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The Pandemic Takes Another Shot at the Office Asset Class

The Pandemic Takes Another Shot at the Office Asset Class

Occupancy fell by 2 million square feet as of November, compared to the third quarter in 2021.   Even before the emergence of the Omicron variant, it was clear that the office asset class recovery had started to falter in the face of the ongoing recovery....
CRE Gets Boost as Economy Adds 379,000 Jobs in February

CRE Gets Boost as Economy Adds 379,000 Jobs in February

Most of the job gains were in the leisure and hospitality sectors. The US economy showed its clearest sign yet of recovery with February’s unemployment report released this morning by the Bureau of Labor Statistics: Some 379,000 jobs were added to US payrolls last...
Making sure the price is right: the science of CRE appraisal

Making sure the price is right: the science of CRE appraisal

A meticulous process is in place to help determine the market value for buyers and sellers Everything that’s up for sale has a price tag. We take it for granted. Whether it’s a piece of gum or a skyscraper, someone has to make an educated estimate of the item’s market...
What the Stimulus Measure Offers CRE

What the Stimulus Measure Offers CRE

The bill extends temporary relief from Troubled Debt Restructuring under the CARES Act for an additional year, to January 1, 2022. Finally, Congress has passed another stimulus measure, a $900 billion bill that includes several provisions beneficial to commercial real...
Positive signs are on the horizon for CRE

Positive signs are on the horizon for CRE

The announcement of successful vaccine trials and new concepts of employee work environments may be good news for the industry   It’s no secret that the COVID-19 pandemic and accompanying lockdown have inflicted severe damage upon the world economy. That’s been...