Landlord–tenant law

Equiem Releases 2020 Global Office Tenant Report

Monday, August 3, 2020 - 12:00pm

NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Global property technology company, Equiem , has published the results of its most comprehensive global office occupier survey to date, providing landlords and tenants alike with valuable insights into occupier sentiment amid the COVID-19 pandemic.

Key Points: 
  • NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Global property technology company, Equiem , has published the results of its most comprehensive global office occupier survey to date, providing landlords and tenants alike with valuable insights into occupier sentiment amid the COVID-19 pandemic.
  • Hosted via Equiems world-leading tenant experience platform, which is used by over 175,000 office workers worldwide, the study provides insights into the impact of COVID-19 on workers' remote work situations, expectations for their return to the office and health and safety concerns.
  • Equiem is the global leader in commercial tenant experience technology.
  • With comprehensive, easy-to-use dashboards, Equiems app also offers the most advanced tenant analytics in the market, providing clients with rich, actionable intelligence that drives smarter, more effective tenant engagement.

ESM Management, LLC/Newton Opportunity Fund Announces Extension of Expiration Time for Tender Offer for Certain Notes of MASTR Adjustable Rate Mortgages Trust 2007-3

Friday, July 31, 2020 - 10:00pm

The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).

Key Points: 
  • The terms and conditions of the Offers are described in an offer to purchase, dated June 23, 2020 (the Offer to Purchase).
  • Holders of Notes who previously tendered their Notes do not need to retender such Notes or take any other action in response to this announcement in order to receive the applicable tender offer consideration.
  • Except as described in this press release, all terms and conditions of the Offers as described in the Offer to Purchase remain unchanged.
  • Newton Opportunity Fund may, in its sole discretion, terminate, extend or amend the Offers at any time as described in the Offer to Purchase.

Kebotix Expands With Second Research Lab

Thursday, July 30, 2020 - 2:00pm

The lab automation team will relocate from The Engine in Cambridge to C2I.

Key Points: 
  • The lab automation team will relocate from The Engine in Cambridge to C2I.
  • With a move-in date set for Aug. 1, Kebotix will be the second-largest tenant at C2I with 1,000 square feet.
  • Rajur, also C2Is founder and executive director, added, Kebotix truly fits the mold of our most successful C2I tenants.
  • Kebotix is coming to C2I at an especially exciting time, according to Naveen Rajur, the accelerators business development lead.

Kilroy Realty Signs Leases Totaling 286,000 Square Feet During the Second Quarter

Wednesday, July 29, 2020 - 10:04pm

Kilroy Realty Corporation (NYSE: KRC) today said it signed new or renewing leases on approximately 286,000 square feet in its stabilized portfolio during the second quarter.

Key Points: 
  • Kilroy Realty Corporation (NYSE: KRC) today said it signed new or renewing leases on approximately 286,000 square feet in its stabilized portfolio during the second quarter.
  • Average rents in the recently executed leases were up approximately 11% on a cash basis and 30% on a GAAP basis over the prior leases.
  • During the first six months, KRC has signed new or renewing leases on over 508,000 square feet in its stabilized portfolio.
  • The original lease was scheduled to expire in the second quarter of 2021.

Rentec Direct Announces New Updates to Tenant Screening Features

Wednesday, July 29, 2020 - 2:00pm

Rentec Direct provides instant tenant screening report access to property management software clients, including TransUnion credit reports.

Key Points: 
  • Rentec Direct provides instant tenant screening report access to property management software clients, including TransUnion credit reports.
  • "Rentec Direct offers instant access to several tenant screening reports so landlords and property managers can make informed decisions and choose the most qualified tenants for their rental properties," said Nathan Miller, President of Rentec Direct.
  • Tenant screening reports from Rentec Direct are available to property management software clients and members of Rentec Protect .
  • In addition to credit reports, Rentec Direct offers instant access to several tenant screening reports including income verification reports, criminal reports, eviction reports, bankruptcies reports and more.

GPR Ventures increases occupancy, begins renovations at Natomas property

Wednesday, July 29, 2020 - 9:00am

Flatiron , a Colorado-based construction firm, has signed a 48-month lease on a 12,983 square foot unit in the property.

Key Points: 
  • Flatiron , a Colorado-based construction firm, has signed a 48-month lease on a 12,983 square foot unit in the property.
  • GPR Ventures will begin a series of renovations, including upgrades to the lobby and caf, in the coming weeks.
  • TWEET THIS: #GPR Ventures has increased tenancy at a 60,000 square foot office building in #Natomas with the addition of a new 48-month tenant lease.
  • GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results.

DGAP-News: DIC Asset AG: 55% Rise in Letting Performance and Doubling of Real Estate Management Fees Lead to 18% Increase in FFO

Wednesday, July 29, 2020 - 7:00am

Exceptional letting performance during Q2, with a total of 125,800 sqm in new leases (+55% over prior year)

Key Points: 
  • Exceptional letting performance during Q2, with a total of 125,800 sqm in new leases (+55% over prior year)
    Frankfurt am Main, 29 July 2020.
  • This makes it safe to reaffirm: We are steadily approaching our medium-term growth target of EUR 10 billion in assets under management.
  • On the whole, the rent level negotiated for lease renewals translated into an average increase of 4.9%.
  • Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

Otso Launches Pre-Approval Program for Businesses to Replace Collateral in Commercial Leases

Thursday, July 23, 2020 - 6:00pm

Otso facilitates both new and existing leases with its program and covers office, retail and industrial property types.

Key Points: 
  • Otso facilitates both new and existing leases with its program and covers office, retail and industrial property types.
  • "Otso and Euler are giving landlords the comfort and strength they need in a lease, without requiring collateral from the tenant up-front."
  • Solutions like Otso help drive activity and provide worthy incentives to sign commercial leases for businesses.
  • Otso guarantees allow businesses the ability to access and invest critical liquidity while providing landlords with enhanced coverage against defaults.

Alpine Income Property Trust, Inc. Reports Operating Results for the Quarter Ended June 30, 2020

Wednesday, July 22, 2020 - 9:20pm

The Company notes that actual results could vary materially from its guidance due to a variety of factors outside the Companys control.

Key Points: 
  • The Company notes that actual results could vary materially from its guidance due to a variety of factors outside the Companys control.
  • With respect to unpaid Contractual Base Rent due during the three months ended June 30, 2020, approximately 8% was deferred and approximately 9% was abated.
  • July 2020 Rent Status: As of July 22, 2020, the Company had received July 2020 payments from tenants representing approximately 94% of the Contractual Base Rent due for the month of July 2020.
  • FOR THE THREE MONTHS ENDED JUNE 30, 2020 (Q2 2020 CBR)

As The Evictions Crisis Looms, US Cities And Counties Seek Digital Assistance

Tuesday, July 21, 2020 - 2:00pm

According to Harvard's Joint Center for Housing Studies , 20.5 million families were already struggling to make the rent.

Key Points: 
  • According to Harvard's Joint Center for Housing Studies , 20.5 million families were already struggling to make the rent.
  • As state pandemic rent moratoriums expire, experts estimate that number could rise to 28 million.
  • Many cities, counties, and states are bracing for a deluge of evictions to be filed in the upcoming weeks.
  • "The need for managing evictions effectively by local governments has existed for some time now,"said Rajiv Desai, CEO of 3Di Systems.