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PR Newswire | April 08, 2020
The Everton brings luxury living to the single family in Baltimore's gorgeous Uplands home community, by Bozzuto Homes. Take a virtual tour of this style home, featuring up to four bedrooms, multiple floors, green technology, and more.
National Association of Realtors | April 16, 2020
The industrial real estate sector is seeing a bright spot: Warehouse demand is surging. The COVID-19 pandemic lockdown has changed consumers’ buying habits. While some could view it as temporary, companies are re-evaluating how to better handle more bloated supply chains in the future. Amid the pandemic, consumers are stockpiling essentials, such as toilet paper and cleaning supplies, and rushing to stock up at grocery stores. Even apparel stores and other retailers are fielding more online orders as their physical stores remain temporarily closed. The need for space to store more goods is growing. E-commerce operations are requiring more storage space, and companies are ramping up more “safety stock” and rethinking previous lean-inventory strategies. “There’s this move away from just-in-time [inventory], so the tenants are getting fatter,” Kevin McGowan, president of McGowan Corporate Real Estate Advisors, which specializes in industrial real estate, told The Wall Street Journal.
PR Newswire | April 09, 2020
Livly, the Chicago-based technology company bringing modern apartment applications to multifamily properties nationwide, announced today the launch of their new Community Feed feature within the Livly Resident Mobile App, giving property managers a new digital option to develop a sense of community within apartments. This feature launch empowers both apartment residents and staff to interact with each other online, without leaving their smartphones. Property managers in the United States often still rely on email or paper notices for important communication about their apartment buildings, particularly with residents. This includes communications regarding resident events, amenities, and service updates.
openPR | April 02, 2020
Global real estate market is projected to reach $8.6 billion by 2026, growing at a CAGR of 2.8% from 2019 to 2026. In 2018, by property, the land segment accrued the largest share in the real estate market. The land-related transactions have grown, owing to growth in the commercial, industrial, and residential projects around the globe. Moreover, many real estate investment firms are focusing on purchasing farm-related properties and agricultural land for leasing them to farmers. For example, in September 2019, Gladstone Land Corporation has acquired more than 400 acres of farmland in California. It entered into lease agreements with respective firms to operate the property. These firms will focus on growing a variety of berry crops. Hence, growth in the number of such projects is expected to increase the demand for land around the globe.
NREI | March 26, 2020
After days of rancorous negotiations, the U.S. Senate unanimously approved a $2 trillion+ economic stimulus bill aimed at helping the American economy navigate an unprecedented shock. The House appeared poised to pass the legislation on Friday and President Trump has promised to sign the bill as soon as it reaches his desk. It could not come at a more pressing time. On Thursday morning the Department of Labor reported that initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21. The bill is broken into several parts, with hundreds of billions allocated towards direct cash payments to most Americans and to vastly expanding unemployment benefits to be more generous and cover more classifications of workers. That alone will be beneficial, for example, by helping apartment tenants pay their rents. And within the bill are specific measures that will provide some benefits to the commercial real estate sector. Here are some initial takeaways based on early analysis and reaction to the bill.
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