The good news for the off-price retail sector is the COVID-19 pandemic—while halting momentum in the short-term—may have only strengthened their position for the long-term. Economic uncertainty and high levels of unemployment have reconfigured consumer spending, putting an ever greater focus on discounts than before.
The benefits of building CRE structures with light-frame construction, mass timber and pre-fab wood can include cost savings, faster production and a competitive edge for new projects.
The bank will delay bringing back a small percentage of office workers in 13 states, including Texas, South Dakota, Idaho and Florida, according to a person with knowledge of the matter. Citigroup is still planning to return about 5% of employees to offices in much of the U.S. Northeast, including New York, the person said.
New York City will delay the return of indoor dining, which had been planned for July 6, as other states experience a spike in Covid-19 cases after reopening their restaurants and bars, Mayor Bill de Blasio said Wednesday. The decision was made with the state, he said.
The Counselors of Real Estate identified the top ten issues affecting the real estate industry. Thousands of hotels face foreclosure due to the coronavirus pandemic, reports the Houston Chronicle. These are among today’s must reads from around the commercial real estate industry.
