REBusinessOnline

Two New York Regions Expected to Begin Phase II of Reopening This Week

ALBANY, N.Y. — Two regions in the state of New York are expected to begin Phase II of the state’s reopening plan this week following improved conditions amid the COVID-19 health and economic crisis, according to a statement issued by New York Gov. Andrew Cuomo on Monday. The regions in question are Western New York and the Capital Region, which includes the state capital of Albany. Phase II includes the reopening of office-based jobs, real estate construction and services, barbershops, …

Regency Centers Collects 58 Percent of May Rent Checks, Down from 68 Percent in April

JACKSONVILLE, FLA. — Regency Centers Corp. reported that it collected 58 percent of base rent from its tenants in May. The Jacksonville-based company released the data during its June 2020 presentation, which also reported that Regency collected 68 percent of base rent in April. The presentation broke its tenants down by category. Of the essential retailers, which includes grocers, drugstores, mass merchandisers, banks, pet stores, office supplies and medical tenants, 92 percent were able …

Baceline Investments Offers Resources, Individual Guidance for Small Business Tenants

DENVER — As retailers continue to face uncertain times during the COVID-19 pandemic, Denver-based Baceline Investments has shifted its focus to providing support and creating tools, resources and personal guidance for the small businesses of its 73 neighborhood shopping centers under management nationwide. The boutique private equity real estate investment and management company’s national portfolio currently includes 900 small business tenants. “We’ve taken an all-hands-on-deck …

Michigan Governor Rescinds Stay-Home Order, Enables Restaurants to Reopen June 8

MICHIGAN — Michigan Gov. Gretchen Whitmer has signed a new executive order rescinding her stay-home order and moving the entire state to Phase IV of the “MI Safe Start Plan” in response to COVID-19. The governor’s order will enable retailers to reopen June 4 and restaurants to reopen June 8 at 50 percent capacity. Day camps for children will be permitted to open June 8. Effective immediately, groups of 100 or less will be allowed to gather outdoors with social distancing. Office work …

How Office Spaces Will be Designed Differently in a Post-COVID-19 World

With several states reopening in the midst of the COVID-19 outbreak, JBG Smith has released its “Healthy Workplace Blueprint,” a new design for the company’s offices as tenants return to work. The Healthy Workplace Blueprint focuses on health and safety measures related to cleaning and sanitation, indoor air quality, social distancing and tenant communications. JBG Smith, which owns and operates several properties in and around Washington, D.C., has been working with federal, state and …

Wisconsin Cancels State Fair Due to COVID-19

WEST ALLIS, WIS. — The annual Wisconsin State Fair, scheduled to take place Aug. 6-16 in West Allis, has been cancelled due to COVID-19. The fair is the largest event in the state, drawing more than 1 million people each year. The financial implications associated with hosting a fair with significantly reduced attendance and implementing safety measures could be detrimental to the future of State Fair Park, according to the board of directors. Previously purchased admission tickets can be …

Pennsylvania Gov. Wolf Lifts Pandemic Restrictions in 26 Counties, Allows Retailers, Businesses to Reopen

HARRISBURG, PA. — Pennsylvania Gov. Tom Wolf has lifted pandemic restrictions, including a strict stay-at-home order, from 26 counties and given, retailers and businesses in those counties the green light to reopen with social distancing measures in place. The governor made the announcement this morning. Under the terms of the plan, businesses must enforce public health protocols including wearing masks, restricting restaurants to outdoor dine-in seating only and limiting all gatherings to 25 …

CVS Adds 70 COVID-19 Testing Sites in Carolinas

WOONSOCKET, R.I. — CVS/pharmacy has added 55 COVID-19 testing sites in North Carolina and 15 sites in South Carolina. The tests are accessible through appointments only. Patients will be required to stay in their cars and will be directed to the pharmacy drive-thru window, where they will be provided with a test kit and given instructions. A CVS team member will observe the self-swab process to ensure it is done properly. Tests will be sent to an independent, third-party lab for processing …

Hard Rock Stadium in Miami Gardens to Transform into Drive-In Movie Theater

MIAMI GARDENS, FLA. — With sports absent from Americans’ daily lives due to the COVID-19 outbreak, Hard Rock Stadium in Miami Gardens has pivoted to offer a drive-in movie theater. The 65,000-seat stadium is home to the NFL’s Miami Dolphins and college football’s University of Miami Hurricanes. The field will be able to hold up to 230 cars and the open-air theater will host small groups. Events throughout Dolphins’ team history, family-friendly movies and even commencement ceremonies …

Cushman & Wakefield Study: Office Employees Seek ‘Flexible Working Policies’

CHICAGO — Cushman & Wakefield has conducted a global survey of more than 40,000 individuals to shed light on work-from-home experiences during the COVID-19 pandemic, including how employees are coping and what the new normal will look like as offices reopen. Survey respondents represent approximately 30 companies across nearly 20 industries. Results show that productivity generally remains strong and team collaboration has reached new heights through better leverage of remote …

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