Northeast

A dip in property values may drive away capital allocators as the future remains unclear, Aaron Appel, senior managing director at Walker Dunlop in New York, tells GlobeSt.com.

Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution.

Real estate investment firms The Kaufman Organization and AXA Investment Managers have planted the flag in Midtown South, deploying $200 million in acquisitions, which include two office properties.

Grocery-anchored retail centers are performing well through the pandemic as people stock up on essentials.

As the days of social isolation add up, tenants will seek rent relief and landlords will have to prepare on how to respond.

In a recession, people hold onto their cars longer.

Gov. Baker has also directed the Department of Public Health to issue a stay at home advisory outlining self-isolation and social distancing protocols. Residents are advised to stay home and avoid unnecessary travel and other unnecessary activities during the two-week time period.

By placing these appropriations in reserve on March 20, the release of those appropriations will now require the Budget Director's approval before the appropriated amount may be expended.