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California  + Retail  | 

Retailers, Hotels and Restaurants Pounded by Disruption

Up and down California, and throughout the nation, no industry class has been harder hit by the escalating Covid-19 mitigation efforts than the hospitality, retail and related service sectors.

As real estate owners, operators and tenants grapple with the reality of immediate compliance through closures, decisive action and agreement of emergency conditions and merit, what’s to follow on the economic front is front and center in a massively disrupted market.

If recent forecasts are to be believed, survival through this period with a look to a strong year-end is a primary concern for these impacted industries.

Understanding the fear, mitigating the pain and constructively prioritizing the safety net for the future rebound requires ever-relevant institutional discipline and rapidly identifying key areas of concern requiring action and planning. A few enlightening articles from recent days include:

Restaurants:

Bailout Commitment Needed for Restaurant Survival – Curbed SF

Hospitality:

Owners face massive operating realities of surge in vacancies and cancellations – Bloomberg

California:

Governor Newsom Defines New Operating Restrictions – Sacramento Bee

Los Angeles:

Los Angeles closes restaurants and bars – Eater LA

Orange County:

South Coast Plaza closes for two weeks – Los Angeles Times

Bay Area:

Understanding “Shelter in Place” – SFGate

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