Commercial Real Estate & Business News – September 8, 2020

Why People Are Buying and Selling Right Now
When a client asked me to underwrite their apartment building in the early days of the pandemic, I told them it would be an exercise in futility, since at that time, there was quite literally, no market. In late March and April, the entire marketplace became virtually nonexistent, so any value I pegged…»

Repositioning Commercial Buildings Into Life Science Facilities: Q&A
Although the life sciences industry was headed for growth before the pandemic kicked off, the sector is currently experiencing a boom, fueled by the race to find a vaccine. As COVID-19 is changing all aspects of commercial development, one of the emerging trends represents the conversion of more traditional…»

Regus Affiliates’ Bankruptcy Case May Set Precedent for Coworking Space Landlords
A U.S. bankruptcy judge is allowing Regus Corp., part of the world’s largest shared office provider International Workplace Group, to pay rent to affiliates’ landlords in a case that may set a precedent affecting owner rights as coworking companies struggle with reduced demand in the pandemic…»

HonorHealth Opens Sonoran Crossing Medical Center
HonorHealth, a leading Valley healthcare system serving 1.6 million people in the greater Phoenix area, is opening HonorHealth Sonoran Crossing Medical Center in north Phoenix in mid-September. Featuring three stories, 210,00 square feet and 70 inpatient beds, this state-of-the-art facility is HonorHealth’s…»

Workforce Housing Withstands the Worst of the Pandemic
It is no secret that high-end, four-and five-star apartment buildings in urban areas have struggled to maintain rents, and in some cases struggled to retain residents, since the onset of the coronavirus pandemic. Rents at these Class A properties nationwide are down about 1.9% since March 1…»