| Office Markets Are Preparing for the “New Normal” COVID-19 has been a shock to public health and the economy. As the toll of new cases starts to subside in some states, it is becoming clear that “normal life” in the future will be different from our pre-COVID days. Changes to our work routines have been so significant that some will be permanently adopted. What does…» |
| Construction Completed on Phoenix-Area MOB MedProperties Group has completed construction on Mercy Medical Commons II, a 58,600-square-foot medical office building anchored by The CORE Institute in Gilbert, Ariz. The development broke ground in 2019, with Balfour Beatty serving as general contractor. According to Yardi Matrix data…» |
| Yardi: COVID-19 Poses Long-Term Implications for Multifamily Sector In a new special report based on April-May 2020 data from 107 major metro markets, Yardi Matrix examines the immediate impact and the long-term consequences of the COVID-19 pandemic for the U.S. multifamily industry-among them the erosion of multifamily fundamentals that had held strong…» |
| July Rent Payments Reach 88 Percent Across the U.S., 87.6 percent of renters made full or partial rent payments by July 13, according to the latest report from the National Multifamily Housing Council. The figure reflects a more than 10 percent increase in rents paid so far this month: Last week’s report from NMHC found that 77.4 percent of renters had made full…» |
| Mortgage Applications Increase 5% Mortgage applications gained 5.1% last week as mortgage rates continue to hit record lows, according to a report by the Mortgage Bankers Association. The refinance index also increased 12% from the previous week – marking the highest level in refinance activity in over a month and a 107% gain year-over-year…» |