TENANT UPDATE

The National Restaurant Association released guidelines to be used in conjunction with the instructions that restaurant operators receive from authorities during their re-opening phase-in. 

While the supermarkets that anchor necessity-based shopping centers across the U.S. are open and setting sales records, tenants such as restaurants and fitness clubs are closed and constructing survival plans.

The 2.2 million-sq.-ft. Palisades Center in West Nyack, N.Y., may have a tough time coming back following the coronavirus shutdown.

When the pandemic hit, Conor Flynn and the rest of the leadership at Kimco were confident they’d make it through the tough times. 

One retail leasing agent in New York foresees bleak consequences in the aftermath of the coronavirus pandemic, with retail vacancy rates hitting 50%.

For professional drivers and others working to support their communities during COVID-19, there is little doubt that the locations operated by Pilot Company are considered essential retail.

With most stores closed throughout much of the United States to help stem the spread of COVID-19, retail landlords are being inundated with requests for rent relief.

Ulta Beauty Inc. joined the growing list of retailers whose stores will remain temporarily closed until “it is safe to reopen.”