ARCHIVE - Year: 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Bob Dylan probably wasn’t referring to the government as a savior in his 1975 classic “Shelter from the Storm,” but many commercial real estate owners should be thankful for protection the federal government programs have offered them from the impact of COVID-19.

According to data from the National Multifamily Housing Council, 91.3% of renters were current with their apartment rent payments through July 22.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

British rock band Queen and singer David Bowie probably were not thinking about commercial real estate when then wrote and released the chart-topping “Under Pressure” hit from 1981.

This year has proven to be very stressful for almost everyone, and commercial real estate players are not immune.

Three months into the crisis, temporary relief measures are reaching a point that will put commercial real estate owners under increasing pressure.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

The Rolling Stones recently released “Living in a Ghost Town,” a chart-topping single that expresses what many have been going through the past two months, but the rock band’s 1981 hit “Start Me Up” speaks to what most commercial real estate participants are thinking.

Regardless of property type or political persuasion, investors are of one mind when it comes to getting the economy revved up again — and for some it is a matter of survival.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Bruce Springsteen released his “Born in the USA” album in 1984, which included a top 10 single titled “I’m Goin’ Down.”

Vampire Weekend, an indie band more popular with my daughters, did a rendition of that song in 2010.

Today, many commercial real estate investors are feeling the same sentiment expressed in the song — a slipping away of the love received just a few months ago from tenants and lenders alike.


John B. Levy

by John B. Levy

We’re told that history repeats itself, and this Spring seems to be a perfect example. Our family’s Passover Seder dinner was conducted . . . via Zoom. . . with 17 participating family units from all over the country. More than 3.000 years ago, we seem to remember that Passover was started by plagues, though surely not Covid! The more things change, the more they stay the same!

Is it different this time?