School Will Cover Lease Termination Costs
The largest operator of student housing at University of California-Irvine is letting tenants there get out of their lease without penalty, according to news reports.
HOSPITALITY: JW Marriott delayed; some 50 hotels closed
Occupancy levels across numerous Orange County hotels have sunk to single-digits as a result of travel restrictions, causing many to temporarily shutter their doors to save on operating costs.
REAL ESTATE: Sale of Montage, Ritz-Carlton in flux
As Orange County loses its visitor pool, a base that averages north of 4 million tourists per month, it’s also losing a pool of investors as dealmaking comes to a halt.
Programs for Residential, Commercial Tenants
Orange County’s largest real estate owner adjusted its business model for residential and commercial properties in response to coronavirus concerns.