Commercial Real Estate & Business News – July 2, 2020

Fitch Issues Mixed Prognosis For CRE Banks in Midst of Pandemic
The financial prognosis for the banking industry during the current COVID-19 pandemic is unsteady, but there are bright spots. That is the word from Christopher Wolfe, managing director and head of North American Banks at Fitch Ratings, one of the country’s top three credit rating agencies. Fitch Ratings…»
NAIOP: Industrial Real Estate Leading the Way Out of COVID Crisis
In the third NAIOP survey tracking the commercial real estate industry’s response to the COVID crisis, the industrial real estate sector showed significant gains in new redevelopment/redevelopment, building acquisitions and deal activity. Industrial real estate remains the strongest sector…»
Will Off-Price Retail Chains be Poised for Long-Term Success?
Pre-COVID-19, off-price retail chains were some of the hottest picks in the sector, reporting increasing same-store sales and boasting plans to grow brick-and-mortar footprints. Those companies were also greatly outperforming department stores and apparel retailers. Off-price chains were…»
Here are the Most Influential Women in Commercial Real Estate for 2020
There are many adjectives that could be used to describe all of the Most Influential Women in Commercial Real Estate for 2020: Innovative. Driven. Brilliant. But that doesn’t mean they don’t all have secrets they keep mostly to themselves. Consider this surprising fact: “I would love to meet and have lunch…»
These 9 Arizona Cities Among Top 20 in U.S. Bouncing Back Most
The latest jobs report shows the national unemployment rate at 13.3%, which is below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose Unemployment Rates Are Bouncing…»