The casino operator reported a 97% decline in revenue as the global pandemic damps visitation to the gambling hubs of Las Vegas and Macau, and executives expressed little optimism about a return to business as usual.
Landlords leasing to biotechnology, pharmaceutical and other life-sciences businesses are faring well during the pandemic in contrast to other commercial property owners.
Restaurants that were just starting to recover some sales are bracing for another, potentially existential round of restrictions as a resurgence in coronavirus cases in the U.S. prompts a pullback in reopening plans.
The federal government’s Paycheck Protection Program failed to take into account the widely varying needs and limitations of small businesses caught in Covid-19 lockdowns.
Thousands of small investors sheltering in place are whiling away the time by investing in commercial real estate. A number of them are buying small slices of apartment buildings and other properties through crowdfunding.