Ten months into the economic crisis caused by the coronavirus, and clearly the effects are being felt all across the country, including in the commercial real estate business. The entire country has changed long-established habits of shopping in strip malls, going to work, and buying groceries in person. Underlying these lifestyle changes are the buildings themselves, in which people live, work, and shop (or used to). After nearly a year of coronavirus lifestyle
For many westerners, the idea that the United States will not continue as the leaders of the world economy is unthinkable. But recent reports from The Center for Economics and Business Research show that there will soon be a new sheriff in town. One major reason for this is the struggle with COVID-19 over the past 10 months. The economic fallout caused by the pandemic has led to forecasters predicting that China will overtake the economy of the United
What do New York City; Seattle; Pryor, Oklahoma; and Arlington, Virginia all have in common? These are the homes of the newest hot spot real estate buys for the big five tech companies: Amazon, Facebook, Apple, Microsoft, and Google. In a time when the country is dealing with lockdowns and the uncertain health protocols and the nation’s economic future, these technology powerhouses are getting ready to house the employees and tech of
This week the vaccine for SARS-CoV-2, the novel coronavirus which caused the COVID-19 pandemic, is being rolled out throughout the country. For ten months COVID-19 has spread throughout the world, killing 1.6 million people worldwide and 300,000 in the United States alone. The vaccine could not have come at a better time, as the holidays are upon us and millions are traveling. The first recipients of the vaccine will be frontline workers in the healthcare
All they had to do was ride out a few more weeks until graduation, and they would have the golden ticket: a diploma, a new job, the means to pay off student loans, and a steppingstone to the future of their dreams. But when the pandemic shut down the country early this spring, it took the hopes of the graduating class of 2020 with it. Many had already been hired, or were poised to land a job, with internship experience in hand. But the pandemic’s swinging hammer to the economy
Joe Biden knows what it is like to be part of the sandwich generation, stuck in the middle, with both aging parents and children to take care of. And when he takes office in a few short weeks, he wants to work to take the burden off those who are aging and those who are caring for them.
There is nothing more American than apple pie, baseball, and the dream of buying a new home. For many years, however, this dream of becoming a homeowner has been just out of reach for many citizens. Recently, the dream has become more attainable, and both buying and selling homes has increased.
There is no question that a catastrophic global event such as the coronavirus pandemic affects the world economy. With people stuck in their homes during the spring lockdown, buying and selling ground to a virtual halt. Big businesses hid their cash, families stopped spending, the hotel and travel industry was decimated.
When the coronavirus came hurtling to the west coast of the United States early this year, cascading eastward, it brought with it a secondary virus: economic disaster. Much of the country went into lockdown, shuttering restaurants, bars, health clubs, spas, salons, and any business not deemed “essential.”
The past week has been a big one for China’s trade relations, with Xi Jinping and his advisors opening up the world’s second largest economy through the Regional Economic Partnership of Southeast Asia. This connection has been 40 years in the making. In 1978, Mao Zedong’s Cultural Revolution
In an ever-changing modern world, where technology is king and the COVID-19 pandemic has spun the business world into a realm never seen before, successful leadership is the key to victory. And the best kind of leader in 2020 is a person who leads with humility, grace, and resilience. Long gone are the tough-minded bosses filled with bravado.
We are in a time of extraordinary uncertainty and turmoil which, as we have seen before, the markets don’t like. There are a lot of numbers and figures floating around, particularly those relating to stock market performance, which provide a false picture of how the economy is performing right now.
A few days ago, lawmakers presented their opinion regarding a potential breakup of tech giants, Facebook, Google, Amazon, Apple, and Microsoft, citing stringent antitrust laws and enforcement measures. As per their argument, Microsoft, Facebook, Amazon, Apple, and Google now hold monopoly power that they utilize to erase competition and mute innovation by others.
The economic impact of Coronavirus is being felt all over the world in all industries. There’s an inevitable economic recession in the cards, and several industries are already beginning to indicate the signs. The United States is no different, and the U.S. commercial-backed securities market, in particular, is taking a battering.
COVID-19 has hit the American economy like no other shock in the past. While the comparison is not exact, the world has looked to the previous crisis of 2008 for guidance on how to deal with such shocks. The federal government issued a support package for businesses and families of around $2.4 trillion.
For several years now, there has been much controversy over how investment performance is measured in the private equity world. In an economy increasingly clouded by uncertainty, investors need to know that returns for a prospective investment are an accurate measure of performance.
The stock market might be acting like the biggest rollercoaster at the county fair, but publicly traded stocks and bonds are no longer the only game in town. We’re in the midst of seeing a paradigm shift from mainstream, publicly accessible markets, like stocks and bonds, to private capital.
As some states are forced to pause their re-opening plans because of surging COVID-19 cases, the question must be asked: Are we on the brink of another 2008 for banks that do a bulk of their business in real estate loans?