Weekly Shorts - April 19th, 2020

  • WeWork announced a new plan to thrive during & after the Coronavirus, involving more layoffs & encouraging employees to cut spending. This announcement comes after reports that WeWork has failed to pay rent for April in several prominent locations.

  • According to NMHC, 84% of multifamily renters have paid April rent. By comparison 90% of renters paid their rent in April of 2019.

  • Amazon HQ2 developer, JBG Smith, said they plan on becoming "net buyers" of CRE in the coming years as the Coronavirus creates "discounted opportunities."

  • Owner of the former Toys 'R Us HQ has commissioned JLL to lease the 190 acre mixed-use reposition.

  • Real Estate mogul & "Shark" Barbara Corcoran says the best deals are made at "times of greatest uncertainty when everyone's guessing."

#CushmanWakefield #WeWork #JBGSmith #SharkTank #NMHC #Covid19 #Office #ToysRUs

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