Commercial Real Estate Executives Optimistic Despite Serious Current Market Challenges

WASHINGTON, Dec. 2, 2020 /PRNewswire/ — Commercial real estate executives expressed a modest increase in optimism about future market conditions, according to The Real Estate Roundtable’s Q4 Economic Sentiment Index, released today. A majority of respondents to the annual survey noted that general conditions one year from now will be either “somewhat better” or “much better” than today. 

Those surveyed noted particularly challenging economic conditions in the hospitality and retail sectors; market uncertainty associated with future office space use; somewhat stable multifamily markets, and relatively stronger industrial and life science markets. They cited industry fundamentals, functioning capital markets, industry-wide low leverage and modest lender debt service forbearance as factors in the industry’s ability to thus far withstand the very serious COVID-related market challenges.

“Nearly every sector of the commercial real estate industry is facing serious economic challenges due to the overall impact of the pandemic. High unemployment, closed businesses,

Read More

Cyber Security Todoay – Executives email passwords for sale, a ransomware attack on industrial systems manufacturer and online shopping tips

Email passwords of executives for sale, a ransomware attack on industrial systems manufacturer and more online shopping advice.

Welcome to Cyber Security Today. It’s Monday November 30th. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com.

To hear the podcast click on the arrow below:

 


Cyber Security Today is brought to you by the new Cisco Security Outcomes Study, where we surveyed 4,800 cybersecurity and IT professionals.Visit https://cisco.com/go/SecurityOutcomes to read the results.

 

Today is Cyber Monday, when the Internet will be filled with supposed bargains and quick clearance sales. Some of those bargains will come from crooks. Be careful. Know the prices of the things you want to buy. If a deal is too good to be true, it’s probably fake — especially if it’s from a site or seller you’ve never heard of. Another scam is to offer a deep discount, but it comes with high shipping and handling

Read More

Here’s What Fashion, Retail And Real Estate Executives Are Saying

The fashion, retail and real estate industries are looking to President-elect Joe Biden and Vice President-elect Kamala Harris to revive the economy and quell the COVID-19 pandemic, which has been raging with the number of new cases hitting record highs in several states.

Biden today announced a 13-member COVID-19 task force as Pfizer
PFE
revealed that a coronavirus vaccine it has been testing is 90% effective. If the vaccine passes other hurdles and is approved by the Federal Drug Administration for emergency use authorization, it could be widely available in the third quarter of 2021.

The economy and the pandemic are inexorably linked. Millions of Americans remain unemployed, and retailers and restaurants – those lucky enough to have found ingenious ways of serving consumers with contactless delivery,

Read More

NYC Executives Commuting to Work by Air From Vacation Homes

(Bloomberg) — To get a sense of how — and where — New York City’s financial executives are living these days, Rob Wiesenthal might be a better source than the Census bureau.

Loading...

Load Error

Sometime around August, Wiesenthal, co-founder of a private helicopter and seaplane business, noticed an unusual travel pattern among clients, many with second homes in the Hamptons and the Hudson Valley, where they’d been living since pandemic-related lockdowns began in March.

Executives were suddenly filling planes into Manhattan on Friday mornings, an unusual choice for clientele that stays out of the city on weekends. They also booked quick midweek jaunts, arriving early morning, with no luggage, and staying only a day, maybe two.

“Imagine if, when it got cold, all the birds started going north,” said Wiesenthal, chief executive officer of Blade Urban Air Mobility. “It made no sense.”

What he soon realized was this: well-heeled New

Read More