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Home · Articles posted by Greg McLaughlin

For developer Scott Gillen, the coronavirus pandemic is redefining what he sentimentally describes as “home is home.” A residence is no longer a place to simply “eat, shower and sleep” before venturing into a bustling world for school, work and social events, said Mr. Gillen, who owns development firm UnvarnishedCo based in Malibu, California. As…


As many businesses are re-opening, employees have begun returning to work at their companies’ physical office space and landlords of commercial office buildings are encountering practical questions regarding how best to re-open their commercial office buildings. This article provides some practices and precautions that landlords of commercial office buildings should consider as tenants return to…


This was supposed to be a year marked by a healthy amount of new multifamily supply, as some 300,000 units were on pace to open by the end of 2020. But federal, state and local stay-at-home orders and other responses to the coronavirus pandemic will likely reduce that to around 250,000 units, according to projections…


On a normal day, Marcella Nolan would be flashing her smile in the aisles of a Restaurant Depot, giving away samples and drumming up sales for the food brokers who hire her as an independent contractor. In 1999, she left behind her life as a carnival operator in Ohio and moved with her children to…


After a decade of growth in the number of high-earning renter households, the impact of the coronavirus outbreak could cause that number to stall, leaving owners of luxury rental properties struggling to lease apartments. According to research from the Joint Center for Housing Studies at Harvard University, while the length of the pandemic is still…


Introduction This is an unprecedented time. If someone had told me a month ago that by April Fools Day 265 million Americans would be under government orders to stay at home… and a whopping 855,000 total humans would be suffering globally from a deadly pandemic with over 42,000 dead, I wouldn’t have believed it. It seems outrageous. Like a…


The U.S.’s decadelong economic growth officially ceased when 701,000 residents lost their jobs in March, in stark contrast with the 275,000 positions gained in February, according to figures released by the U.S. Bureau of Labor Statistics. With millions of laid-off or furloughed workers, multifamily operators are preparing for months of uncertainties, despite nearly 70 percent…


As the coronavirus washes over the country, the multifamily business has embraced a “wait-and-see” approach, as it looks ahead. In the meantime, many residents are struggling to pay rent. As more hourly workers file for unemployment, it will become clear how unevenly the pandemic is impacting the market. The luxury sector is not expected to…


Although all of commercial real estate has entered the world of uncertainty that is April 2020, it can be safely said the affordable housing crisis isn’t going anywhere. How equipped the multifamily sector is to address that crisis amid the ongoing coronavirus pandemic is much more open for debate. “One of the things that has…


When Chris Athineos says that current events present an unprecedented challenge to landlords, he speaks with some authority. He manages a family business, founded by his parents in 1968, that now owns and operates 150 units in apartments across the Brooklyn Heights, Park Slope, and Bay Ridge neighborhoods in Brooklyn, New York. “It’s frightening, we’ve…

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