This 2021 economic forecast questions economists’ predictions of a roaring recovery in the second half of 2021, looks at the state of CRE sectors today and checks in with the real estate cycle.
Teaching CRE Entrepreneurship at Georgia State University was something I always wanted to try. And now I can say I did it, and it was an A+ experience. The class was about helping students decide what they want to do, how they are going to do it, and which resources they need to be successful.
In May, I think we all thought (or at least hoped) that the COVID -19 situation would be under control by now. Well, it isn’t nor is it clear what the long-term impact on our lives will be.
One thing I have not done, but always wanted to do, is step inside the classroom. That is about to change. This fall I teach CRE Entrepreneurship at Georgia State. The course is an extension of how I mentor—this should be interesting for both me and the students.
Most people view making decisions about death with dread. No one likes to think about his own demise, but it is important to make smart decisions now, especially if you own real estate.
As we emerge from this economic catastrophe caused by the fear of COVID-19, we need to consider how we take advantage of the investment opportunities it will present.
Change will be our constant as we consider the impact of the coronavirus on the economy, urbanization, healthcare and, perhaps most importantly, people and their habits.
Coronavirus COVID-19 is impacting all commercial real estate sectors, some more drastically than others.
You never see the lightning bolt that hits you. Coronavirus COVID-19 has taken us all by surprise and continues to baffle us with its strength and uncertainty. It’s difficult to write a post about the current climate because it changes daily, hourly even. Every day, we hear of communities requiring residents to shelter-in-place as more orders are announced, clarifying which businesses can operate and which must shutter their doors. Real Estate Recessions: Causes Real estate market recessions are NOT always the result of real-estate activities, such as overbuilding, loose underwriting or easy financing. Sure, there have been real estate recessions caused by these actions, but not always. Often there are non-real estate triggers—think of the mid-70’s oil embargo, the Iraq War, inflation in the 80’s and 9/11. These events usually expose underlying market weaknesses and cause the debt markets to lock up, resulting in sharp declines in real estate fundamentals.
We are accustomed to seeing headlines about big philanthropic donations or seeing billionaire’s names on buildings, but do you ever stop to think about the massive multiplier effect these philanthropic donations have? On everything from job growth to real estate worth to quality of life? In Atlanta, we have a multitude of big givers—from Home Depot’s Bernie Marcus and Arthur Blank to the Coca-Cola-affiliated Robert W. Woodruff Foundation to CNN’s Ted Turner. Let’s take a deep dive into how philanthropic giving impacts Atlanta, focusing specifically on Bernie Marcus. Growth of The Home Depot The Home Depot got its start with two entrepreneurs and two Atlanta stores, one in Doraville and one in Decatur, in former Treasure Island locations. Marcus and Blank grew that humble beginning to 2,200+ stores, simultaneously profiting from the DIY craze and revolutionizing the industry. The growth of Home Depot in Atlanta significantly impacted Atlanta. First, think
Asset Servicing, Acquisitions, Investments
Stan Sonenshine
770-512-0496 office
404-290-0778 cell
Tax Credits
Steve Rothschild
404-350-4159 office
404-312-2414 cell
Address
1266 West Paces Ferry Road
Suite 415
Atlanta, GA 30327
