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Commercial Real Estate & Business News – April 28, 2020

The State-by-State Battle to Fend Off the Coronavirus
When are 4.5 million jobless claims good? When they’re down from 5 million. That’s the reality of the situation right now, and the continued drop in those Googling “how to file for unemployment” suggests the fall will continue. Everything is still in flux, so Google searches…»
Here is an Updated Commercial Real Estate Outlook in the Wake of COVID-19
CBRE’s Chairman of Americas Research and Senior Economic Advisor Spencer Levy released the company’s outlook for the economy and specific commercial real estate sectors. Levy and his team addressed the impact of the COVID-19 pandemic and the affect containment measures…»
What Will Economic Recovery Look Like? Here’s What to Expect
A recession is upon us, due to a public health crisis that has caused a global societal shock. The COVID-19 virus has created many unknowns, but as we work through the crisis, there are some things we do know or have a high degree of confidence in, such as spiking initial unemployment…»
Homebuilders Suddenly See Sales Jump as Renters Flee Small Urban Apartments
Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled open houses and shattered consumer confidence. Now, demand appears to be coming back, especially for newly built homes. In the initial four weeks of the national…»
Goodwill Arizona First in Nation to Pass HealthyVerify Inspection, to Reopen This Week
Goodwill of Central and Northern Arizona has been approved as the first HealthyVerify Certified company in America, paving the way to open all 100 stores across the state. This new HealthyVerify safety standards program was created by Jordan Rose and Court Rich of Rose Law…»