Commercial Real Estate & Business News – December 28, 2020

Economist Moore predicts Coronavirus Vaccine Will be a Boon to 2021 Economy
Economist Stephen Moore predicted Sunday that the coronavirus vaccine effort currently rolling out across the U.S. will be a boon for the 2021 economy. During an interview with John Catsimatidis on his radio show on WABC 770 AM, Moore said that “the calvary is coming,” when referring to the vaccine…»
International Investors Have Sights Set on U.S. Multifamily Deals
New foreign investors are investing in apartment properties in the U.S.—even if they can’t easily get on a plane to visit buildings they are interested in. “We can expect to see allocations from overseas increase,” says Alex Foshay, vice chairman and head of Newmark Capital Markets’ International Capital Markets…»
Navigating the Mixed-Use Maze
Going into 2020, mixed-use development was quickly becoming the go-to model for multifamily and single-family residential communities alike. Residents increasingly sought neighborhoods with a diverse mix of retail, restaurants, and office space that allowed them to live, work, and play in an area…»
Physical Retail is Critical as Last-minute Shoppers Plan to Shop in Store
The pandemic won’t stop consumers from finishing up their holiday shopping in physical stores. Sixty-four of last-minute shoppers plan to do the last of their Christmas shopping in-store, according to a Klarna survey of over 40,000 U.S. consumers. The survey also found that 79% of shoppers have left their holiday…»
Zillow Predicts Stronger Housing Market Across the Board in 2021
The for-sale housing market showed incredible strength in 2020, and Zillow® predicts 2021 will be even stronger. Demand continues to grow, and is expected to surge in the cities as economies reopen. Zillow forecasts annual home sales growth will be the highest in nearly 40 years as life and financial certainty brings…»