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While these assets may appear attractive to opportunistic investors, the extraordinary circumstances of the coronavirus pandemic demand extraordinary due diligence.
Lodging operators from Maine to Maryland, and the community banks that support them, hope that "drive-to" markets stand the best chance of a short-term recovery from the COVID-19 downturn this summer,
Kastle Systems, a managed security services provider to commercial businesses, has released anonymous data from their properties in 10 major U.S. cities to better help understand occupancy patterns in light of COVID-19.
This is the third deal for Bielat Santore & Co. during the pandemic and marks the latest purchase by Sackman Enterprises of residential and mixed-use real estate in Asbury Park.
If suburban commuters would prefer office space in short walking distance from the three major transportation hubs in New York City, they may find options a bit limited.