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Commercial real estate leader Steve Schwab is looking to sign tenants to leases at a new development in downtown Denver but he’s running into troubles linked to the pandemic.“COVID has a had a major effect, probably the most major effect in the sales business,” he said.Schwab, a managing principal at Cushman & Wakefield, says COVID-19 has had a major impact on commercial real estate in a short amount of time.“Between the first quarter and the second quarter, we saw office investments sales decrease by about 72%,” he said.Schwab says unemployment, more people working from home and social distancing are impacting commercial real estate sectors like shopping centers, hotels, retail and office spaces.He says that the road to recovery will be very challenging, something other industry experts agree with.“The restaurants, the gyms, the bowling alleys, those are going to struggle over the next 12-18 months until we get back to full physical occupancy,” said Spencer Levy, chairman at CBRE.Levy says high inventory combined with low interest rates could attract foreign investors to American commercial real estate, something he welcomes with open arms.“Foreign money isn’t just cash. It brings everything with it. It brings jobs, it brings foreign students, it brings people that buy retail,” he said.But will foreign investment bring more people back inside massive buildings?Levy compares what today's commercial real estate industry needs to rebound to that of 9/11.“We had a period of time where people were tragically afraid to be back in the cities, afraid to go back into tall buildings. But that passed after people had better security in those buildings,” he said. “We are going to see exactly the same thing today from a wellness prospective.”With many major retailers already moving out of brick and mortar buildings, and millions of square feet available across the country, Levy says the commercial real estate industry needs more government assistance on the road to recovery. 2005

Congress has been unable to agree on a new stimulus package, and now, a key feature of the last package--the 0 enhanced unemployment benefit--has lapsed.“We definitely anticipate significant increases in the number of families and individuals that will begin to rely on emergency food programs more heavily as a result of the loss of this 0 additional benefit,” said Zanita Tisdale, who works with the Food Bank for New York City.The Food Bank for New York City has provided more than 30 million meals from March to April, just in New York. With many on unemployment losing almost two-thirds of their income now, there will be an even greater need in the city and beyond.“Our network of over 1,000 emergency food providers across 90 percent of the zip codes here in the city are really bracing themselves and making sure they are already bringing in enough resources,” Tisdale added.A study done by Feeding America shows 1 in 6 Americans could now struggle with hunger as a result of the financial hardships caused by the pandemic. That is 54 million Americans, 17 million more people since the start of the pandemic.“About 30 to 40 percent of estimated clients that are coming to food banks have never called a food bank before for help,” said Zuani Villarreal with Feeding America.“The deeper we get into this economic crisis and also taking into consideration that Congress is essentially late in passing new legislation, the more significant our economic challenges are going to be as a nation,” said Mark Hamrick, a senior economic analyst with Bankrate.com.Hamrick warns if Congress doesn’t act fast to end the lapse of enhanced benefits, not only will more people go hungry, but our economy will take a more troubling hit.“The deeper we get into this lack of action on the part of elected officials, the more it exacerbates the level of uncertainty that we have,’ said Hamrick. “I do believe, and I hope I am not overly optimistic, that both sides will come together.”Currently, the House’s idea for a second package, the HEROES Act, was passed in May. However, it has been mostly ignored by the Senate. It’s a trillion plan that proposed extending the 0 benefit in full. Within the past week, Senate Republicans have revealed their own plan, the HEALS Act. It’s a trillion plan that reduces the former 0 a week enhanced benefit to 0.Since any plan has to pass in both the Senate and House, it’s unclear when an actual stimulus plan will be seen. Until then, food banks around the country are bracing for many more Americans to need their help.“Of course, we want our elected officials to do the right thing, but we are going to be here ready and waiting with no barriers to services, no questions asked,” said Tisdale. “This is a judgment-free zone. We understand people just need some support.” 2832

COLLEGE AREA (KGTV) - A former San Diego State University student was arrested for arson on Saturday, according to university police.Madelyn Delarosa is reportedly connected to a string of fires within the College Area. Campus police arrested Delarosa on Saturday morning after, they say, she started a fire in a parking garage. The fire reignited Saturday night. Students were evacuated from the Granada on Hardy Apartments both times. Police say Delarosa's crimes started on Thursday, March 14th, around 11 a.m., when a university police officer spotted a parked vehicle on fire near the 5500 block of Hardy Avenue. The officer successfully extinguished the fire, police said. There were no injuries.Officers were then notified of another fire involving the exterior door of an apartment in the 5600 block of Hardy Avenue, according to a police press release. That fire was extinguished before crews arrived and no one was injured.On Friday, March 15th, at around 8:30 a.m., community members notified police of another fire involving an apartment near the 5500 block of Montezuma Road. There were no injuries, and the fire went out on its own. Delarosa was arrested for possession of arson materials, arson of an inhabited structure, and arson to property. The motive is still under investigation. 1309

Consumers are looking for greater protections for their personal and financial information in the wake of the Equifax data breach. Many have decided to take precautions and put their credit on ice: a credit freeze.A credit freeze aims to block anyone from opening new accounts in your name. The catch is that the block applies to legit inquires, too. So it's not a great idea if you're shopping for a home or an auto loan. But when you're not looking to take out any loans or open any lines of credit, it can be a financial lifesaver.The Equifax hack, in which the names, Social Security numbers, birth dates, addresses, and driver's license numbers of 143 million people were exposed, may create a new normal in which protections previously viewed as cumbersome -- like credit freezes -- are now a valued line of defense."A security freeze is the most effective measure against 'new account' identity theft, because it stops thieves from using the consumer's stolen information," says Chi Chi Wu, a staff attorney at the National Consumer Law Center.Here's what you need to know about freezing your credit:What is a credit freeze?A credit freeze limits who can see your credit report information. The goal is to prevent anyone from opening any new accounts. It doesn't damage your credit or stop your credit report from evolving by your own actions.Your credit information will still be released to your existing creditors and any debt collectors who may come calling.But, if you want to open new lines of credit, you'll need to lift the freeze first. This can be done temporarily, either for a set time or for a particular party, like a landlord or lender.The costs to freeze and lift the freeze on your credit vary based on where you live and for each credit reporting agency, but commonly range from to per agency.If you're a resident of certain states -- like Maine or South Carolina?-- it's free.In response to public outcry, Equifax announced that fees to freeze your credit will be waived for the next 30 days.But even that doesn't totally protect your information since your data isn't fully frozen until it is on ice at all three credit bureaus. The other bureaus have their own fees. It's also unclear whether Equifax would still charge you a fee to lift the freeze. The company did not immediately respond to request for comment.Consumer protection organizations like the National Consumer Law Center are further calling for Equifax to waive the fees for credit freezes at all three credit bureaus.How is it different from fraud alerts or other credit monitoring?The credit reporting companies do little to make getting a credit freeze easy: you have to ask each of them individually, pay a fee (usually) to put it in place, ask each of them specifically to lift the freeze and often pay another fee. That's because your data is the product that they sell to other people and companies. If you freeze it, it isn't as valuable.As such, they are more likely to offer you fraud alerts and other credit monitoring products. These are services that will let you know when someone is looking at your credit and may contact you about a new account opened in your name. It's helpful, but it is often after the fact."Equifax is offering something that it says functions like a credit freeze," says Mike Litt, consumer program advocate with US Public Interest Research Group. "The problem is that it is incomplete protection and it only lasts for a year. What we're recommending is that people don't bother with the package Equifax is offering and just place freezes with the three credit bureaus instead."Can I still get a credit card or loan?Sure. When your credit is frozen you can continue to operate your financial life just as you typically would. The only notable thing is that you will need to notify the credit bureaus to lift the freeze before you ask a lender to approve you for credit.If you are able to determine which credit agency your potential lender is using to run your credit, you can even save yourself some fees by just requesting the freeze to be lifted on that one.The reporting agencies tell you that this may delay a legitimate credit request.But for those who don't feel comfortable with the way the credit reporting agencies are handling their treasure trove of personal information, a notification to the agencies and day or so delay may be a fair price to pay for added security.The agencies advise you to plan ahead and lift a freeze a few days before actually applying for new credit.How do I freeze my credit?With millions of people feeling vulnerable after the hack and scrambling to secure their most important information, getting a credit freeze has been more difficult than usual in the past few days. Users on Twitter report trying again and again to secure credit freezes, with both the website and phone systems failing.Keep trying.To set up your own credit freeze, go to the freeze page at each credit agency's website individually: Equifax, TransUnion,?Experian.You will be asked to provide information. If you do not want to put your information into another automated computer system, you can call the agencies directly. Usually you are given a PIN number, which is your key to lift the freeze. Do. Not. Lose.In addition to being subject to your state laws, the cost may also vary by agency.Often there is no charge for victims of identity fraud to add or lift a security freeze. Rules and fees at TransUnion, Experian and Equifax are similar, with the exception of Equifax's being waived for the next 30 days. 5652

CORONADO, Calif. (KGTV) -- A driver was detained late Tuesday evening after military officials said he tried to enter Naval Base Coronado property without authorization.The incident occurred at around 10:15 p.m. at the Stockdale Boulevard gate at Naval Air Station North Island, near Third Street and Alameda Boulevard.Kevin Dixon, with Naval Base Coronado Public Affairs, said a vehicle tried to enter the base but was stopped by barriers.Dixon confirmed the driver was detained, but no other information on the incident was released.The investigation forced the closure of the gate for several hours.There were no reported injuries to any military personnel. 668