With a demand for a second round of federal Paycheck Protection Program (PPP) loans that will inevitably exceed supply, real estate finance company Eastern Union, Brooklyn, is urging pandemic-wracked small businesses nationwide to get a head start on the loan approval timetable by immediately pre-applying for the program.
Tag: CBRE
C/MF Briefs From Fitch, CBRE, Boston Financial Investment Management/Boston Capital
Fitch Ratings, New York, said growth for new technology in corporate IT, remote work initiatives, e-commerce, digital content and entertainment accelerated data center demand in 2020 due to the coronavirus pandemic.
‘Sluggish’ Acquisitions Slow Third-Quarter CRE Lending Activity
“Sluggish” commercial real estate investment activity caused loan closings to slow in the third quarter, reported CBRE, Los Angeles.
CBRE Sees Mixed Results in CRE Recovery
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year.
Tech Industry Drives Office Leasing Despite Pandemic
Tech industry job loss has been minimal during the pandemic, and the tech sector is still driving U.S. office-leasing activity, reported CBRE, Los Angeles.
Hotel Development Slips But Remains Robust
The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.
Pandemic Stokes Robust Demand For Life Sciences Real Estate
CBRE, Los Angeles, said the COVID-19 pandemic has accelerated the U.S. life sciences industry’s momentum, particularly amid the race to produce a vaccine and other medicines.
MORPAC Honors CBRE’s Jeff Hurley with 2020 Schumacher-Bolduc Award
The Mortgage Bankers Association Political Action Committee honored Jeff Hurley, Senior Managing Director with CBRE, with the 2020 Schumacher-Bolduc Award.
Commercial/Multifamily Briefs Oct. 22, 2020
CBRE Group, Los Angeles, pledged to spend $1 billion with diverse suppliers in 2021 and to grow this spending to $3 billion in five years.
CBRE: Pricing ‘Disconnect’ Weighing on Commercial Real Estate Activity
A new CBRE survey finds a “wide disconnect” on pricing expectations between buyers and sellers as the COVID-19 pandemic weighs on commercial real estate investment activity.