You don’t have to dig far into the news before you’re hit with another announcement of a retail store closing its doors and filing for bankruptcy due to the global pandemic. For many retail businesses who were already in debt before the hit of COVID-19, this blow has proven to be one from which many […]
View Post [Online Resources] Real Estate, agent, bankruptcy, broker, central pa, closing, closures, covi-19, COVID, COVID19, entertainment, impact, local market, mall, money, pandemic, pennsylvania, restaurants, retail, retail real estate, shopping, shopping mall, shut down, stores, tenant representativeLike most industries, the restaurant industry has faced a sudden and unavoidable need to adapt to the changes amidst COVID-19. Nationwide, restaurants that could typically pack their tables during mealtimes, happy hours, and late night gatherings were forced to shutter their locations for weeks, even months on end. And now, even though restaurants in Pennsylvania […]
View Post [Online Resources] Real Estate, bar, beverage, brewery, business, central pa, Commercial Real Estate, coronavirus, COVID, COVID-19, CRE, downtown harrisburg, food, harrisburg, impact, josh kesler, local market, Mike Kushner, Omni Realty Group, pennsylvania, restaurant, restaurant industry, tenant representative, the millworksSchool districts in Pennsylvania are working to set their budgets for the 2020-2021 school year, and are potentially facing a $1 billion loss in local revenue as a result of coronavirus, according to the Pennsylvania Association of School Board Officials (PASBO) study. Even if the economy recovers quickly, and there’s no predicting if it will, […]
View Post [Online Resources] Real Estate, budget, central pennsylvania, Commercial Real Estate, coronaviruss, COVID, CVOID, economic downturn, Economy, finances, for sale, home, local economy, local schools, loss, Mike Kushner, money, Omni Realty Group, pennsylvania, property, property tax, public schools, residential real estate, school boards, school districts, schools, tax increase, tax rate, taxesThis is Part II in a two-part series where we look at how commercial spaces must adapt and implement new policies to adhere to social distancing guidelines. We interviewed Matt Luttrell, Partner at ThYNK Design LLC for his input on this timely and important topic. In Part I we focused on the issue of square-feet […]
View Post [Online Resources] Real Estate, advice, cdc guidelines, changes, Commercial Real Estate, coronavirus, COVID, COVID-19, HVAC, industrial, mike lattrell, office, Office Space, Omni Realty Group, pennsylvania, renovations, retail, social distancing, thynk design, tipsBased on the continually evolving data and recommendations, the efforts to mitigate the spread of COVID-19 while pursuing a more normalized personal and professional life has focused on separation, isolation, and decontamination. As things currently stand, it appears that the only potential remedy to return to a pre-COVID-19 environment is the development of a vaccine. […]
View Post [Online Resources] Real Estate, advice, cdc guidelines, changes, Commercial Real Estate, coronavirus, COVID, COVID-19, HVAC, industrial, mike lattrell, office, Office Space, Omni Realty Group, pennsylvania, renovations, retail, social distancing, thynk design, tipsOur world remains in a global pandemic and there is a long road to economic recovery. Seemingly overnight, our ways of working, living and playing drastically changed, and we were forced to sustain these changes for weeks and months on end. As a result, businesses closed their doors to the public, some temporarily and […]
View Post [Online Resources] Real Estate, business, camp hill, Commercial Real Estate, contract, coronavirus, cost, COVID, COVID-19, CRE, downsize, Economy, financial, harrisburg, hershey, industrial, investor, lancaster, landlord, lease, lemoyne, mechanicsburg, Mike Kushner, money, negotiation, office, Omni Realty Group, owner, pennsylvania, recovery, relief, retail, tenant, tenant representative, terms, york