Multifamily Archives | Page 20 of 21 | CREtech
Jamestown, a prominent developer of mixed-use projects, has set up a $50M relief fund to assist small businesses as they prepare to reopen to wary customers emerging from expiring shelter-in-place orders.
Common unveils property manager for workforce housing. Common, a company known for high-end communal living, is getting into the affordable housing business. The co-living firm revealed Monday that it has launched a brand geared towards workforce housing.
Barely a year ago Hudson Yards, the new $25 billion neighborhood of tall glass towers on Manhattan’s West Side, was celebrating its grand opening. It featured a seven-story retail mall, as well as stylish restaurants, a park, a huge climbing structure and two towers of expensive condominiums.
Short-term rentals in a luxury high-rise — what could go wrong? Try “nightmarish living conditions” ranging from armed robbery to harassment, according to a lawsuit by two tenants at 20 Broad Street in the Financial District.
There was a time before COVID-19 and there will be a time after the virus. But the transition time between the two eras is proving abrupt, dramatic and painful. For some of the PropTech world, this means money, customers and demand have dried up. For others, this is shaping up to be a period of tremendous growth.
The nation’s largest real estate listings platform is allowing its employees to work from home for the rest of the year. “My personal opinions about WFH have been turned upside down over the past 2 months,” Rich Barton, CEO of Zillow, tweeted Friday. “I expect this will have a lasting influence on the future of work … and home. Stay safe.”
By the end of March, nearly two-thirds of knowledge workers were working remotely, according to an estimate from software company Netskope. A Colliers survey of people around the globe conducted around the same time found 82% of employees hope to work from home at least once a week after the pandemic.
Web traffic to for-sale home listings on Zillow fell off dramatically in mid-March as the U.S. coronavirus outbreak began in earnest and stay-at-home orders were expanded, effectively shuttering large parts of the economy. But by mid-April, overall visits to for-sale homes had rebounded to levels — perhaps surprisingly — that are actually slightly higher than a year ago.