We can’t seem to go a day without seeing a ‘work from home’ or ‘remote work’ headline, and CEOs are taking note. As companies assess their spending in the midst of the COVID-19 pandemic, it appears that office real estate is in for its own exodus. Or is it? Businesses may be pleasantly surprised [...]
We’ve written about the future of offices and malls before; now the trends are unfolding. Many multifamily conversion projects are popping up in former office and hotel spaces. To understand what’s happening, it’s important to consider the broader context of commercial real estate as the country continues to cope with the economic impact of the [...]
When investors think about commercial real estate markets, they’re often drawn to cities like Los Angeles, Atlanta, Boston, New York, San Francisco, D.C., Chicago, and Phoenix. This attraction to major cities with populations over 5 million is understandable. As long-established centers of commerce and population, they provide large investment opportunities and can seem less risky. [...]
Not long ago, we wrote about how the commercial real estate industry can harness emerging technologies. Automation, artificial intelligence, and communication technology dominated industry developments at the time. Today, however, subscription-based platforms in CRE are opening new doors for finance professionals. The subscription economy grew over 300% from 2012 to 2018, and it’s still growing. [...]
The hospitality industry has been particularly hard-hit by the COVID-19 pandemic. Travel restrictions, stay-at-home orders, and budget cuts across business sectors all contributed to the sector seeing 40% of all excess unemployment. The need for relief seems clear. Requests for support only serve to underscore the gravity of the situation. Foodservice organizations insist that broad [...]
After years of expansion, COVID-19 has dealt hotels an unprecedented blow. Travel restrictions and the cancellation of large events left the hospitality sector scrambling in the early days of the pandemic. Now, a few months in, investors are asking: what does hotel financing look like in a COVID-19 economy? The answer to that question is [...]
COVID-19 drastically affected the financial landscape worldwide. The effects have rippled through every industry, including commercial real estate (CRE). Long-struggling malls and retail stores have taken an especially devastating blow. Between social distancing and consumers cutting discretionary spending, malls simply can’t catch a break. Without loan restructuring and innovative solutions to keep retail stores afloat, [...]
COVID-19 has everyone on edge, and for good reason. When our health and the health of our loved ones is on the line, feeling cautious and protective is natural. This is only compounded as the world has seemingly ground to a halt, stifling the economy with it. The one-two punch of both health and financial [...]
Are you a small business owner that has been adversely affected by COVID 19 outbreak? Are you interested in receiving economic assistance to support your business(es) during these unparalleled times? With all the conflicting reports in our 24-hour news cycle, are you confused about what relief you qualify for and how to obtain it? PRC [...]
A last-minute extension means small businesses have until Aug. 8 to apply for Paycheck Protection Program funds. While many financial institutions reduce hours and limit service options in the COVID-19 environment, Pioneer Realty Capital continues to lead the way by expanding its services to support small businesses nationwide. As of June 30th, 2020, there is [...]
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