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Apartment rent growth slows in San Francisco and Oakland, even before the full effect of pandemic

Bay Area apartment rents slowed in March, a prelude to what is expected to be a much harder hit once the effects of the COVID-19 pandemic start factoring into rental rates. A RentCafe analysis for March showed what was described as an “atypical”.....»»

Category: topSource: bizjournalsApr 2nd, 2020

SFBT Tuesday Digest: S.F. apartment demand; Big housing plans meet lawsuit

Meanwhile, a San Francisco supervisor plans to introduce legislation Tuesday that would excuse small businesses from paying rent when required to shut down under pandemic health orders......»»

Category: topSource: bizjournalsMay 25th, 2021

San Francisco fintech aggressively expands, looks to hire in Pittsburgh

The fintech sees a growth opportunity in financing home flippers that choose to rent the homes they renovate. More are choosing to do so as home-price appreciation slows......»»

Category: topSource: bizjournalsDec 16th, 2019

Planned Seattle skyscraper will be built as condos, developer says

As apartment rent growth slows, more and more developers are shifting to condos. Three condo towers are already under construction downtown......»»

Category: topSource: bizjournalsSep 6th, 2018

National Apartment Rents Rise After Pandemic Plunge 

National Apartment Rents Rise After Pandemic Plunge  As the virus pandemic upended life last year, pricey cities across the US experienced rapid declines in rent prices and widespread conce.....»»

Category: personnelSource: nytMay 3rd, 2021

Not even the pandemic and political unrest could knock Hong Kong from its spot as the world"s most expensive city to rent a luxury apartment

A $10,000 monthly budget in Hong Kong will get a renter less than 1,500 sq. ft. of living space. One home in the city is being rented for $2 million a year. Luxury apartment buildings are.....»»

Category: topSource: businessinsiderApr 29th, 2021

Economic sweet spots: As pandemic recedes, North Carolina "just right" for major job growth

It’s a Goldilocks moment for North Carolina as companies that are looking to expand find it a perfect fit. The question is: Can the state take full advantage of this opportune moment?.....»»

Category: topSource: bizjournalsApr 26th, 2021

Life Expectancy Was Declining in These States Even Before the Pandemic

The full effect of the COVID-19 pandemic on life expectancy in the U.S. won’t be known for a few more years, certainly not before the pandemic has been declared over. But the coronavirus has indeed........»»

Category: blogSource: 247wallstApr 22nd, 2021

Progressive Democrats want to cancel rent and mortgage payments for the length of the pandemic

The bill led by Rep. Ilhan Omar includes full payment forgiveness without any accumulation of debt, as well as relief funds for landlords and tenants. Reps. Ayanna Pressley (D-MA), Ilhan Omar (D-MN), Alexandria Ocasio-Cortez (D.....»»

Category: personnelSource: nytMar 12th, 2021

Despite heavy demand, KC homebuilders anticipate a year full of challenges

After explosive growth in 2020, Kansas City homebuilders are optimistic but guarded going into the second year of the pandemic......»»

Category: topSource: bizjournalsFeb 27th, 2021

What apartment hunters are looking for during the pandemic

The good news for many people who won’t be going back to their offices until at least the spring is that they can look for an apartment a little farther away that offers them a lower rent and more square footage......»»

Category: topSource: washpostDec 28th, 2020

"A banner year": US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist

"Most of what we've done this last year is really going to start to take hold in 2021," Jim Paulsen told CNBC. Reuters / Brendan McDermid Leuthold Group's Jim Paulsen told CNBC.....»»

Category: smallbizSource: nytDec 22nd, 2020

Most tenants still paying their rent, says NMHC

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.7 percent of apartment households made a full or partial rent payment by May 13 in its survey of 11.4 million units of professionally managed apartment uni.....»»

Category: realestateSource: realestateweeklyMay 15th, 2020

Apartment rentals showing signs of life, says Equity Residential

Apartment giant Equity Residential says its leasing business is starting to show signs of life. In its first quarter earnings report, the company said 97 percent of its tenants have been paying their rent through the coronavirus pandemic. â€.....»»

Category: realestateSource: realestateweeklyMay 13th, 2020

Airbnb has laid off 25% of its staff. Meet CEO Brian Chesky, who cofounded the company in 2008 to help pay his San Francisco apartment"s rent and is now worth $4.1 billion.

Dia Dipasupil/Getty Images for Tribeca Film Festival Airbnb has laid off 25% of its staff, nearly .....»»

Category: topSource: businessinsiderMay 7th, 2020

Smaller landlords will suffer if they can"t collect rent

When the boiler broke recently in the small apartment building Lincoln Eccles owns in Crown Heights, Brooklyn, the second-generation Jamaican immigrant spent $10,000 to repair it. He had to and take... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

Community Bank of the Bay Earns $886,000 in First Quarter 2020; Loans and Deposits Increase 21% Year-Over-Year; Details COVID-19 Response

OAKLAND, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Community Bank of the Bay (OTC:CBYAA), a San Francisco Bay Area commercial bank with full-service offices in Oakland, Danville and San Mateo, today reported that net inco.....»»

Category: earningsSource: benzingaApr 30th, 2020

As rent strike looms, lenders and landlords confront wave of delinquencies

New York Community Bancorp, the city’s largest lender to apartment<…; landlords, said up to 20% of tenants in its rent-regulated buildings aren’t paying rent—which is actually a better rate than... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

Facebook ad revenue stabilizes after coronavirus slows growth

CEO Mark Zuckerberg said Facebook has seen more engagement amid the pandemic......»»

Category: topSource: foxnewsApr 29th, 2020

: AMD earnings hit target, but annual forecast trimmed as business spending slows

Advanced Micro Devices Inc. shrank in the extended session Tuesday after the chip company admitted that the COVID-19 pandemic would trim its growth in 2020......»»

Category: topSource: marketwatchApr 28th, 2020

Google"s growth slows as pandemic hits ad market

Google reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales. .....»»

Category: topSource: moneycentralApr 28th, 2020