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."

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