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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.” (
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UpdatedWed, Mar 10, 2021 at 4:59 pm PT
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California Gov. Gavin Newsom speaks to the media during a visit to a mobile COVID-19 vaccination center on March 10, 2021 in South Gate (Mario Tama/Getty Images)
LOS ANGELES, CA Los Angeles County will be freed from the state s most restrictive coronavirus shutdown orders on Friday, but Angelenos still don t know what kind of openings will be allowed amid debate over the risks of returning to near-normal amid the pandemic.
County health officials plan to announce local guidelines Thursday. The big question is whether restaurants will be allowed to open for in-person dining. Two county supervisors this week urged reopenings to the fullest extent allowed by the state. However, county health officials argued that Los Angeles, the hardest-hit county statewide with 22,000 dead, continues to be at risk of another surge. Densely packed and with widespread poverty, Los Angeles County remains more vulnerable to the pandemic.