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March 16, 2020

Canceled Tours, Slowed Deals And Working From Home: Brokers Face New Normal As NYC Goes On Lockdown

As the nation shifts into a new reality with the coronavirus crisis, its real estate brokers are grappling with how to salvage deals and adjust to an unprecedented set of circumstances.

Canceled Tours, Slowed Deals And Working From Home: Brokers Face New Normal As NYC Goes On Lockdown

Like much of the U.S. they are moving to remote work — all while trying to keep their clients informed, their businesses going and, in many cases, care for their families. Anxiety is rife, uncertainty is high. Most are accepting that this will disrupt business, and no one knows just how…

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The Cleaning Industry Ramps Up To Fight COVID-19 At Commercial Properties, But It Might Fail

As business and property owners take precautions against the spread of the novel coronavirus, many say they are "deep cleaning" their spaces while keeping them open to customers and tenants alike.

Yet what precisely a deep cleaning means — and how effective it might be, considering lingering questions about how long the virus lasts on surfaces — isn't exactly clear. Moreover, the commercial cleaning industry is fragmented, unregulated and perhaps unprepared to deal with the current surge in demand.

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Women On The Move: 4 CRE Finance Execs On How They Reached The Top And What's On The Horizon

PRESENTED BY:   JPMorgan Chase
 

 

 

Women On The Move: 4 CRE Finance Execs On How They Reached The Top And What's On The Horizon

Commercial real estate is slowly shedding its reputation as an old boys club, as efforts to bring more women into the male-dominated industry gain traction.Research from CREW shows that female representation is growing, not just in CRE at large, but within the senior and executive positions that wield immense influence…

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CRE Could Benefit From The Fed Cutting Interest Rates To Near-Zero Levels — If Things Reopen

 

In an attempt to boost the vulnerable U.S. economy during the coronavirus pandemic, the Federal Reserve Sunday slashed interest rates by a full percentage point to nearly zero. 

That could put more cash in the pockets of real estate developers and consumers. 

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Instacart, Others Begin Limiting Grocery Deliveries

Instacart, Others Begin Limiting Grocery Deliveries  

Consumers worried about the transmission of the coronavirus have been turning to contact-less grocery delivery services to make sure they have the supplies they want on hand. But limited inventory has begun to squeeze shoppers used to same-day service, with some services showing no delivery windows for at least five days. 

Online grocery delivery service Instacart began staggering deliveries by days in at least some markets, and competitor Fresh Direct had no delivery openings in some parts of the East Coast on Sunday evening, as shoppers emptied out shelves and inventory ran low.

Same-day and next-day delivery services by major retailers Walmart and Amazon have also been slowed or show no empty time slots today, including for Amazon Prime members' Fresh grocery delivery service. 

Some Amazon members looking to use the site's popular Prime Now service are now greeted by a notice saying delivery is limited in major metro areas, including the Bay Area, Chicago, New York City, Seattle, Boston and Miami. Amazon Fresh showed no delivery times available for…

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Future Of First U.S. Safe Injection Site In Doubt

PHILADELPHIA — Less than a month ago, a federal judge cleared the way for Philadelphia nonprofit Safehouse to open the nation’s first facility where drug addicts would be able to inject themselves with clean needles under medical supervision with otherwise-illegal drugs.

Now, it is unclear whether any “safe injection site” will open in the City of Brotherly Love, given the firestorm of opposition from local residents and city and state officials.

A district judge ruled on Feb. 25 that safe injection sites don't violate federal drug laws, and that Safehouse could open the country's first such facility in South Philadelphia.

The decision could set a national legal precedent since officials in San Francisco, Seattle, Minneapolis and several Massachusetts cities are reportedly interested in setting up safe injection sites.

Read the full story here.

 
 
 
 
       
 
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