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The strong office market continued at the start of 2020 as vacancy moved down slightly, from 20.1 to 19.7%, driven by solid first quarter absorption of almost 1.2 million square feet, according to the latest office report by JLL.
Data and analytics firm GlobalData also has forecast a 6.6% fall in construction output for North America this year, which is equivalent to a drop of $122.4 billion in projects.
Retailers like American Eagle Outfitters, Rent-A-Center and Urban Outfitters, and restaurant chains like Cracker Barrel and Texas Roadhouse are now eligible for Main Street loans.
COVID-19 continues to claim retail victims. Just before the pandemic began to spread across the US, Pier 1 filed for Chapter 11 bankruptcy. At the time…
The $36-million loan for 180 Townsend office building closed amidst the recent capital markets turmoil resulting from the COVID-19 outbreak, while maintaining the same terms as originally set forth.