{"id":1004471086,"date":"2020-08-14T03:57:59","date_gmt":"2020-08-14T11:57:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004471086"},"modified":"2020-08-20T17:13:13","modified_gmt":"2020-08-21T01:13:13","slug":"covid-19-weekly-reads-aug-10-14","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/covid-19-weekly-reads-aug-10-14\/","title":{"rendered":"COVID-19 Trends of the Week: Aug. 10-14"},"content":{"rendered":"<p>New unemployment claims fell under 1 million for the first time since March. Continuing claims also dipped under 16 million for the first time.<\/p>\n<p><strong>1. President Trump issues executive order in an attempt to stave off evictions.&nbsp; <\/strong><\/p>\n<p>As negotiations on new coronavirus relief measures continue to stall in Congress, last Saturday President Trump issued an executive order that would protect renters from eviction. Experts immediately noted the lack of an implementation plan nor an extension of the national eviction moratorium that expired on July 24th. Also this week, HUD announced it would provide $472 million of CARES package money to public housing authorities through the Section 8 Housing Choice Voucher and Mainstream voucher programs.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-10\/trump-executive-order-isn-t-an-eviction-moratorium?srnd=citylab\" target=\"_blank\" rel=\"nofollow noopener\">Trump\u2019s Executive Order on Evictions Likely Won\u2019t Prevent Any Evictions<\/a><br \/>\n<em>Bloomberg<\/em><\/p>\n<p><a href=\"https:\/\/www.cnet.com\/personal-finance\/new-eviction-order-the-truth-about-a-moratorium-and-protections\/\" target=\"_blank\" rel=\"nofollow noopener\">New Eviction Order: the Truth About a Moratorium and Protections<\/a><br \/>\n<em>CNet.com<\/em><\/p>\n<p><a href=\"https:\/\/www.multihousingnews.com\/post\/hud-unveils-472m-in-coronavirus-relief\/\" target=\"_blank\" rel=\"nofollow noopener\">HUD Unveils $472M for Coronavirus Relief<\/a><br \/>\n<em>Multi-Housing News<\/em><\/p>\n<p><strong>2. In office space, the one certainty is flexibility.<\/strong><\/p>\n<div id=\"attachment_1004471092\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004471092\" data-attachment-id=\"1004471092\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/covid-19-weekly-reads-aug-10-14\/google-office-in-sunnyvale\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg\" data-orig-size=\"788,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Google office in Sunnyvale\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Google office building in Sunnyvale, Calif. Image via Wikimedia Commons&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg?w=788\" class=\"size-medium wp-image-1004471092\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg\" alt=\"\" width=\"300\" height=\"236\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg 788w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg?resize=300,236 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Google-office-in-Sunnyvale.jpg?resize=768,604 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004471092\" class=\"wp-caption-text\">Google office building in Sunnyvale, Calif. <em>Image via Wikimedia Commons<\/em><\/p><\/div>\n<p>The desire to give office employees greater flexibility (BP is the latest big employer contemplating major space reductions partly in the name of it) is great news for flexible office providers and traditional office property owners that want to get into the business. But these are challenging times for everyone. A survey released last week noted that flex office providers are contending with rent reduction requests and contract termination as a result of the pandemic. Generally speaking, the outlook is positive.<\/p>\n<p><a href=\"https:\/\/azbigmedia.com\/real-estate\/survey-flex-office-providers-less-optimistic-on-short-term\/\" target=\"_blank\" rel=\"nofollow noopener\">Survey: Flex Office Providers Less Optimistic on Short-Term<\/a><br \/>\n<em>AZBigMedia<\/em><\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2020\/aug\/12\/bp-mulls-radical-reduction-of-office-space-in-move-to-flexible-working\" target=\"_blank\" rel=\"nofollow noopener\">BP Mulls Radical Reduction of Office Space in&nbsp;Move to Flexible Working<\/a><br \/>\n<em>The Guardian<\/em><\/p>\n<p><a href=\"https:\/\/www.propmodo.com\/flexible-office-space-is-growing-and-so-are-a-landlords-responsibilities\/\" target=\"_blank\" rel=\"nofollow noopener\">Flexible Office Space Is Growing and So Are a Landlord\u2019s Responsibilities<\/a><br \/>\n<em>Propmodo<\/em><\/p>\n<p><strong>3. More worries for the CMBS market.<\/strong><\/p>\n<p>The lack of additional governmental relief efforts and talk of a second shutdown has borrowers and lenders even more concerned about CMBS loan repayments. Meanwhile, a controversial report released this week found that underwriting on \u201cthousands\u201d of loans sold into CMBS overstated income projections and, as a result, owners\u2019 ability to repay loans.<\/p>\n<p><a href=\"https:\/\/www.fool.com\/millionacres\/real-estate-financing\/articles\/how-could-a-second-lockdown-impact-the-cmbs-loan-market\/\">How Could a Second Lockdown Impact the CMBS Loan Market?<\/a><br \/>\n<em>Motley Fool<\/em><\/p>\n<p><a href=\"https:\/\/www.bisnow.com\/national\/news\/capital-markets\/commercial-properties-had-trouble-with-mortgages-long-before-covid-19-105556\" target=\"_blank\" rel=\"noopener\">Aggressive Underwriting Inflated Building Incomes For Loans Sold Into CMBS, Study Shows<\/a><br \/>\n<em>Bisnow<\/em><\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2020\/aug\/12\/bp-mulls-radical-reduction-of-office-space-in-move-to-flexible-working\" target=\"_blank\" rel=\"noopener\">Assessing the Trouble Ahead for Commercial Mortgages<\/a><br \/>\n<em>National Mortgage News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump targets evictions. Flexibility is here to stay. CMBS challenges mount. Here are the trends that shaped coronavirus coverage this week.<\/p>\n","protected":false},"author":1269,"featured_media":1004471092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251],"tags":[],"class_list":["post-1004471086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>COVID-19 Trends of the Week: Aug. 10-14 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/covid-19-weekly-reads-aug-10-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Trends of the Week: Aug. 10-14\" \/>\n<meta property=\"og:description\" content=\"President Trump targets evictions. 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