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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
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DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic

Housing Wire

This is likely because rates of nonpayment from both commercial and residential tenants skyrocketed during the pandemic. Unlike in the construction industry, the BDS data does not distinguish between residential and non-residential, so it is unclear how residential lessors fared relative to retail, office, etc.

Landlords 374
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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 380
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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. The gap between retailers that are doing well and those struggling is widening. Labor costs continue to climb for retailers, both from cities and states raising minimum wage requirements and tight labor market. Industrial.

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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
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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.

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Why Industrial Space for Rent Is the Hottest CRE Sector in 2021

The Robert Weiler Company

Retail products, food manufacturing, and pharmaceutical healthcare are all examples of different types of production facilities. Bulk warehousing : Warehouse rental space that stores goods in large quantities, most commonly as middleman storage between retailers and distributors. Industrial real estate comes in various forms.

Logistics 147