{"id":106673,"date":"2021-03-03T17:45:00","date_gmt":"2021-03-03T17:45:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2840312"},"modified":"2021-03-03T17:45:00","modified_gmt":"2021-03-03T17:45:00","slug":"irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/03\/03\/irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021\/","title":{"rendered":"Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021"},"content":{"rendered":"<p><strong>iCrowdNewswire <\/strong><span class=\"date\">&nbsp;&nbsp;Mar 3, 2021&nbsp;&nbsp;12:45 PM ET<\/span><\/p>\n<p><strong><em>Irwin Tauber, President and CEO of Taubco pinpoints trends commercial developers will face in 2021.<\/em><\/strong><\/p>\n<p><span>In the wake of the global pandemic, commercial real estate developers face staunch challenges when it comes to ensuring safety in buildings with hundreds of residents, employees, guests, or customers,<\/span><a href=\"https:\/\/irwintauber.blogspot.com\/\"><span> according to South Florida developer Irwin Tauber<\/span><\/a><span>.<\/span><\/p>\n<p><span>Here are four new trends that every developer must consider to ensure everyone\u2019s safety in the community or building.<\/span><\/p>\n<p><strong>South Florida Real Estate Developer Irwin Tauber Discusses Changes in Commercial Use<\/strong><\/p>\n<p><span>In 2020, brick and mortar retail businesses were decimated by government mandates that forced store closures in the midst of the pandemic. Even when stores reopened, reduced capacity shrunk revenue to a fraction of normal profits. The surge in online shopping included restaurant and grocery deliveries. However, this dramatically impacted the supply chain and did little to help small businesses housing commercial shopping centers.<\/span><\/p>\n<p><a href=\"https:\/\/mix.com\/irwintauber\"><span>Irwin Tauber points out the increasing demand<\/span><\/a><span> for warehouse space as a primary driver in the coming year \u2014 something which may cause a shift in focus for some commercial real estate developers.<\/span><\/p>\n<p><strong>Importance of Contractual Protections from Taubco CEO Irwin Tauber<\/strong><\/p>\n<p><span>The force majeure clause delays contractual obligations due to acts beyond the control of developers and other parties. Since this clause typically covers acts of God and contains continuing obligations such as rent payment, the pandemic has placed many developers on untrod ground.<\/span><\/p>\n<p><span>An increase in lawsuits using common law doctrine has caused a shift in requirements for legal representation. New contracts must include directives that account for pandemics and government restrictions beyond the developers control. This will give developers in The United States room to negotiate contingencies in order to prevent defaults,<\/span><a href=\"https:\/\/www.equitynet.com\/c\/irwin-tauber\"><span> says Irwin Tauber<\/span><\/a><span>.<\/span><\/p>\n<p><strong>Irwin Tauber Warns of Issues with Government Revenue<\/strong><\/p>\n<p><span>State and local governments will not realize the same income until the pandemic passes and businesses reopen. This fiscal downturn may result in a pinch in government revenue that jeopardizes current and future contracts for government-sponsored projects.<\/span><\/p>\n<p><span>The development community may need to get creative to secure contracts and gain support from the community to keep the local economy going. For example, commercial developers may have to provide upfront infrastructure costs and plan for future reimbursement to keep projects on schedule, says Irwin Tauber.<\/span><\/p>\n<p><strong>Irwin Tauber Is Watching the Uptick in Foreclosures and Evictions<\/strong><\/p>\n<p><span>In 2020, many states used emergency powers to place a moratorium on foreclosures and evictions. Local governments urged landlords and tenants and borrowers and lenders to work out deals to avoid financial ruin. Many commercial tenants forced to close their doors eventually had to close their businesses altogether. As the pandemic continues, this may lead to an uptick in evictions or foreclosures for 2021.<\/span><a href=\"https:\/\/irwintauber.net\/irwin-tauber-examines-the-differences-between-commercial-and-residential-real-estate-development\/\"><span> This complicates the demands for new developments and the ability of investors to afford them, says Irwin Tauber.<\/span><\/a><\/p>\n<div id=\"related_posts_wrap\">\n<h4>Also Read:<\/h4>\n<\/p>\n<\/div>\n<hr>\n<div class=\"viacrowd viaimg\"> <a href=\"https:\/\/icrowdnewswire.com\"><img decoding=\"async\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/themes\/icrowdnewswire\/images\/post_via_image.png\" alt=\"iCrowdNewswire\"><\/a> <\/div>\n<p> <!-- Now display keyword(tags) if any, and Categories combined --> <!--<\/p>\n\n\n\n\n\n\n\n<p>\n\n\n\n<div class=\"btn btn-primary\"> <a href=\"\" target=\"_blank\" id=\"related_posts_url\" rel=\"noopener noreferrer\">View Related Posts<\/a> <\/div>\n\n\n\n--> <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021\/\">Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\">Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>iCrowdNewswire &nbsp;&nbsp;Mar 3, 2021&nbsp;&nbsp;12:45 PM ET Irwin Tauber, President and CEO of Taubco pinpoints trends commercial developers will face in 2021. In the wake of the global pandemic, commercial real estate developers face staunch challenges when it comes to ensuring safety in buildings with hundreds of residents, employees, guests, or customers, according to South Florida [&hellip;]<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021\/\">Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/\">Financial Market Brief<\/a>.<\/p>\n<p> <a href=\"https:\/\/ipsnews.net\/business\/2021\/03\/03\/irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-106673","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021 - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2021\/03\/03\/irwin-tauber-ceo-of-taubco-points-out-four-commercial-real-estate-trends-for-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021 - Business\" \/>\n<meta property=\"og:description\" content=\"iCrowdNewswire &nbsp;&nbsp;Mar 3, 2021&nbsp;&nbsp;12:45 PM ET Irwin Tauber, President and CEO of Taubco pinpoints trends commercial developers will face in 2021. In the wake of the global pandemic, commercial real estate developers face staunch challenges when it comes to ensuring safety in buildings with hundreds of residents, employees, guests, or customers, according to South Florida [&hellip;] The post Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021 appeared first on Financial Market Brief. 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In the wake of the global pandemic, commercial real estate developers face staunch challenges when it comes to ensuring safety in buildings with hundreds of residents, employees, guests, or customers, according to South Florida [&hellip;] The post Irwin Tauber, CEO of Taubco, Points Out Four Commercial Real Estate Trends for 2021 appeared first on Financial Market Brief. 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