Newport Beach, Calif. — Irvine Co. will defer three months of rent for retailers in need due to COVID-19.
The Newport Beach-based company said the deferment is interest- and penalty free. Retailers that do defer will have 12 months to become current, Irvine said.
Irvine’s retail portfolio includes Irvine Spectrum Center, Fashion Island and The Market Place.
Click here to read more about Irvine’s COVID-19 response.