It’s hard to turn on the television or scroll through your newsfeed today without hearing or reading something about COVID-19. COVID-19 is a respiratory disease that is caused by the SARS-CoV-2 virus. The recent COVID-19 outbreak and its massive spread throughout the world have affected nearly all aspects of our daily lives, including travel, tourism, trade, food supplies, financial markets, and the workplace.
The age-old adage “time is money” absolutely applies to commercial development and construction. That is why John Wanamaker, CCIM, broker and owner of Coldwell Banker Commercial AI Group in central Florida is a strong proponent of the “Design Build” concept.
We are joined by James Whitely, Co-Founder and COO of Landmark Properties, in discussing current opportunities and challenges in the Student Housing market. Headquartered in Athens, Georgia, Landmark Properties is a fully-integrated real estate company specializing in the acquisition, development, construction and management of premier student housing communities located throughout the country. They own and manage 64 student housing projects across the country, totaling nearly 28,000 beds, and has over $2 billion in assets currently under construction. Earlier this year, the company announced the start of construction for 14 new student housing communities.
MADISON, N.J. (August 3, 2020) – Coldwell Banker Real Estate LLC, a Realogy (NYSE: RLGY) brand, today announced the first three brokerages joining the brand as part of its new Inclusive Ownership program.
For the past several years, the multifamily industry has catered to the wants and needs of the Millennial generation, thinking of them as they update their community or add new amenities. When Millennials wanted to move into downtown urban markets, the multifamily industry responded by renovating empty warehouses and building high rises. When they said they wanted open-concept spaces, developers knocked down walls and gave them more light. And when they said they wanted to feel like they were living in an upscale hotel, multifamily developers upped their game in the amenities department, too.
The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain, such as: (1) when will students return to campus/will they return for online-only learning; (2) if or when will they sign new leases; and (3) will they require future “outs” or reimbursement provisions for similar future events.
As the COVID-19 outbreak continues to change our daily lives, it is crucial to keep yourself equipped with tools and strategies to help keep your business moving forward. As the impact of the pandemic continues to intensify globally, it is important that teams are managed well and that there is effective communication during these challenging times. Maintaining levels of productivity, collaboration, and learning among teams is important to keep business going as usual.
On any given day, you see cars stopping across the street from 1717 Second Street in downtown Sarasota, Florida – people admiring new twin, 20-foot murals. The murals adorn the white stucco walls of the multi-tenant office building. Throughout the day, people take selfies with the vibrantly colored pop art honoring medical workers.
We will look at the economic effects of this crisis:, what we should expect, what economic indicators we should watch, where’s the opportunity? There are many different ways that we see an immediate impact of this crisis on real estate and finance; — Commercial office demand. — Hospitality, Leisure and Retail space demand. — Housing supply and values. — Likely tradeoff preference for space vs. proximity. — More demand for warehouse and distribution centers.
As the world adjusts to the global pandemic caused by COVID-19, remote work has proven to be an effective strategy for offsetting the economic effects of the pandemic. Remote tools or work from home tools allow businesses to stay open and productive, without having to put their employees at risk for being exposed to COVID-19, also known as the coronavirus.