The Coronavirus Impact on Retail Commercial Markets as of June 2020
The retail property market is one of the most negatively affected commercial markets by the coronavirus pandemic and measures taken to contain it.
The retail property market is one of the most negatively affected commercial markets by the coronavirus pandemic and measures taken to contain it.
There is no question that customer relationships are crucial in the property management industry. The role of the customer has become increasingly significant, what once could be boiled down to the simple ubiquitous adage “the customer’s always right,” is now a customer-centric business model. For property managers to improve customer relations they must tailor service…
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BETHESDA, MD – Meridian Investments announced the closing of R4 Housing Partners XIV, LP., a Section 42 Housing Tax Credit Fund. R4 Housing Partners XIV, LP raised $257.5 million of investor equity and will acquire interests in twenty-eight affordable multi-family rental properties located in fifteen states and the Commonwealth of Puerto Rico. Eleven corporate investors…
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When COVID-19 hit, there was an undeniable rush for apartments to offer more virtual tour options on their websites. There seemed to be an initial fear that if you didn’t have comprehensive videos and organized virtual tours, you’d be left behind and lose out on new leads. This is understandable with lockdowns quickly taking effect…
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ST LOUIS, MO – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Ceylon Apartments, a boutique, luxury multifamily community in the St. Louis suburb of Clayton, Missouri. The mixed-use residential community features 121 luxury apartments and 13,421 square feet of ground floor retail. “Ceylon…
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Rent Collection Risks Still High in Class B/C… Compared to the retail or hotel/lodging commercial real estate market, the multi-family market is faring relatively well. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate
Communication is crucial to seamless and productive operations in any organization, but as businesses grow, maintaining strong communication can become increasingly difficult. According to a 2018 Gallagher study, 60% of companies do not have a long-term communication strategy, yet around 50% of those companies said that they wanted to prioritize improving leadership and communication. Organizations that seek to improve the…
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VERO BEACH, FL – Watercrest Senior Living Group and equity partners, Peninsula U.S. Real Estate, and Corecam Capital Partners announced the groundbreaking of Watercrest Myrtle Beach Assisted Living and Memory Care in Myrtle Beach, SC. The 98-unit luxury senior living community, financed by Bank of Texas and under construction by Shiel Sexton, is scheduled to…
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Home showings in June 2020 showed a strong rebound from the level in May.
The commercial real estate sector continues to struggle as a result of the coronavirus pandemic. The hotel and retail property markets are the heaviest hit, while multi-family and industrial are performing relatively well, with the office sector in the middle of the pack.