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April 22, 2020

Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population

The federal government has cut individual taxpayers slack, delaying the income tax deadline until summertime. But due to the many additional burdens caused by the coronavirus crisis, beleaguered local governments don’t have the option to put off tax collections, so Cook County property owners hoping for a break may be disappointed.

Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population

“We’re going to do our best to get property tax bills out on time,” Cook County Board President Toni Preckwinkle said Tuesday during Bisnow’s Chicago Virtual Town Hall.That should be sometime in July, and a failure to collect those taxes in a timely manner will…

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McCormick Center’s Conversion Into Temporary Healthcare Facility Shifts

McCormick Center’s Conversion Into Temporary Healthcare Facility Shifts

Chicago’s McCormick Place Convention Center had been set for a healthy year for conventions, but the onset of the coronavirus pandemic forced the city of Chicago to transform much of its cavernous space into a makeshift hospital.That project hit its first milestone last week,…

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Cannabis CRE Expects 'Extinction Event' And Market Corrections

Between a capital crunch, a vaping controversy and now the coronavirus shutdowns, the cannabis industry is at a juncture that could reshape its property market.

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My New Normal: CBRE Manchester's Joe Rigby On Kids, Lego And Home-Working Dads

 

This series aims to capture a moment in time, talking to men and women in commercial real estate about how their lives and businesses are being transformed by the coronavirus pandemic.

We've heard of dad dancing, and dad clothes, but is there such a thing as dad home-working?

CBRE Manchester Director of Occupier Services Joe Rigby is, like most of the city’s property industry, working from home. 

But he's not alone because his wife and children are also working from home, which creates new problems and rewards for parents like himself.

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Down, But Not Out: Smaller Coworking Firms Grapple With The Coronavirus

HOUSTON — Houston’s first female-focused coworking space, Sesh Coworking, opened its doors in early February. Only seven weeks later, the company was forced to close the space temporarily, as the coronavirus pandemic shuttered businesses and schools across the city.

"It was going great, and then COVID killed our momentum a little bit,” Sesh Coworking co-founder and Chief Creative Officer Meredith Wheeler told Bisnow.

Every workplace is being forced to rethink how to bring people together safely. Coworking, which revolves around the shared use of space, is facing the particular challenge of how to provide a safe environment for many different users who don’t necessarily have a fixed desk.

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Measure For $10B-Plus Tax Hike May Gain Traction With Stressed Local Governments

 

LOS ANGELES —Dedeaux Properties Chief Operating Officer Alon Kraft is worried.

He and other commercial property owners in California are concerned that the current market turmoil could lead to the support of a state ballot measure that Kraft and others say hurts property owners, small-business owners and consumers.

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