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Approximately $600 million of previously announced capex spending in 2020 will be deferred as owners make difficult choices between investing in existing assets, forgiving rent and making debt service payments.
David Greensfelder recently weighed in on how retail landlords can remain competitive, repositioning strategies, and public official and resident concerns about how failing malls are positioned for reuse.
Since shelter-in-place ordinances began in February 2020, most condo markets have suffered a decline in transaction volume, and while median prices have remained close to pre-COVID levels, sales volume reductions indicate potential price declines.
Lawrence Station, a class-A office/R&D project under construction, has modified its design to provide a safer and healthier working environment as companies and employees begin workplace re-entry.
The 660 J St. redevelopment slated for 2021 completion reflects the continued emergence of the Downtown Commons district and is RevOz's latest in a series within undercapitalized communities.
Businesses are displaying creativity and resilience in finding solutions, and landlords are helping to make lemonade from the lemons of a soured economy, according to retail broker/adviser Maven Commercial.
Technology was especially important when construction sites in the Bay Area were shut down, and numerous digital tools and processes have been used to keep projects moving forward, says Sabrina Odah of Suffolk.