article thumbnail

2020 Banking and Construction Lending Trends for Minnesota

Simonson Real Estate

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. With more office workers working from home, this greatly impacts day population counts, which then directly affects retail and hotels in the core urban areas. We had a great discussion!

Lending 148
article thumbnail

U.S. unemployment drops to six-month low of 7.9%

Housing Wire

However, as businesses attempt to safely reopen, leisure and hospitality as well as retail trade saw employment gains of 318,000 and 142,000 in September, respectively. According to the survey, 19.4 million people reported that they had been unable to work because their employer closed or loss business due to the pandemic, down from 24.2

Tenants 399
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Impact of COVID-19 On Appraisals

Simonson Real Estate

Retail is a tale of the haves and have-nots. Industrial sales transactions down 14%, total value up 197% – CSM portfolio Multi-Family transactions down 65% with total value down 90% Office transactions down 55% with total value down 80% Retail sales transactions down 74% total value down 89% Hotel transactions went from 8 to 0 sales.

Appraisal 143
article thumbnail

Six Essential Steps to Commercial Real Estate Success

Cleveland Appraisal Blog

Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. Whether it’s a residential building or a retail mall, you want to attract tenants and clients so that you can start generating profit.

article thumbnail

Selling Commercial Real Estate? 24 Practical Techniques to BOOST YOUR ROI on 5 Different Property Types

The Robert Weiler Company

CRE Property #2: Retail/Restaurant Storefront. Retail space for sale differs from other types of commercial real estate because owners are trying to either (1) attract customers, or (2) attract tenants that plan on attracting customers. Retail and restaurants require a minimalistic approach when it comes to staging.

article thumbnail

Industrial Real Estate is Killing It! The Columbus, Ohio CRE Trend for 2023

The Robert Weiler Company

Add in the aftermath of COVID-19 with lingering supply chain shortages, inflation, and a severe housing and construction crisis, and it’s clear that in many respects, Columbus is bucking several trends while simultaneously pioneering new ones. But these broad strokes barely scratch the surface of Columbus’ full potential.

article thumbnail

Don’t Miss Out on Warehouse Space for Sale – The Recession-Proof CRE Sector

The Robert Weiler Company

However, unlike many areas of the current economic climate, demand for warehouse space for sale and warehouse rentals continually increases, with new construction occurring in Columbus, Ohio, and across the nation. And by requiring that your tenant pays for all operating expenses, you significantly reduce overhead management costs!