Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There's debate as to whether the recession-proof nature applies even during a pandemic. But it's not deterring some from opening new laundromats, at a time...
Catie McKee was nervous. It was last October, and the 31-year-old hedge fund analyst, who had been scrutinizing the mortgages on the nation’s malls, was convinced that some of those malls would default on their loans. She and her colleagues had even bet a substantial...
Long-term success in portfolio building is a function of agility. We’re seeing where the market is headed and anticipating where we’ll see the greatest demand and most manageable risk. As the commercial real estate market shifts away from retail, it’s imperative to...
The pandemic has shifted preferences when it comes to what renters are seeking when considering new apartments. Before the emergency of COVID-19, a Greystar survey revealed the most wanted apartment amenities in the U.S. included swimming pools, multi-use common...
As in-person apartment viewings return, industry sources say the technologies used during the shelter-in-place period will stick around even after the coronavirus pandemic ends. The use of virtual apartment showings and paperless leasing spiked during the pandemic,...
No matter how you look at it, the economic fallout from the coronavirus is going to be brutal, with a projected 6.5% decline in real gross domestic product in 2020 and an unemployment rate of 9.3% at year-end, according to the Federal Reserve. In ordinary times, and...
Travel restrictions due to the COVID-19 pandemic have severely impacted the supply chain for the foreseeable future. With some estimates showing that the coronavirus will be part of life for years to come, businesses are quickly adapting business strategy to move...
A new $12.5 million fund is aimed at promoting minority real estate development in Detroit. Capital Impact Partners, a community development finance institution with an office in the city, is now accepting applications for first-position loans between $1.5 million and...
The explosive growth of the global life sciences sector and the real property needs it entails have captured the attention of commercial real estate investors of all stripes. According to CBRE’s US Real Estate Market Outlook 2020, from 2014-2019, life sciences real...
Even after the worst stage of the COVID-19 pandemic ends, how we use physical spaces will be transformed for the foreseeable future. The United States has had more than 1 million confirmed COVID-19 cases, with a death count approaching 70,000, as of Monday. And new...
With continued demand and improving street rates, March proved to be a positive month for the storage industry. After several consecutive quarters of negative rent performance, national street rates for the 10×10 non-climate-controlled units remained unchanged...
Uncertainty. That is the key word for those watching the real estate market in the current COVID-19 world. As those in real estate – including regional malls, strip centers, freestanding such as gyms and banks, health care, apartments, industrial and hotels – manage...
Before the coronavirus hit, co-living projects were attracting more and more investor money. Now, as public officials continue to encourage social distancing, questions are rising about whether residents in co-living buildings can even follow these guidelines, as they...
California’s chronic shortage of affordable housing has been well documented. Conor Dougherty, an economics reporter for the New York Times, states, in his new book “Golden Gates: Fighting for Housing in America,” that 3.5 million housing units need to be built in...
While many bricks-and-mortar stores have temporarily shut down recently because they were deemed as “non-essential” in a time of a pandemic, the debate has not been settled when it comes to marijuana stores. For example, in California, Governor Gavin Newsom’s...
While retail and hospitality sectors are feeling the most pain from this pandemic, office building owners and users nationwide are taking precautions to stop the spread of the disease, regardless of whether their area has diagnosed virus cases. Many tenants and...
Due to concerns about public health amidst the coronavirus (COVID-19) pandemic, two extraordinary steps were taken today in Detroit and Wayne County to curb the loss of homes. The Detroit Free Press reports that Wayne County won’t foreclose on any homes in 2020. This...
The voracious appetite American and global institutional investors have for stable Class A and value-add office buildings in the top 25 US markets is not only sharply escalating asking prices, it has pushed execution risk to higher levels for buyers, sellers and...
Tech was the “largest single source” of office leasing demand in 2019, according to Andrew Ouvrier of Cox, Castle & Nicholson, and the sector continues to grow. As a result, tech will continue to be a major player in the national office market this year and well...
Pets are a big business in the apartment industry. Not only does a pet-friendly community tap a larger rental pool, but residents in pet-friendly buildings stayed an average of 46 months, compared to 18 months in rentals that prohibit pets, according a study by...
The retail market has begun to see a shift as stakeholders buffer their portfolios in the case of a market downturn. Retail investors have begun to focus on quality assets that are deemed recession-proof or resistant, such as assets that may include neighborhood...
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