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Month: April 2020

Coronavirus: After walkouts, Amazon pledges temperature checks and masks in all warehouses
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Amazon has pledged new health protections for its workers in fulfillment centers in the US and Europe, as first reported by Reuters. Under the new system, workers will receive a no-contact temperature check on arrival, and anyone who tests over 100.4 degrees Fahrenheit (38 degrees Celsius) will be sent home. Workers will also receive surgical…

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American Campus Communities, Inc. Reports First Quarter 2020 Financial Results
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AUSTIN, Texas–(BUSINESS WIRE)–American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended March 31, 2020. Highlights Implemented a COVID-19 crisis response plan, which included creating task forces to support the company’s residents and employees during the novel coronavirus crisis, adopting and communicating relevant guidelines issued by the CDC, following guidelines…

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Resilience Budget: Govt to provide “more sustained support” to low-income employees, aviation workers and the self-employed, says DPM Heng Swee Keat
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The introduction of a S$48 billion supplementary Budget — called the Resilience Budget — will serve as an enhancement to some of the measures introduced in the S$6.4 billion Unity Budget announced last month, said Deputy Prime Minister Heng Swee Keat.Delivering his ministerial statement in Parliament on Thu (26 Mar), Mr Heng, who is also…

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Global PEs, realty cos oppose ‘force majeure’ call as commercial complexes operational
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Bengaluru | Mumbai: Global private equity players with large portfolio of Indian office space and their local real estate partners are unlikely to heed to a growing chorus of companies and retailers asking for invocation of ‘force majeure’ clauses after the coronavirus pandemic disrupted economic activity. Even amid the nationwide lockdown, operations and maintenance work…

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“It’s scary:” Landlords praying tenants pay April rent
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Gov. Andrew Cuomo (Cuomo by John Lamparski/NurPhoto via Getty Images; Illustration by The Real Deal) For the first time during the coronavirus crisis, Gov. Andrew Cuomo acknowledged Monday that he does not intend to forgive the rent for cash-strapped tenants. The 90-day ban on evictions will suffice, the governor said. “You can’t be evicted for…

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Morgan Stanley Adds to Bronx Financing Spree with Another $64M Portfolio Loan
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Eastchester, N.Y.-based Finkelstein Timberger East Real Estate (FTERE) has closed on another Morgan Stanley loan to finance a bundle of multifamily properties in the Bronx, Commercial Observer has learned. The $63.8 million, 10-year, interest-only loan covered the refinance of existing debt on a collection of eight rental properties in the borough. Morgan Stanley will fetch…

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Grocery Stores Are Packed. How Will REITs That Own Grocery-Anchored Centers Perform in the Long-Term?
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As Americans flock to grocery stores during the coronavirus crisis to stock up on essentials, foot traffic at grocery stores has soared. Placer.ai, a platform that tracks retail activity, found year-over-year traffic spiked by 40 percent at Albertsons stores and by 36 percent at Kroger stores on March 13 through 15. At the same time,…

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PE cos, realtors may allow deferral of rent for offices
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India’s largest office space owner Blackstone has held discussions with its largest builder partners, including the Embassy Group, RMZ, and Salarpuria developers, to create a strategy for tenants that are either seeking deferral in rent payments or invoking force majeure clauses, three people familiar with the development said. Other private equity players, such as Brookfield,…

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Coronavirus: U.S. Will Pay Hospitals to Treat Uninsured Coronavirus Patients
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A hospital in New York City. The Trump Administration has announced that it will pay hospitals to treat uninsured covid-19 patients.Photo: Misha Friedman (Getty Images)The Trump administration announced on Friday that it will pay hospitals to treat uninsured coronavirus patients, a persistent problem in America that has been magnified in light of the global pandemic.…

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Coronavirus: Chan Zuckerberg Initiative commits $25 million to a fund researching COVID-19 treatments
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The Chan Zuckerberg Initiative (CZI), Facebook CEO Mark Zuckerberg’s philanthropic arm, has committed $25 million to a research fund designed to help identify and develop treatments for the disease caused by the novel coronavirus, it announced today. CZI, managed by Zuckerberg and his wife Priscilla Chan, is donating to the COVID-19 Therapeutics Accelerator, which will…

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5 steps to securing your real estate future
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In challenging times, it’s a smart idea to revisit the fundamentals of good business. This April, go Back to Basics with Inman. Let’s face it — real estate agents, generally, are not the best-equipped group to handle a crisis. In normal times, Realtors with over 16 years of experience earned a gross income of $71,000, according…

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Stop fighting reality! 6 ways to pivot your business
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In challenging times, it’s a smart idea to revisit the fundamentals of good business. This April, go Back to Basics with Inman. We’re about two weeks into really feeling the effects of the coronavirus pandemic in the United States, and we’ve got several more months to push through. President Trump extended social distancing guidelines through…

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Coronavirus: The US Army’s Virus Research Lab Gears Up to Fight Covid-19
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The cinder block hallways inside the US Army’s top virus research lab are punctuated every few feet with windows that peer into tiny offices and laboratories crammed with scientific equipment. On each doorway, orange placards with that Vulcan-looking biohazard symbol keep visitors alert. Through one window, you can just make out the heads of two…

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Coronavirus: Here’s How Covid-19 Immunity Compares to Other Diseases
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One of the many unknowns about the novel coronavirus SARS-CoV-2 is how we might become immune to it. When you get infected with viruses, along with other baddies like bacteria, your immune system fights back by producing proteins called antibodies. These stick around for the long haul, and your body is prepared to churn out…

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