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July 10, 2020

Despite Visa Upheaval, Remote Classes, Student Housing Leasing Is Ramping Up

The higher education community was left reeling this week following new Trump administration rules requiring all foreign students to take some in-person classes this fall or lose their right to be in the country.

But many owners of student housing around the nation remain optimistic about their ability to fill their spaces as schools de-densify dorms and college students prepare to head back to campuses despite the pandemic. 

Despite Visa Upheaval, Remote Classes, Student Housing Owners Say Leasing Is Ramping Up

The announcement of planned policy comes after American visa processing services around the world have shuttered and the U.S. continues to block visitors from places like China, Europe and the United Kingdom, which regularly send students to U.S. institutions. At some universities, foreign nationals make up in excess of 20%…

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Empire Outlets Developer Joseph Ferrara On Retail Leasing, Making Shoppers Feel Safe

Empire Outlets Developer Joseph Ferrara On Retail Leasing, Making Shoppers Feel Safe  

In this series, Make Yourself At Home, we are hearing from members of the commercial real estate industry about how they are managing this new reality and gaining insight into their day-to-day approaches. You can subscribe on iTunes and Spotify

On this week's episode, we hear from Joseph Ferrara, a principal at BFC Partners. His firm is the developer behind Empire Outlets, a new outlet mall on the Staten Island waterfront. The center spans more than 350K SF and has 4 acres of outdoor space. Across the state, malls can only reopen…

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Trump Administration Officials On Addressing Coronavirus Impact, Racial Disparities In OZ Program

The federal government has adapted the rules of the opportunity zone program because of the coronavirus, and it is looking to address racial disparities in the allocation of funds through the program. 

Four Trump Administration officials, including Secretary of Housing and Urban Development Ben Carson, discussed the latest on the opportunity zone program and how to address these challenges on a Bisnow webinar Thursday.

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Desperate Retail Eyes Changing Uses In Saturated Market

In the months since the coronavirus pandemic arrived, the retail industry has been one of the most severely impacted sectors in commercial real estate. Millions of retail workers have been furloughed or laid off. Thousands of retailers have closed, and of those that have remained open, only half are able to pay rent.

As many states halt reopening plans and the economy remains grounded, retail's outlook is bleaker than ever. What will happen to millions of square feet of empty retail space across the nation in the near future? The answer to that may involve some creativity. While some brick-and-mortar stores and retail outlets will survive, expect plenty of those underperforming retail sites to change uses, commercial real estate experts said.  

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