Amazon bets on a post-pandemic return to the office



Amazon is defying trend by increasing its physical office footprint at a time when other companies are increasingly going digital. The online retailer says it will be expanding its physical presence in six U.S. cities. It plans to add 900,000 square feet of office space and create 3,500 corporate jobs New York, Phoenix, San Diego, […]

Commercial real estate firms reveal challenges of remote work



With more people working from home due to the coronavirus pandemic, many companies say the transition has proven to be successful. But some commercial real estate professionals say that some aspects of their work have become more challenging, including training new employees and networking. Technology such as video calling and collaboration software has helped many […]

Are newly empty offices the solution to a lack of housing?



Business districts in America’s biggest cities may be poised for a stark transformation as the shift to remote working threatens to become permanent. The result may be that high-rise office buildings have much lower occupancy rates in future, and that has got some in the commercial real estate sector thinking about how these spaces might […]

Commercial real estate firm adds an infectious diseases specialist to its staff



Florida-based commercial real estate firm Crocker Partners has responded to the COVID-19 pandemic by creating a new position within its organization for a director of environmental health, to help it develop a program that’s designed to keep its employees healthy. Dr. Walter Okoroanyanwu, who is a medical professional with experience in infectious diseases, told the […]

Drive-in cinemas make a comeback in empty parking lots



Drive in movie theaters are making a comeback amid the need for social distancing. They’re emerging in empty parking lots that were once jam-packed with shoppers’ vehicles at local shopping centers and regional malls, which have been hard hit by the pandemic. The idea helps support retailers as it brings in much-needed customers, while shoppers […]

Real estate sectors poised for recovery, executives say



Industry experts in the commercial and residential real estate sectors say they believe both markets have already bottomed-out and that they’re now on the mend, and likely to grow over the next few quarters. That’s according to the latest RCLCO Real Estate Market Index, which is based on a survey of hundreds of real estate […]

Demand for warehouse space grows due to COVID-19



Commercial real estate firm JLL predicts that demand for industrial real estate space could grow by an addition 1 billion square feet by 2025. The demand is likely to be driven by a need for more fulfillment centers due to the growth in e-c0ommerce – an industry that has boomed since the onset of the […]

New York mandates HEPA filters in shopping malls



Businesses in New York City are likely going to need to upgrade their air conditioning systems in order to stop the spread of COVID-19 if they’re going to reopen, reports say. This week, New York state Governor Andrew Cuomo said that the state will require malls in the city to install “high quality” air systems […]

Study: Work from home to become a long-term trend



As companies begin to reopen their office doors following the COVID-19 lockdown, a new survey reveals that around one third of employees are hesitant to return to the office, and would rather continue to work from home on a permanent basis. The survey by CreditCards.com in late May found that workers prefer working from home […]

Crescent Lenders Funds Purchase of $2.2 Million Condo



Crescent Lenders recently funded the purchase of a residential luxury townhome in Pasadena that was acquired for 2.2 Million Dollars. The term of the private money loan is for 60 months, but the buyer intends on refinancing the loan in 6 to 12 months time. The loan to value ratio was less than 40% and […]