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Commercial real estate leader Steve Schwab is looking to sign tenants to leases at a new development in downtown Denver but he’s running into troubles linked to the pandemic.“COVID has a had a major effect, probably the most major effect in the sales business,” he said.Schwab, a managing principal at Cushman & Wakefield, says COVID-19 has had a major impact on commercial real estate in a short amount of time.“Between the first quarter and the second quarter, we saw office investments sales decrease by about 72%,” he said.Schwab says unemployment, more people working from home and social distancing are impacting commercial real estate sectors like shopping centers, hotels, retail and office spaces.He says that the road to recovery will be very challenging, something other industry experts agree with.“The restaurants, the gyms, the bowling alleys, those are going to struggle over the next 12-18 months until we get back to full physical occupancy,” said Spencer Levy, chairman at CBRE.Levy says high inventory combined with low interest rates could attract foreign investors to American commercial real estate, something he welcomes with open arms.“Foreign money isn’t just cash. It brings everything with it. It brings jobs, it brings foreign students, it brings people that buy retail,” he said.But will foreign investment bring more people back inside massive buildings?Levy compares what today's commercial real estate industry needs to rebound to that of 9/11.“We had a period of time where people were tragically afraid to be back in the cities, afraid to go back into tall buildings. But that passed after people had better security in those buildings,” he said. “We are going to see exactly the same thing today from a wellness prospective.”With many major retailers already moving out of brick and mortar buildings, and millions of square feet available across the country, Levy says the commercial real estate industry needs more government assistance on the road to recovery. 2005
Community colleges across the country have been an essential part of higher education. During the pandemic, many are seeing a decline in enrollment as issues like child care and internet access affect students."It's an issue. We did a survey in the spring semester of our students and about 24% of our students said they either had no WiFi access or it was spotty and that’s a quarter of our students," said Rebecca Ashford, President of Chattanooga State Community College. Dr. Ashford says their school enrollment is down by 7%. Chattanooga State Community College even started a technology pantry, similar to a food pantry but instead of food it offers donated laptops and other technology materials to help equip students with online learning."I think the uncertainty of the whole world and situation that we’re in, the demands of family, uncertainty about jobs and the lack of technology access - or just the fear of it because a lot of students are fearful of taking online classes. I think it's just the perfect storm," said Dr. Ashford."A lot of our students are concerned about what should they do. Should I go back to school? Should I stay in school? There's a lot of concerns, [students who] need to go out and make money, maybe someone in their family has lost a job," said Dr. Carole Goldsmith, President of Fresno City College in California. Fresno City College is reporting a 15% decline in enrollment. Like Chattanooga State Community College, Fresno City College students aren't able to take a number of classes that require in-person learning. Classes like welding, science labs and more."Our performing arts. We have a very large theatrical program; dance, song, music and all of those programs we’re not able to bring them back face-to-face so a lot of them unfortunately are dropping out," said Dr. Goldsmith. Dr. Goldsmith says, at the same time, they're seeing some spikes in classes that many students use to transfer to a four-year university, like engineering and math. Students possibly finding it more economical to take the courses online at their local community college than spend the money on a virtual university tuition. "Some of those counts that we’re seeing increase in some of the general education transfer courses is really quite telling and I think as we move forward it may change how we do business for many years to come," said Dr. Goldsmith.The community college has also been loaning out laptops and WiFi hotspots to students who need them. At Chattanooga State, educators are hoping students who've been unable to continue classes know that the school is ready and here for them when they're able to come back. And that, in general, they don't fall too far behind. "We do know that students who take a gap year are, I think it's about 25% or so, less likely to complete a degree. And so, we’ve been really trying to get the message out about not taking a gap year and continuing your education," said Dr. Ashford. 2968
COLUMBUS, Ohio -- Ohio State football players and their parents were given a pledge to sign, asking them to acknowledge the risk of COVID-19 and take responsibility for their own health and safety, according to a document obtained by ESPN and The Columbus Dispatch.The electronic pledge, called the “Buckeye Pledge,” states that players will agree to COVID-19 testing and potential self-quarantine if they test positive. By signing the pledge, students also agree to report any potential exposure to the virus and agree to monitor their health for potential signs of the virus, the document states.Students who sign the pledge agree to wear a mask or “appropriate PPE” when in any public space and practice social distancing whenever possible, according to the document.The document states that failure to comply with the Buckeye Pledge “may lead to immediate removal of athletic participation privileges (not my athletics scholarship) and/or the inability to use athletics facilities," according to ESPN.Ohio State athletic director Gene Smith told ESPN that the pledge is more so intended for educational purposes than it is for liability reasons.To read the full ESPN report, click here.This story was originally published by Camryn Justice at WEWS. 1260
COLORADO SPRINGS, Colo. — More than 150 students at Colorado College are being quarantined for the next two weeks after one tested positive for the COVID-19 over the weekend.“At first I was like, shocked, but after a little while it sunk in like, 'Wow, that’s 14 days in one room,'” said Colorado College freshman Andrew Kaelin.Kaelin and Oliver Kendall only met Saturday. On Sunday, these roommates found out they will be spending nearly every minute of the next two weeks with each other. Students are allowed to only leave the room for laundry, bathroom and water. Food for the day is delivered to the room.“It’s a good way to get to know someone,” Kendall said.Before moving in, all students were required to take a COVID-19 test and were asked to isolate in their dorm rooms until the results came back.Brian Young, with Colorado College, said the student who tested positive went into the hallway of the dorm rather than staying in the room.“Immediately, as we isolated, the individual did our contact trace, realized, unfortunately, (that they) didn’t follow the guidelines we were after,” Young said.Neither Young or the El Paso County Health Department could say exactly how many came in contact with the student. Whatever the number was, it was enough to lock down Loomis Hall and the 155 first-year students living there.“All of our students are doing fine. No one is symptomatic,” Young told KMGH.Young said anyone showing even one symptom will be tested immediately. Colorado College is also providing students the ability to speak to a mental health expert as needed. Young says students will be allowed to get some fresh air with supervision.This story was originally published by Gary Brode at KMGH. 1723
CORAL SPRINGS, Fla. (KGTV and WPBF) - The Parkland community gathered for a vigil Thursday to remember the 17 victims of the Marjory Stoneman Douglas High School shooting.The vigil took place at Parkridge Baptist Church in Coral Springs, about a mile from the school.Florida Governor Rick Scott and other elected officials joined the group.The church has a direct tie to the high school. When it first started its ministries, the church used the school auditorium. 477