The Black Swan

2020 Special Issue Photo: muratart/Shutterstock.com Black Swan alert! No one saw this coming. Many were not prepared.  These two statements apply equally to the economic and social impacts of the pandemic. We recommend that you read the profound Real Estate Issues article by Hugh F. Kelly, PhD., CRE® published on March 21, 2018 titled “Black… Read more

Survey: Real Estate Conditions During the COVID-19 Pandemic Crisis

2020 Special Issue In April 2020, we surveyed Counselors of Real Estate to learn more about how the COVID-19 pandemic crisis was impacting their business. We received 194 responses from members living in many regions across the United States, as well as in Canada, Italy, Germany, Turkey, and Japan. Here’s what they said: What type… Read more

The World Has Changed: The Smart City in the Post-COVID-19 World

The world has changed! The news of the hour commands our attention as we react to the COVID-19 crisis. Some changes will certainly outlast the current pandemic. Stay-at-home orders and the current crisis’s economic impact have changed the way we view real estate. Technology has made location less important. Obtaining and analyzing reliable data almost… Read more

Perspectives

Impacts of the COVID-19 Pandemic: How Retail, Office and Industrial May Be Affected by Changes in Human Behavior

COVID-19 has taken our world by storm, breaking down fixed mindsets and stripping away belief systems related to proven commercial real estate methodologies. The changing paradigm of how we do business post-pandemic will result in ingenuity, resourcefulness, and innovation by owners and occupiers. The question most real estate professionals are facing right now is how… Read more

Perspectives

Emerging Legal Issues Arising from the Coronavirus Pandemic

Introduction The medical and economic consequences of the 2020 Coronavirus pandemic are making themselves felt with nearly incomprehensible speed and force. Developments change by the day, if not the hour, making it challenging to act prudently both in the moment and over any conceivable time horizon. This article will present a brief overview of legal… Read more

Perspectives

The Coronavirus, the End of the Cycle, and U.S. Commercial Property Markets: Early Thoughts

The coronavirus has seized the global economy. With the number of confirmed cases globally and in the U.S. growing by about one-third per day – that is, doubling every three days – a broad range of economic activity is rapidly shutting down, either by fiat or collapsing consumer demand, dramatically compounding the supply chain disruption that began last month. A near-term recession now seems to be a virtual certainty – both globally and in... Read More