Commercial Real Estate & Business News – June 10, 2020

The Recovery from the Coronavirus Sure Looks V-shaped, Going by These Charts
The possibility of a V-shaped recovery – a sharp fall in economic activity followed by a dramatic rise – has been a hot topic of debate since the coronavirus pandemic led to widespread business closures across the United States. The shape of the economic recovery is a popular guessing game on Wall Street…»
Rent Collection Survey Predicts Increase in June Payments
A new national survey of multifamily residents predicts rent collection of 84.3 percent by June 10, up about 5 percent from the same time in May. J Turner Research found that 74.6 percent said they expected to pay rent on time with 9.6 percent responding it would…»
Dunkin’ Commits to Hiring 25,000 Workers Nationwide As Reopening of Economy Accelerates
Fast-food breakfast chain Dunkin’ (NASDAQ: DNKN) has announced plans to hire 25,000 new employees nationwide as the company looks to lead the charge out of nationwide coronavirus quarantines. Taco Bell recently made a similar declaration, vowing in late May to hire 30,000 workers this summer…»
Zero-emission Truck Maker Nikola Readies for Rebirth as $11B Public Company
The Phoenix-based maker of zero-emission heavy trucks Nikola Corp. will become a publicly traded corporation later this week, possibly worth $11 billion or more, if a vote to approve its merger with another company succeeds as expected. More than $700 million in proceeds from the reverse-merger transaction…»
Willmeng and Trammell Crow Celebrate Topping Out of Axis Raintree
Willmeng Construction, Inc., a Phoenix-based commercial general contractor, and developer Trammell Crow Company recently celebrated the topping out of Axis Raintree, a 175,000-square-foot, three-story, Class A speculative office building in Scottsdale, Arizona. The topping-out marked…»