The U.S. department store sector was in a downward spiral even before the COVID-19 pandemic hit as it faced declining foot traffic and falling sales. Now the health crisis and its mandated shutdowns and social distancing—not to mention a deep looming recession—may put the final nail in the coffin for some department store retailers.
Virtual and augmented reality have been available for some time and had seen sporadic use, but the mass COVID-19 precipitated shutdowns nationwide have led to rapid adoption of the technologies by multifamily owners in order to get leases signed during the pandemic.
In this episode of NREI's Common Area, David Bodamer talks with guest Bob Atkins, principal of the Atkins Cos., about what he's learned from operating his company's medical office portfolio in the COVID-19 era.
The New York Times looks at which businesses are the safest to visit. The fate of the Chrysler Building hangs in the balance, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.
