Key Takeaways
• Most Members are focused on figuring out some best practices protocols for reopening their offices.
• David Hart indicated that there is not a lot going on because the courts are mostly shut down. Both Steve Sallen and David Hart predict that once things open up that the pace for them will be brisk.
• Phil Seaver of ATA Title reported that getting inspections done on properties is still a bit of a challenge, but business has been pretty steady. Phil reports that residential property business has been brisk.
• Surprisingly, Brad Rosenberg also reported that he has been busy although much of his work has been dealing with bankruptcy landlords like Art Van and Pier One. He has been doing a lot of virtual tours for new retailers coming into Michigan, which made the group perk up.
• Member Martin Lavelle came in with a wide umbrella of news on Michigan. He was asked why the stock market took a jump up the day before when the protests were causing so much damage. He indicated that he believed that people are very excited about reopening businesses and jumped at the market opportunities.
• Auto production has ramped up a little faster than expected, but that it seems to have a big sense of optimism tagging along with it.
• April saw unemployment at approximately 22%; it is hard to bring people back to work when unemployment is so generous.
• Restaurants, hospitality and other service providers are in the most danger now.