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While some buyers are delaying or canceling escrows, Jon Rosenberg of Levrose Commercial Real Estate, says that post-pandemic discounts may be less than you think.
Also, on Monday, California Gov. Gavin Newsom, Oregon Gov. Kate Brown and Washington Gov. Jay Inslee announced an agreement on a shared vision for reopening their economies and controlling COVID-19 into the future.
"The closing took place in the midst of the current unrest in the financial markets and both Taurus and Prime worked diligently through those challenges to get the transaction closed."
CRE firms are sending rent proceeds to healthcare workers on the front lines, donating space for medical facilities and storing supplies, and encouraging donations to local neighborhoods in need.
Gustafson, who has more than 18 years' experience in property valuation and consultancy in the commercial and multifamily arenas, will be leading Apprise operations in major markets such as Boston, New York, Philadelphia, Baltimore and Washington, D.C.
The Jersey City COVID-19 Community Relief Program has a goal of raising $3 million and had already surpassed $1.5 million raised as of Friday, April 10 in its first 48 hours.