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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.
Lincoln Property Company recently completed approximately 32,000 square feet of leases for the class-A property, Parkside Tower, the largest of which was Scottish Rite's lease renewal of 21,358 square feet.
Most states are now requiring hospitals to develop surge plans in anticipation of the number of patients they will be seeing in the weeks and months ahead.
"Currently, our team is working from home and not traveling, but with dry powder in our fund, looking opportunistically at new acquisitions as more information is known and conditions begin to stabilize."
Centennial Southeast Florida division president J.C. de Ona and senior commercial loan officer Jay Brito in Miami issued the loan for the student housing portion at VOX Miami.