehouse sector’s 4.6 percent vacancy rate should help it weather slowing activity, according to Prologis.

Bracing for a Wave of Missed Retail Rents

Many stores and chain restaurants are unable to meet their lease obligations amid coronavirus-related closures.

April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers

What happens when the COVID-19 shutdown triggers missed payments on CMBS and CLO loans? An analysis from BlackEagle Real Estate Partners’ Debra Morgan and Paul Fiorilla of Yardi Matrix.

Coworking vs. Coronavirus: Overcoming Challenges

Space providers and operators are forced to enter an experimental stage and adapt to the forthcoming new normal.

New York Halts Non-Essential Construction

The order from Governor Cuomo comes more than a week after the City of Boston put a moratorium on construction.

$2T Package Becomes Official as Social Distancing Here to Stay

With the unprecedented health crisis unfolding, the relief bill is providing a much-needed stopgap, albeit experts are expecting more to come.

Q&A: How Can Hotels Prepare for an Optimized Recovery?

The hotel industry is one of the hardest-hit sectors by the coronavirus outbreak. Kidder Mathews’ John Gordon shares some solutions hotel operators might implement now and going forward.

At Long Last, the Cycle Ends. What’s Next?

Yardi Matrix’s Paul Fiorilla assesses the outlook for commercial property sectors, the real estate capital markets and the economy.

Hurt by Virus, Hotels Turn Hospital

Hotels around the world are being converted into emergency medical facilities and in some cases, temporary lodging for health-care workers.

Hospitality Faces Coronavirus Crunch Time

A report from the U.S. Travel Association offers a sobering assessment of sharp declines in hotel occupancy and revenue, as well as a surge in job losses.

$2T to the Rescue: CRE and the Stimulus Package

Assuming it goes through, the wartime-level stimulus legislation now pending in Congress could save the economy—and by extension the commercial real estate sector. Some experts weigh in.

Coronavirus Underscores Demand for Life Sciences Space

The report from the Colliers International Life Sciences Practice Group examines five short- and long-term impacts on the sector.

Looking Beyond COVID-19

What’s happening next? Norm Miller, Hahn Chair of Real Estate Finance at University of San Diego’s School of Business, weighs in.

How Tough a Road for Lodging CMBS?

While the coronavirus pandemic’s duration is unknown, Wall Street is bracing for significant damage to the hotel industry.

Coronavirus Fallout for North American CRE Firms to Vary

While there won’t be any winners in this pandemic-stricken climate, certain sectors are poised to weather the impact of COVID-19 while others will be under substantial strain, according to DBRS Morningstar.

California Lockdown Poised to Batter Real Estate

The shelter-at-home order, which covers 40 million people, brings more uncertainty for property owners and managers.

Clean Energy Sector’s Open Letter to Congress

The coalition’s document outlines the impacts of COVID-19 on the industry and requests a set of actions to protect U.S. jobs and renewable energy growth.

Home-Sharing Takes Big Hit From Coronavirus

The hospitality industry is in free fall, and Airbnb and Vrbo are taking opposite paths in addressing the pandemic’s harsh market effects.

NYC Owners, Service Union Agree on Coronavirus Relief

The deal is intended to ease the medical and financial effects on 60,000 local members of the nation’s largest service union, SEIU 32BJ.

Coronavirus Forces Brokers to Go Remote

Here’s how the biggest real estate agencies are adapting to their challenges of working from home.

Industry Groups Urge Cities to Allow Construction

Keeping infrastructure and other basic services functioning is essential business, construction industry trade groups say.

As Unemployment Mounts, GDP Forecast Takes Big Drop

The coronavirus will shift the property market in reverse, but the degree of the setback will vary by region, market and sector, according to a new report by UBS Asset Management

What You Should Know About Coronavirus and Leasing

An update on how the pandemic is affecting the job market, oil prices, manufacturing and other aspects of the economy.

Coronavirus Strikes Global Real Estate Market

The coronavirus will shift the property market in reverse, but the degree of the setback will vary by region, market and sector, according to a new report by UBS Asset Management.

Simon Shutters U.S. Malls Amid Virus Scare

The retail investor-operator is shuttering its 204 properties across the country until March 29.

City, State Officials Halt Commercial Evictions

Officials are stepping in to mitigate the pandemic’s economic impact on tenants.

Why Coronavirus Will Hit Hotel REITs Hardest

Fitch Ratings’ Stephen Boyd provides a segment-by-segment preview of how real estate investment trusts may weather the storm.

COVID-19 and REIT Cap Rates

Early signs point to resilience for sectors experiencing tailwinds from structural demand changes, notes CenterSquare’s Scott Crowe.

Casinos Join Coronavirus Closure Rush

The states of Nevada, New Jersey and Connecticut are forcing hotel and casino properties to temporarily shut their doors.

Commercial Real Estate Finding It’s Not Immune to Coronavirus

Monday’s giant sell-off in the stock market, combined with announcements of increasingly draconian closures of businesses, is moving the market toward a steep cutback in transactions.

The Front Line: How Property Managers Cope With COVID-19

Building operators are relying on their business continuity plans to keep buildings running during this crisis.

Renewable Energy and the COVID-19 Factor

The pandemic has little-discussed implications for the supply chain that powers alternative energy projects in the U.S. and around the world.