Investment in Senior Housing Poised for Strong Growth Following COVID-19
The COVID-19 pandemic interrupted a nearly 12-year growth cycle for the senior housing market, causing a drop in valuations to an eight-year low. Stabilized occupancy rates also fell to record lows due to infections, mandated holds on new resident admissions, safety concerns, and isolation fears. Rents, however, continued to rise, despite significant occupancy losses. In addition, […]
Developing Leaders Spotlight: A Model of Leadership and Service
Formerly a military officer in the U.S. Navy, Peter Shearer, a recipient of NAIOP’s 2020 Developing Leaders Award, followed an uncommon path to becoming a commercial real estate professional. Among his many volunteer efforts, he now works to help other men and women transitioning from the military to new careers. Shearer is known for his […]
5 Solutions for Building Office Interiors Through Supply Shortages, Price Volatility
With U.S. coronavirus cases plunging and knowledge workers craving the social component of the workplace, many companies across the country are fully reopening their offices to employees. Some companies took the opportunity to renovate or update their workspace during the lockdown periods of the pandemic, and others are planning significant design changes to prepare for […]
Developing Leaders Spotlight: Finding Hidden Value in CRE
As the son of a carpenter, Anthony Rinaldi, a recipient of NAIOP’s 2020 Developing Leaders Award, said he grew up on job sites, leading to an enduring fascination with real estate. He became interested in the financial side of the business and pursued a Bachelor of Science degree in real estate finance at New York […]
Keep Your Eyes On The Calendar
In the movie Apollo 13, there is moment when NASA engineers are arguing over what they need to do to save the lives of the astronauts in their capsule, which had been damaged by an explosion. In that scene, NASA engineer John Aaron realizes that the crew will not make it back safely because they […]
Office Lease Rates Still Growing, Despite Rising Vacancy
As more and more Americans get vaccinated, the U.S. job market continues its recovery. The number of weekly unemployment claims continues to drop. Seasonally adjusted data released on June 3 by the U.S. Department of Labor showed that jobless claims fell below 400,000 for the first time since March 2020. In April, employment across office-using […]
Why Southwest Florida’s Office Market Reveals Reasons for Optimism
We will all remember the year 2020 for innumerable reasons. The coronavirus pandemic, historic unemployment levels, a highly divisive election, and civil unrest all shared the headlines in a year none of us will soon forget. 2020 was also the year that many office employees and their employers discovered that they could complete their responsibilities […]
White House Budget Provides Details for Biden Tax Proposals
Last week, President Joe Biden submitted his proposed fiscal year 2022 budget to Congress, providing lawmakers with additional details regarding the major infrastructure and social spending initiatives comprising his American Jobs Plan and American Families Plan. In times of divided government in Washington, a White House budget is oftentimes described as “dead on arrival” as […]