Market Insights
September 9, 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Musicians Macklemore and Ryan Lewis probably weren’t referring to distressed buyers of commercial real estate in their 2012 hit song “Thrift Shop,” but the pandemic-stressed real estate market has multiple players lining up trying to find bargain basement acquisition and loan opportunities.

So far, thrifty buyers are somewhat frustrated because the U.S. government propped up both business and residential tenants alike during the first four to five months of the pandemic.


August 3, 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Bob Dylan probably wasn’t referring to the government as a savior in his 1975 classic “Shelter from the Storm,” but many commercial real estate owners should be thankful for protection the federal government programs have offered them from the impact of COVID-19.

According to data from the National Multifamily Housing Council, 91.3% of renters were current with their apartment rent payments through July 22.


July 1, 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

British rock band Queen and singer David Bowie probably were not thinking about commercial real estate when then wrote and released the chart-topping “Under Pressure” hit from 1981.

This year has proven to be very stressful for almost everyone, and commercial real estate players are not immune.

Three months into the crisis, temporary relief measures are reaching a point that will put commercial real estate owners under increasing pressure.


June 18, 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

The Rolling Stones recently released “Living in a Ghost Town,” a chart-topping single that expresses what many have been going through the past two months, but the rock band’s 1981 hit “Start Me Up” speaks to what most commercial real estate participants are thinking.

Regardless of property type or political persuasion, investors are of one mind when it comes to getting the economy revved up again — and for some it is a matter of survival.


April 28, 2020
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Bruce Springsteen released his “Born in the USA” album in 1984, which included a top 10 single titled “I’m Goin’ Down.”

Vampire Weekend, an indie band more popular with my daughters, did a rendition of that song in 2010.

Today, many commercial real estate investors are feeling the same sentiment expressed in the song — a slipping away of the love received just a few months ago from tenants and lenders alike.