An entrenched Southern Californian, Sandy Sigal has endured fires, floods, mudslides and other calamities. "I thought I had seen it all," said the founder and CEO of shopping center developer and property manager NewMark Merrill Cos. "I hadn't." In fact, no one had seen anything quite like the …
WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U.S. job market. Or is it? So many uncertainties are overhanging the economy that no one knows whether hiring will expand steadily in the months …
Real estate companies seek opportunities in a distressed market. For Mid-Wilshire-based Decron Properties Corp., the Covid-19 pandemic could present some unique real estate opportunities. “We are actively looking to continue to grow in Southern California, the Bay Area and Seattle,” said Daniel Nagel, the company’s chief financial officer. “We are …
June payments have been paltry, according to landlords and brokers; the recent unrest marked another setback. In just the last week, stores throughout Los Angeles went from closed to reopened to boarded up. “There was retail momentum a week ago,” said Jay Luchs, vice chairman at Newmark Knight Frank. …
In response to economic hardship, commercial real estate companies from coast to coast are focusing on providing food to people in need. Since the start of the COVID-19 shutdowns, some 42.6 million workers have filed jobless claims. That economic disruption is making food security a top priority for …
On the first day in Chicago to ease the coronavirus restrictions on city businesses, Mayor Lori Lightfoot and Police Superintendent David Brown expressed hope that the civil unrest surrounding the death of George Floyd was calming. But, they said, the city remains on the lookout for COVID-19 …
Ah the office. For the last two months most of us have not been to our company's physical headquarters or satellite branches — wherever it was that we would hang our hat during the workday, pre-coronavirus. What those workspaces will look like as we return will undoubtedly …
Already reeling from a spiraling economy brought on by the coronavirus, U.S. commercial real estate was buffeted by a new threat this week: sweeping unrest that saw properties set ablaze, retailers looted of their wares and buildings riddled with graffiti and broken glass. The death of George Floyd, …