Simon Adams Comments on Impact of Coronavirus on Real Estate Market
Simon Adams was quoted in the Law360 article “5 Ways Coronavirus Is Roiling The Real Estate Market” (subscription required). The article offers an overview of how the market is being affected by the rapid spread of COVID-19.
Simon commented that U.S. deals are likely to “see more delays” as “companies across the board adopt a temporary working-from-home model.” He added, “These actions could cause delays to transaction closings if individuals are unavailable for periods of time…Contracts may have to be revised to address delays."