Nicolas Fernandez – Government imposed lockdowns have made it nearly impossible for companies to generate sufficient revenue to pay rent. On December 31, 2019, the Chinese government reported the first case of COVID-19 and less than a month later the United States reported its first case. Countries around the world began locking down to slow […]
Wyatt Rose-J.C. Penney, the 118-year-old infamous clothing behemoth, is one of the latest retail companies to fall victim to the newer and cheaper e-commerce revolution. As a result of its struggles against e-commerce powerhouses like Amazon and Walmart—coupled with COVID-19 woes—J.C. Penney filed for Chapter 11 bankruptcy in May of this year. However, in a […]
Hayley Goodman- As the global workforce is starting to return to the office, it is no surprise that many companies are shrinking their real estate footprints. A June 2020 Morgan Stanley forecast revealed that vacancy rates would reach 10%-12% in the next two to five years in New York City. Moreover, a KPMG survey found […]
