Strong Confidence Seen in Home Remodeling Projects of All Sizes Source: Costar More homeowners than at any time in at least a quarter century are embarking on renovations in the pandemic, according to the so-called Remodeling Market Index, or RMI. Based on a quarterly survey of the National Association of Home Builders remodeler members, the RMI provides insight on market conditions as well as...
Face-to-Face Meetings Likely to Decline Source: CoStar Corporate meetings and other forms of business travel will return at some point, but hotel CEOs are prepared for changes in that sector. During the “CEOs’ think tank” session of the 42nd Annual New York University International Hospitality Industry Investment Conference webinar series, Jim Alderman, CEO for the Americas at Radisson Hotel...
NPC International Seeks Approval From Bankruptcy Court Source: Costar The biggest franchisee of Pizza Hut and Wendy's restaurants, NPC International, has struck an $816 million deal to sell itself to Flynn Restaurant Group in a move that is expected to affect more than 1,300 U.S. locations. NPC International is asking the Bankruptcy Court for the Southern District of Texas in Houston to approve a...
Billions of dollars set aside by the government through the Main Street Lending Program to help distressed companies remain untouched as firms wrestle with the program's complexity and fears over potential regulatory blowback. Source: Bisnow Billions of dollars set aside by the government through the Main Street Lending Program to help distressed companies remain untouched as firms wrestle with the...
Source: Bisnow The Dallas-Fort Worth office market's absorption rate is already down to negative 3.4M SF for the year, based on new research from Younger Partners, so HinesManaging Director Ben Brewer could be sweating the condition of the capital markets and investor appetite for new developments in office, multifamily and mixed-use. But he isn't. Brewer said in the midst of the coronavirus...
Dallas-Fort Worth outpaces all other U.S. metros when it comes to the number of employees returning to the office. Source: Bisnow Early October data from security management systems provider Kastle Systems shows 40.9% of Kastle Systems card key users in DFW visited the office during the first week of October. That rose to 43.3% in the second week of this month. Comparatively, Kastle Systems users...