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 |
BY RACHEL HINTON, STAFF REPORTER rhinton@suntimes.com | @rrhinton Knowing many residents are facing economic uncertainty from the coronavirus pandemic, Cook County Assessor Fritz Kaegi said Friday that all homes, businesses and other real estate parcels could see their property values adjusted due to COVID-19’s effect on the market. The first-term assessor said analysts in his office are looking for data from natural disasters and