12 Must Reads for the CRE Industry Today (June 23, 2021) California will attempt to pay all of the past-due rent that accumulated as a result of the pandemic, reports The Associated Press. Retail and hospitality companies are facing challenges keeping existing workers. These are among today’s must reads from around the commercial real estate industry.
California Will Pay Off All Past-Due Rent Accumulated During the COVID-19 Pandemic, Newsom Says “Gov. Gavin Newsom says California will pay off all the past-due rent that accumulated in the nation s most populated state because of the fallout from the coronavirus pandemic, a promise to make landlords whole while giving renters a clean slate. Left unsettled is whether California will continue to ban evictions for unpaid rent beyond June 30, a pandemic-related order that was meant to be temporary but is proving difficult to undo.” (