Leasing

The self-touring trend erupted last year, but with social distancing measures, it is crucial to apartment leasing.

Manhattan office leasing has taken a tumble with leasing volume dropping by nearly 50 percent quarter-over-quarter. The slowdown in leasing activity is attributed to the stark drop in transactions during March when the coronavirus pandemic, also known as COVID-19, commenced, according to a recent Colliers International.

Since Ivy acquired the campus it has undertaken an extensive capital improvement campaign.

Lincoln Property Company recently completed approximately 32,000 square feet of leases for the class-A property, Parkside Tower, the largest of which was Scottish Rite's lease renewal of 21,358 square feet.

Many brokers have shifted to virtual showings and meetings to sell properties during the pandemic, but the trend could outlive social distancing.

Rising interest rates and restricted capital is also a major impact on the Phoenix market.

The firm's headquarters is located at 100 Corporate Court in South Plainfield, NJ.

Manuel Fishman, shareholder at Buchalter in San Francisco, says the real estate industry is a chain where one part may collapse the whole chain and now is the time everyone should be working as partners.