admin

There are many people, from millennials to senior citizens, unwilling to sacrifice the ease and convenience offered by mixed-use living, even with the unpredictability of both coronavirus and social unrest affecting urban livability. As many multifamily residents telecommute from home, they will still need to escape their confines throughout the day for food, services, essentials More

There are many people, from millennials to senior citizens, unwilling to sacrifice the ease and convenience offered by mixed-use living, even with the unpredictability of both coronavirus and social unrest affecting urban livability. Retailers will be attracted to the built-in steady 24-hour traffic mixed-use developments provide. As many multifamily residents telecommute from home, they will More

Even with numerous retailers adversely affected by coronavirus concerns, discount-value brands have been doubling down on their expansion efforts. These bargain retailers are swooping in on space vacated by other struggling brands. The time has never been better for discount retailers, as Americans are desperate for cost-saving options, especially for essentials. The younger Gen X/millennial More

Look for a surge in multifamily construction lending throughout the third and fourth quarter. Multifamily projects in the best locations with strong sponsors will see available capital, although with more conservative occupancy and rent growth underwriting. Projects are taking longer to get through the entitlement and planning process and there are concerns about the availability More

Even with coronavirus prompting more online sales, jewelry retailers, especially those selling engagement rings and ear-piercing services, will still attract a lot of traffic. Customers need in-person ring sizing measurements, and also want to see how a jewel’s color and cut will look against their own skin tone. Though the pandemic had been prioritizing essential More

Stephen DeFrancis, CEO — Cortland Like many in our industry, as stay-in-place orders took effect in March, we quickly ramped up our virtual and online tour capabilities. Within days, we had over 550 video tours up on our community websites and were offering live virtual tours so prospects could still have some form of an More

The beginning of the COVID-19 pandemic brought a lot of uncertainty to the industry as tenants saw a surge in unemployment and struggled to pay rent leading to a chain reaction with owners and developers resetting their 2020 goals. The economy saw a small boost with the multiple coronavirus stimulus packages passed and many tenants More

Many Mexican restaurants, especially the fast-casual and drive-thru establishments, are thriving with expansion. Mexican food is especially attractive in today’s uncertain economic climate as its food is traditionally at a cheaper price point and is already set up for easy to-go orders. Many Mexican restaurant chains are providing options attractive to the younger millennial crowd More

Growth for oil change chains will be especially healthy as the younger generation of drivers show less interest in changing their own oil than previous generations and are more than happy to pay for this service as long as it is convenient and speedy. As an essential service during COVID-19 closures, oil change shops were More

High-value fitness chains may be one of the more healthy segments to eventually emerge from the COVID-19 pandemic. The future of fitness centers was uncertain during closures but signs of life are resurfacing as states re-open, especially those less impacted by the SARS-CoV-2. Generally, gyms are re-opening with limited a number of clients and pre-scheduled More

Multifamily continues to be the top choice for lenders as property performance has been stronger than expected.  There has also not been much turnover since residents are staying put and many are working from home.  So far April, May and June collections seem promising.  All eyes will be on August, September and October rents, as More

The growth of convenience stores shows no sign of slowing as chains improve food offerings, add sit-down dining and turn to smaller designs that feature separate window pick-up for online/app orders, with 7-Eleven leading the way as it adopts cashless shopping, mimicking the Amazon Go model. Smaller c-stores are showing up in urban city centers More