Coronavirus Impact Decimates Chicago’s Downtown Hotel Occupancy Figure Sinks to Record Low 5.9% — a 91% Drop From Previous Week Hotel Essex, which used to be called Essex Inn, is one of only a handful of hotels still open in downtown Chicago. The hotel is being used as a refuge for first responders who might not want to go home between shifts. (CoStar) By Jennifer
How Landlords Can Work with Tenants to Get Through the Coronavirus Crisis Many Businesses Simply Don’t Have the Revenue to Make Rent As business for retailers and restaurants has evaporated amid COVID-19 restrictions on travel, gatherings and business closures, many commercial landlords have been looking for ways to help out tenants whose cash revenue disappeared overnight. (iStock) By Beth Braverman LoopNet April 3, 2020 |