Northeast

Social distancing could create some long-lasting cultural changes that will rock asset sub-classes like co-working.

"The truth is, all of us will need to take a haircut in this unnerving time."

Investment sales for co-ops and condos in Manhattan took off in the first quarter of the year, with sales jumping year-over-year after two straight quarterly declines. Now, the springboard that was the strong economic market supporting investment activity has faltered because of the coronavirus pandemic, also known as COVID-19.

GlobeSt.com checked in with Francis Greenburger, chairman and CEO of Time Equities, Inc, to discuss the impact the coronavirus pandemic, also known as COVID-19, has had on the market and top stakeholders interests.

Since Ivy acquired the campus it has undertaken an extensive capital improvement campaign.

Many brokers have shifted to virtual showings and meetings to sell properties during the pandemic, but the trend could outlive social distancing.