"Will Downtown Real Estate Bounce Back After COVID-19?," Super Lawyers Magazine
In an article published by Super Lawyers Magazine, Marc Glenn shared his thoughts on how downtown real estate will bounce back from the COVID-19 pandemic.
Throughout spring, as stay-at-home orders were issued from county to county and state to state, and the economy contracted in unprecedented fashion, real estate attorneys fielded urgent questions from clients: tenants, landlords, and lenders in the commercial office and retail markets.
Glenn fielded many questions about the federal government’s Paycheck Protection Program, implemented in early April to help small businesses cover expenses.
"This is one of the few times where everybody is somewhat suffering from the same thing,” Glenn said. “So you’re not going to, say, kick out a restaurant—or from a lender’s standpoint foreclose on a retailer—because everyone’s in the same boat. Which is different than other financial crises. It’s not like you have an immediate replacement coming. So there’s been a lot of momentum toward, ‘Let’s get us to the fall and see what happens when things reopen more fully; then let’s take stock.’”
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