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Industry Groups Urge Cities to Allow Construction
Keeping infrastructure and other basic services functioning is essential business, construction industry trade groups say.
Coronavirus Strikes Global Real Estate Market
The coronavirus will shift the property market in reverse, but the degree of the setback will vary by region, market and sector, according to a new report by UBS Asset Management.
Simon Shutters US Malls Amid Virus Scare
The retail investor-operator is shuttering its 204 properties across the country until March 29.
City, State Officials Halt Commercial Evictions
Officials are stepping in to mitigate the pandemic’s economic impact on tenants.
Casinos Join Coronavirus Closure Rush
The states of Nevada, New Jersey and Connecticut are forcing hotel and casino properties to temporarily shut their doors.
Top 5 Markets for Office Construction Activity
Some 145 million square feet was under development as of January. CPE identified the country’s top-performing metros in terms of supply as a percentage of existing office stock.
Rockpoint Sells Stake in Boston Gem for $243M
Newmark Knight Frank orchestrated the company’s recapitalization of 75-101 Federal St. with the sale of a 50 percent interest in the interlinked office towers.
Commercial Real Estate Finding It’s Not Immune to the Coronavirus
Monday’s giant sell-off in the stock market, combined with announcements of increasingly draconian closures of businesses, is moving the market toward a steep cutback in transactions.
Allied Properties to Acquire Mixed-Use Vancouver Asset
The REIT is buying an office and retail building at the intersection of the city’s CBD and Gastown neighborhood.
The Front Line: How Property Managers Cope With COVID-19
Building operators are relying on their business continuity plans to keep buildings running during this crisis.