Client Resources for Navigating COVID-19.

CRE Industry Thought Leaders

• CBRE | Covid-19 Impact Forecast - COVID-19's impact on CRE across the globe is moving quickly. This conference call recording shared by CBRE offers perspective on the evolving situation and implications for the real estate industry.

• Brad's Blog - The April 1st Rent Payment Conundrum.

• CRE Lease Payments - As businesses look ahead to the prospect of not being able to operate for the next few weeks or months, they will face many hard decisions. One of the biggest of which will be whether or not to pay rent.

• Restaurant Outlook - Things will improve for restaurants as the country resumes activities. You have to remain optimistic that the restaurant business will prosper again, but with fewer locations.

• CNN | Federal Reserve - The Federal Reserve has cut interest rates to zero, for the first time since 2008.

• TOP 25 RECESSION PROOF CITIES IN THE U.S. - A recent SmartAsset report determined the most recession-resistant cities in the US by looking at government data for 264 of the largest cities in the country across 3 categories: employment, housing, and social assistance. [Spoiler: Boise's #12].

• NAIOP SAYS $2T STIMULUS A "WIN" FOR COMMERCIAL REAL ESTATE  - The historic $2-trillion economic stimulus bill has a number of positive implications for commercial real estate.

• CORONA VIRUS' IMPACTS ON REAL ESTATE: THINK SHORT-TERM AND LONG-TERM - The impact of the economic disruption in real estate varies and is going to continue to vary, from one state or metro area to another.

• CHANGE IN TAX POLICY COULD IMPACT REAL ESTATE INVESTORS | NY TIMES - Investors could use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market.

• CRE'S NEW NORMAL | WEBINAR - Experts chart the new normal of property operations in the Coronavirus pandemic (WEBINAR).

• THE APRIL 1st RENT CONUNDRUM - It is important to recognize that we are in an interdependent economy and that there are many very financially stable tenants as well as some that are struggling and, for those, in particular, this crisis will exacerbate the situation.

• MULTIFAMILY MERGERS | MARCUS & MILLICHAP - "Historically, pandemic outbreaks such as SARS, the H1N1 'swine flu,' and the 'avian flu' generated short-term market instability that moved toward stabilization over the following three to six months."

• COVID-19: DESPITE DARK CLOUDS, SOME REASON FOR OPTIMISM | NAIOP - "We're going to bounce out of this a lot faster than some of the most pessimistic people think."

• OWNERS OF DATA CENTERS AND INDUSTRIAL SPACE COULD EMERGE STRONGER FROM CRISIS | LOOPNET  - E-commerce-related industrial space and data centers could come out ahead if social distancing changes consumer and work-from-home habits in the long term.

• WILL CORONA VIRUS AND SOCIAL DISTANCING CREATE A "NEW NORMAL" FOR RETAIL | FORBES - In the short term, with retailers and malls closing in droves—and rightfully so—it’s obvious that at least an “interim normal” has been created.

• MAP OF STATES EXPERIENCING JOB LOSSES DUE TO CORONA VIRUS | CNBC - Another record-breaking spike in U.S. jobless claims hit Americans across the country, but varied in impact by state as each governor takes a different tack in slowing the spread of COVID-19.

• IRS DEADLINE RELIEF GRANTED | NAR - "The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway." 

• NEW FEDERAL RESERVE ACTIONS | ICSC - The Federal Reserve introduced both new and enhanced programs in an effort to support companies of all sizes. 

• TENANT RENT ABATEMENT CONSIDERATIONS | NAIOP - Perhaps the goal with building owners should be to work out the best deal they can with tenants, not waive any rights, and hope for the best when the world stabilizes again.

• VIRTUAL BUILDING INSPECTION COMPLETED ON NEW STARBUCKS BUILDING IN WASHINGTON | CONNECT - The use of FaceTime allowed the city building inspector to see what was needed to issue a certificate of occupancy for the building.

• CONSUMER SENTIMENT IN THE U.S. DURING THE CORONAVIRUS CRISIS | MCKINSEY - As COVID-19 progresses, US consumers are taking on new behaviors, some of which are likely to stay, though they continue to cut back on spending.

• CARES ACT FIXES TYPO IN 2017 TAX LAW, RESULTING IN BIG WIN FOR PROPERTY OWNERS - Tucked away in the $2 trillion stimulus bill passed by Congress a week ago is a tax law change that will benefit commercial property owners and some tenants.

• CORONAVIRUS GUIDANCE FOR COMMERCIAL REAL ESTATE | NAR - A collection of resources to help guide commercial REALTORS® as they navigate the changing landscape in the industry.

• HOW YOUR COMPANY OFFICE COULD CHANGE IN A POST-CORONA VIRUS ERA | CNBC - When the economy opens up and employees start heading back to the office post-coronavirus pandemic, offices will be redesigned.

• 2019 WAS A BIG YEAR FOR GROCERY. 2020 MAY STILL BE. | BISNOW - In an otherwise bleak retail landscape, grocery-anchored shopping centers have stood out as a rare bright spot. Whether they will lose their favor after this crisis isn't clear.

• HOW COVID-19 WILL IMPACT THE FUTURE OF OFFICE SPACE: A COUPLE OF THOUGHTS FROM A TENANT-REP BROKER | LAURIE REYNOLDSON  - Although we can work from home, there are good reasons to get workers back to the office when the shelter-in-place orders are lifted.

• REDFIN CEO PREDICTS BIG SHIFT TO SMALLER METRO AREAS IN REMOTE WORK ENVIRONMENT - Boise or Bozeman bound? Redfin CEO predicts big shift to smaller cities as remote work takes hold.

• WHITE HOUSE APPLAUDS IDAHO FOR REOPENING PLAN - According to the governor's office, about $300 million in federal funds from the CARES Act will go directly to small businesses in Idaho.

State & Local Organizations

• BOMA - As global concern over the novel coronavirus (now known as COVID-19) increases, BOMA International is actively working to provide commercial real estate professionals with credible information on how to mitigate the potential health and business impacts.

• IDAHO DEPARTMENT OF COMMERCE - The State Department of Commerce shares key resources for Idaho businesses and residents.

• CITY OF BOISE - The City of Boise's Covid-19 site offers guidance to businesses as well as links to a variety of helpful resources.

• INSPECTIONS MEMO | CITY OF BOISE - "City functions to review, process and issue permits, and to conduct inspections, therefore are considered 'essential' and are exempt from the Governor's Order to Self-Isolate. However, in carrying out our services, additional heightened safety precautions will be implemented." 

Federal Organizations

• U.S. SMALL BUSINESS ADMINISTRATION - Disaster Loan Assistance. The U.S. Small Business Administration has approved an Economic Injury Disaster Loan Assistance fund for small businesses impacted by COVID-19. Contact the Idaho Department of Commerce for information regarding available assistance.

• U.S. SMALL BUSINESS ADMINISTRATION - Guidance for Businesses and Employers. Plan and Respond to Coronavirus Disease 2019 (COVID-19).

• FEDERAL RESERVE | COVID-19 RESOURCES - Additional information to financial institutions on how the Federal Reserve's supervisory approach is adjusting in light of the Coronavirus.