The COVID-19 pandemic is impacting every facet of the economy, including commercial construction and real estate. While the depth of some of the impacts may not be known for months, if not years, there are several emerging trends shaping these industries now.
Construction Financing Issues
In the early days of the COVID-19 pandemic this spring, many companies looked at stopping, or at least pausing, construction projects due to the uncertainty about the economy. Many projects remain paused as owners continue to worry about their long-term viability or if there is demand for office or ... Read More
On Aug. 5, Governor Roy Cooper issued Executive Order 155, which further extends North Carolina’s “Safer At Home” Phase 2 through 5 p.m. on Sept. 11, 2020.
The new Executive Order extends and continues the measures of Executive Order No. 141. Executive Order No. 141 was previously amended by E.O. Nos. 147 (to include face covering requirements), 151 and 152.
As justification for extending Phase 2, which was first entered into on May 22, 2020, and has now been extended through Sept. 11, the governor cited several key metrics which have been trending in a concerning ... Read More
A federal court in New York has invalidated portions of emergency Department of Labor (DOL) regulations that employers have been using to create their policies and determine whether to grant leave under the Families First Coronavirus Response Act (FFCRA).
Under the FFCRA, there are two leave laws that provide employees the ability to receive pay for certain absences relating to COVID-19. Summaries of these laws are available in our prior alerts: Emergency Paid Sick Leave Act (EPSLA) and Emergency Family and Medical Leave Expansion Act (EFMLEA).
The DOL issued regulations ... Read More
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