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Commercial real estate news, developments and predictions surrounding Covid-19.
Buzz Oates Companies recently purchased a 135,885-square-foot industrial facility located at 3925 Seaport Blvd. that is fully leased to Raley's, partially due to its cold-storage capability.
Overall, customer transactions at major restaurant chains in December were down 10% compared to the same period year ago.
Potential earnings downside is a major risk for the sector, analysts say.
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Job cuts and the Texas ratio will matter.
Retail rents in all 17 New York City retail corridors have decreased since 2019, ranging from 1% to 25%.
Currently, there are $3.1 billion of ARAs outstanding among 442 loans.
Horizontal multifamily is catching on in single-story multifamily neighborhoods versus typical stand-alone rental homes.
In 2020, senior housing occupancy fell nearly 7% to 80.7% due to COVID-19 outbreaks.
In all, 630 companies declared bankruptcy during the year.
Despite lower transaction volumes, 34% made more money year-over-year in 2020.