COVID-19

Washington Prime Group intends to convert the former Sears location in Morgantown Mall in Morgantown as a logistics, distribution and fulfillment center for the West Virginia University Medicine network.

Reviewing rent collection data has become a pandemic pastime for apartment investors, but these reports have varied significantly between outlets.

While transaction activity continued in the South, Florida saw a dramatic drop-off.

The number of terminated contract deals as a percentage of closed transactions has risen from 2.1% in April to 2.9% in May—seven times the average percentage of deals falling through between 2015 and 2019.

"As we got into March and April, we saw growth like nobody could have ever predicted or planned for."

This amount is more than double the amount of CMBS loans that went into special servicing for all of last year.

For the third month in a row, rental payments have decreased as the industry has been affected by massive economic upset, according to Rentec Direct.

In 2008, Orange County was hit hard by the financial crisis, but since then, the economy has diversified and gained stability.