COVID-19

One distant ray of hope is a bill that Ohio Senator Sherrod Brown is planning to introduce that will provide $100 billion in emergency rental assistance.

Strong April rent collections and favorable loan terms convinced Preferred Apartment Communities to move forward with the purchase, despite COVID-19 complications.

DFW retail leasing velocity began to fall this quarter at 166,425 square feet of positive absorption, and occupancy fell slightly to 94.2% as deliveries outpaced absorption with only 42% of new retail product leased.

Prospective rent searches dropped dramatically in March, but began to climb again in April.

Adam Levin and Robert Johnston with Levin Johnston of Marcus & Millichap recently shared insights and trends resulting from the industry response to COVID-19, and say activity levels will increase once the crisis passes.

While fringe buyers have exited the market, serious buyers have continued to actively purchase homes even during shelter-in-place restrictions.

Dollar General is also increasing its bonuses to its employees during the pandemic but so far, no one has matched St. John Properties $10 million in bonuses it distributed to its 198 workers last year.

A team of Miami attorneys utilize drive-thru transactions as well as online and foreign notaries to close deals amid the coronavirus.