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The Altman Companies have announced the opening of Altís Grand at The Preserve., which is a new luxury apartment community coming to northwest Tampa, Fl in early June.
WeWork's retrenchment caused a deep drop in Q4 2019 commitments and other providers were expected to pick up the slack in Q1 2020, says a CBRE report. But such plans never materialized, stymied by the advent of COVID-19.
Strong April rent collections and favorable loan terms convinced Preferred Apartment Communities to move forward with the purchase, despite COVID-19 complications.
Dollar General is also increasing its bonuses to its employees during the pandemic but so far, no one has matched St. John Properties $10 million in bonuses it distributed to its 198 workers last year.