Month: September 2020

Together with almost every other sector of the economy, commercial property has been disrupted by Coronavirus and social distancing. For many years, the main declining CRE sector has been retail. However, this sector is no longer suffering alone, since the pandemic is hurting most other CRE sectors: hospitality, office, multi-family, personal services, restaurant, entertainment, and…
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The unemployment benefits that about 29 million people receive have provided a boost to household incomes, enabling them to stay afloat and pay their debt and bills.

CHESAPEAKE, VA – Helix Apartments, a six-story urban mixed-use community with 133 apartment homes and ground-floor restaurant/retail spaces, is the first residential community in Summit Pointe. Helix, managed and leased by Drucker + Falk, is leading the Chesapeake multifamily market in rent per square foot. In just two months of accepting applications, nearly 65 percent…
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MARIETTA, GA – Vista Realty Partners and The Worthing Companies announce the grand opening of Marketplace Vista Apartment Homes, the new apartment community located in the $120 million Connolly Development and Eden Rock Real Estate Partners development. Situated at the intersection of Powers Ferry and Terrell Mill Roads, Marketplace Vista luxury apartments define a large…
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Pandemic or no pandemic, sanitization is always in style. Property managers stretching their maintenance team thin trying to keep up with the recent increase of cleaning demand can be stressful to everyone, and if the standards can’t be met, residents ultimately suffer.   In this post, I’ll share the latest news in sanitizing and disinfecting…
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LOS ANGELES, CA – Linc Housing has partnered with Search to Involve Pilipino Americans (SIPA) to build HiFi Collective, a new five-story building that will feature 63 supportive housing units and one manager s unit as well as SIPA s offices, programming space, community cultural center, and the John Eric Swing Small Business Center. SIPA…
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Preauthorized payments are a form of payment automation where customers enable companies to withdraw funds for recurring payments directly in their account, typically via the EFT (electronic funds transfers) or ACH (Automated Clearing House) process. Preauthorized payments have been around for a while but have become more popular as the use of cash has declined,…
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Instant Reaction: Jobs, September 4, 2020 The unemployment rate fell to 8.4% as 1.4 million more jobs were added in August. By:  Lawrence Yun

This report looks at the use of Section 1031 like-kind exchanges involving NAR members and assesses their views on the economic impacts of repealing Section 1031 as is being proposed by some current tax proposals. 

DALLAS, TX – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded its portfolio of affordable workforce housing with an additional multifamily housing community in Dallas – bringing the firm s total acquired units to over 10,330. The 270-unit Ventana Apartments was acquired last month…
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