Eric Allon

Partner at @BernkopfGoodman, focusing on real estate and business law. Also a potter, photographer, teacher, deep idea diver and team player.

[Eric Allon @EricAllon]

How can middle and low income families afford a place to live? Rents have jumped 16.4% since January. Housing prices rose almost 20% in July. Will your children be stuck living in your home when they grow up?
#financeandeconomy #housing #renting
https://t.co/yOirCwRpY9

[Eric Allon @EricAllon]

How big a presence do you want @Amazon to have in #Boston? It will surely provide #tax revenue and #jobs, but the treatment of warehouse employees and the reputation of gaining significant power over local govt such as Seattle is concerning.
https://t.co/wggUYz2lkm

[Eric Allon @EricAllon]

In the Boston area, life science space is the prize, commanding top rents. Riding the wave of demand, @OxfordPropGroup seeks to convert former @WeWork leased space into lab space. Will @BostonPlans permit the conversion?https://t.co/59PeFEfV0k
#RealEstate #lifescience #CRE

[Eric Allon @EricAllon]

A court ruling Baker's emergency COVID closure orders excused Caffè Nero's rent obligations for a certain period has emboldened tenants & their lawyers. Still, tenants should not expect landlords nor courts to agree with unreasonable rent relief demands. https://t.co/2JX9jd57v7

[Eric Allon @EricAllon]

The pandemic has caused NYC, Los Angeles, and San Francisco to lose over 10% of its jobs. What will the lasting effects and implications be?

#jobs #prosperity #economy #economicdevelopment

https://t.co/JF0Vy2uWqV

[Eric Allon @EricAllon]

The pandemic accelerated this downward trend of malls. @SimonPropertyGp has given keys back to some lenders and wished them well. Will experiential attractions, like gaming, bring people back to the malls?

#CRE #commercialleasing #malls #investing
https://t.co/2sAcSwP543

[Eric Allon @EricAllon]

With @marty_walsh's departure to become Labor Secretary, the mayor's race is wide open. What impact will the new Mayor have on real estate development in #Boston? https://t.co/2WhgEz98K0

#bostonrealestate
#BPDA

[Eric Allon @EricAllon]

What will the post-pandemic #officeleasing market look like in #Boston, NYC, etc.? With millions of sq. ft. of sublease on the market & an uncertain future, many will demand lower rents, less space among others. This @nytimes article offers thoughtful analysis and insights.

[Eric Allon @EricAllon]

@j_g_allen Joe-please let us know your thoughts on downhill ski resorts. Many of us only intend to ski and not visit the facilities. Masks are required and only two people are permitted on 4 person chairlifts.

Thanks-
Eric

[Eric Allon @EricAllon]

Major Boston players appear optimistic about new mixed-use developments as shown by the Red Sox joint venture around Fenway & Winthrop Center.

Conversely, as many companies look to reduce their real estate, COVID has accelerated lab & industrial space.
https://t.co/BVh5d4YPcL

[Eric Allon @EricAllon]

The hospitality industry felt the full brunt of the pandemic. However, the previously shrinking motel industry has seen better than triple the occupancy rates of hotels. Motels offer parking in front of rooms and often few amenities.
#hospitality #motels
https://t.co/LIkVJ5c1X7

[Eric Allon @EricAllon]

“Sell the campus, save the college” is being considered by some colleges as their best fiscal alternative to closing. But much is lost in academic, social, and emotional development when there is no campus (and thus no “campus life”).

https://t.co/pWwNZoXjjD

[Eric Allon @EricAllon]

Britain’s “Eat Out to Help Out” program is a success. 2 weeks of the gov't paying 50% of every eat-in meal, 35 million meals were consumed in 85k restaurants, generating over $1.3B in restaurant revenue. Would a similar program help restaurants in US?
https://t.co/BL20MTxUul

[Eric Allon @EricAllon]

Fall w/o football will devastate college towns. College Station (Penn State) is projected to lose $70M. But football isn't only a source of $, it's important to campus spirit. Do you agree with the decision of many colleges not to play football this fall?
https://t.co/u1DEsuDJo1

[Eric Allon @EricAllon]

The pandemic has pushed many in CRE into crisis mode. Some tenants (including retailers) are suing to get out of their leases. Are the lawsuits worth the expense? Should the gov't assist by backstopping insurers to cover business interruption clauses?
https://t.co/nwkgLMRU9z

[Eric Allon @EricAllon]

Corporations are wisely providing talented employees with a variety of solutions to meet childcare needs - become a key benefit in attracting and retaining talent. Should universal childcare be considered in Congress, or is childcare is a family issue? https://t.co/A00KvlhDWx

[Eric Allon @EricAllon]

Caught unprepared by the surge in demand at the beginning of the pandemic, #Amazon responded by hiring 175,000 more workers & maintaining focus on consumers. Amazon's secret to success remains its responsive channels for customer complaints. https://t.co/8evcwHSdBC

[Eric Allon @EricAllon]

@j_g_allen The Harvard Chan School Path Forward has excellent guidelines for all (including camps) to follow, but we must first have $ from Congress to support states and schools and a national plan following science to bring the pandemic under control as South Korea has done.

[Eric Allon @EricAllon]

Expanding student housing to local vacant hotels sounds like the perfect match: Boston higher ed need additional housing to keep students safe & separated & Boston hotels desperately need to fill rooms. But it is not without risks.
https://t.co/hvBA0HjzAm

[Eric Allon @EricAllon]

Fewer #foreignstudents means Mass is losing the competition to retain #STEM graduates & threatening companies in the growth sector of our economy. MA needs #universities, government, & private sector to work together to win the war for STEM talent. https://t.co/lJCT7ZjHc0