October 5, 2020

Count on an influx of developers wanting to repurpose big-box anchor mall spaces, specifically former Sears stores, into apartments. This trend has especially revved up as the coronavirus lockdowns are adversely affecting mall traffic. There are ample retailers and restaurant chains that are especially attracted to the big-box apartment conversion concept, as it means there More

The national pandemic has had devastating effects on many businesses, but the pet retail industry has been thriving. Families and baby boomer empty nesters have embraced pet ownership during this challenging time. Pets are also one of the main sources of companionship for millennials, as many are delaying starting families and going out less due More

Most conventional lenders are currently on hold for hotels until they can see stabilization in occupancy and rate performance.  Over the next twelve months, liquidity will return to the space.  The key will be the return of the CMBS market, which should start after the first of the year.  Lenders will shy away from construction More

Construction lenders are slowly re-entering the market, especially for projects located in growing or high-demand cities with experienced development teams.  Borrowers will see lower leverage and tighter underwriting standards than before the pandemic.  Rates will be about the same as they were pre-pandemic; the concern will be around proceeds and property values.  Most banks continue More