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March 27, 2020

The $2 Trillion Stimulus Bill May Not Be Enough Medicine For Ailing U.S. Economy

Join us for an interactive webinar where we connect with Rappaport CEO Gary Rappaport to discuss the future of retail amid the COVID crisis

Congress' unprecedented $2 trillion bailout package is but a temporary bandage over the wound the economy is about to suffer, real estate experts tell Bisnow. Even with a short, sharp shock to the global economy, lawmakers may have to return to the table to address even more distress.

The $2 Trillion Stimulus Bill May Not Be Enough Medicine For Ailing U.S. Economy

In the late hours of March 25, the Senate passed the Coronavirus Aid, Relief and Economic Security Act, which provides a litany of aid to individual consumers and American businesses impacted by the coronavirus pandemic. The House of Representatives passed the bill Friday afternoon, sending it to…

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D.C.-Area Construction Starts Were Down 50% Before March Began

D.C.-Area Construction Starts Were Down 50% Before March Began

The spread of the coronavirus has ground the D.C.-area economy to a halt in recent weeks, but even before the region's first positive case was confirmed, developers were already hitting the brakes on construction.In February, new nonresidential construction starts in the D.C. Metro area were down 53% from last year, according…

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Office Movers Now Come Strapped With Tracking Technologies

PRESENTED BY:   OMX
 
Office Movers Now Come Strapped With Tracking Technologies  

Moving is among the most stressful of life events, and that goes double for moving offices. In a survey, more than three-quarters of leaders of small and midsized businesses said they found the idea of moving offices so stressful that they have been delaying the process, 78% of managers…

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PODCAST: Bisnow's 'Make Yourself At Home' With WBS Equities CEO Wendy Berger

PODCAST: Bisnow's 'Make Yourself At Home' With WBS Equities CEO Wendy Berger  

Bisnow has a new podcast chronicling how members of the commercial real estate industry are dealing with the impact of the current global health crisis. The economic impacts are vast, and it is forcing businesses to adapt and make difficult decisions. In this series, Make Yourself At Home, we are…

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United Bank Names CRE Industry Leader Robert Drake Senior Vice President, Managing Director Of Commercial Real Estate

PRESENTED BY:   United Bank
 
United Bank Names CRE Industry Leader Robert Drake Senior Vice President, Managing Director Of Commercial Real Estate  

United Bank has chosen a new leader for its commercial real estate lending division. Robert Drake, an industry veteran with more than 30 years of banking experience, will now serve as United’s senior vice president, managing director of commercial real estate. United Bank is a major commercial real…

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Anxious April: Multifamily Braces For A Difficult Month

 

As April 1 approaches, multifamily owners and operators are steeling themselves for what could be a difficult month, with wide swaths of people unable to pay rent and new leasing slowing to a crawl as job losses mount across the country.

Roughly 3.3 million people applied for unemployment benefits in the week ending March 21 — an increase of more than 3 million from the prior week, the U.S. Department of Labor said in its unemployment data released today.

"All of this has happened in the month of March. It's just a tsunami of economic consequences that are just unimaginable," ApartmentData.com President Bruce McClenny said.

Moratoriums on evictions and foreclosures have been issued across a patchwork of U.S. states and cities. In most cases, it still falls to the landlord to decide on a course of action if a tenant is unable to pay rent on time.

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Californians In Cramped Quarantine Are Eyeing Building 'Granny Flats'

Even with California under a mandatory shelter-in-place order, United Dwelling has seen an increase in inquiries about building accessory dwelling units.

ADUsgranny flats, guest houses or mother-in-law units are tiny backyard homes ranging from 250 SF to 1,200 SF (depending on the local jurisdiction and exact home location) built on residential lots. They have long been touted as the solution to not only California's affordable housing crisis, but as a panacea for other lodging gaps across the nation.

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