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September 16, 2020

Suburban Cities Are Working To Shut Down Hotels Keeping The Most Vulnerable People Housed

Across the country, local governments are fighting to regulate or close down extended-stay hotels, particularly the low-cost accommodations they view as hubs of crime and illicit activities.

But their battles against these hotels — where guests can pay by the week and stay for as long as desired — often have collateral damage. They are often the last housing resort for many low-income, transient workers.

Suburban Cities Are Working To Shut Down Hotels Keeping The Most Vulnerable People Housed

“For a lot of people, that's the sort of last stop before they end up being homeless,” National Alliance to End Homelessness Vice President Steve Berg said. “The fact remains if that housing resource disappears, then the next step down is going to be a homeless shelter.”Suburban cities that are…

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MetCap Launches New Retail Team With Hire From NREB

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The retail industry has faced a myriad of challenges this year, from coronavirus pandemic-related closures to the continued rise of e-commerce, but one D.C.-area brokerage firm is looking to enter the fray. Metropolis Capital Advisors tells Bisnow it is launching a new retail team with the hiring of Andy Hotchkiss as managing director. Hotchkiss was previously a principal…

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United Bank Reports First Half Of 2020 Earnings And A Major Acquisition

PRESENTED BY:   United Bank
 
United Bank Reports First Half Of 2020 Earnings And A Major Acquisition  

During a year marked with unprecedented challenges, United Bankshares Inc. has managed to complete a major acquisition, significantly expand its business and continue to serve its clients’ needs. United recently reported its earnings for Q2 and the first half of 2020.  Earnings for Q2 2020 were $52.7M as compared…

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DCHA Reaches Settlement With D.C. Attorney General Following Tenant Endangerment Lawsuit

DCHA Reaches Settlement With D.C. Attorney General Following Tenant Endangerment Lawsuit  

Washington's public housing agency has agreed to invest over $3M in security measures after D.C. Attorney General Karl Racine sued it for endangering its residents.  The D.C. Housing Authority announced Tuesday it reached a settlement with the Office of the Attorney General, outlining new crime…

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Uncertainty Over Winter Dining Is The Dark Cloud Hanging Over NYC Restaurants

NEW YORK CITY — Despite Gov. Andrew Cuomo's declaration that indoor dining in New York City can resume Sept. 30, restaurant owners across New York City say they have no way to plan for the coming winter because the current policies are unclear or they don't trust that Cuomo or Mayor Bill de Blasio will stick to them. 

With summer unofficially over, the prospect of a New York winter just months away has blown uncertainty and fear toward the New York City restaurant industry, which has been in a dire crisis since the city shut down in March. Among other issues, restaurant owners said there is a lack of clarity, from both the state and the city, around what would even be considered outdoor dining in the winter months.

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Origin Stories: Kim Sisney Answered A Want Ad That Put Her On A Career Path In Affordable Housing

 

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Habitat Affordable Group Vice President Kim Sisney has been in affordable housing almost all of her career, but she didn't start there. Her first job, while still taking night classes, was at a potato chip maker.

She answered an ad for a clerical position at a multifamily property manager and soon there was no looking back. She had found her calling — affordable housing —and now she manages more than 12,000 affordable units in Chicago and St. Louis. 

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