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Property manager Brandon Scholten is seeing big price drops in some of his listings since COVID-19 hit.“We’re at ,040 but we started at above ,300,” Scholten said about a two-bed, two-bath townhouse in downtown Denver.Scholten, the owner of Keyrenter Property Management Denver, says some of his downtown rental properties are staying on the market 20% longer and that prices have dropped nearly 20% compared to the same time last year. And he believes the plummet is linked to the pandemic.“Especially with so many remote work options now,” Scholten said. “I think all of it is just going to push that pressure outward and you’ll see prices fall in the urban corridor.”What’s Scholten is seeing in downtown Denver is happening to other major metropolitan areas across the country.“The pandemic has shifted the demand for rentals away from these really expensive areas,” said Crystal Chen, a marketing manager with Zumper an apartment rental tracker.Zumper’s recent national rent report found one-bedroom rent prices in San Francisco fell nearly 12% year-over-year, the largest drop that city’s ever seen.Other major cities that saw decline in rent prices are New York, Boston and San Jose. Cities that reported some of the largest rent increases include Lexington, Akron and Anchorage.“It makes sense,” Chen said of the prices changes for rent. “Why would people want to pay a big city price tag if they can’t use the amenities and they’re stuck at home?”With more companies embracing working from home and more people looking to social distance, Chen says more renters are now leaving expensive big cities for cheaper surrounding areas.“Which we like to call the 'Brooklyn effect' since the important factors now are space and affordability,” she said.Space and affordability: two things New York City is not known for.“I’ll be honest, a lot of people are leaving,” said Lauren Feldesman, a real estate agent with Compass. “The number of lease break calls I get a week is astronomical.”Feldesman says she is seeing a huge surplus of downtown apartment rental inventory since coronavirus concerns swept the country.“It’s a tough situation,” she said. "People lost their jobs, they’re furloughed or they have their own businesses and their business is really shut down or has taken a huge hit.”While vacancy rates are going up in major metropolitan cities across the country, some downtown renters are seeing some financial relief.“People are now negotiating down 10, 15, even up to 20% of their rent because there is so many more vacancies now as than there was before,” Chen said.Without a vaccine, however, Chen predicts rental prices in downtown areas will continue this downward trend as the rental demand shifts from cities to the suburbs. 2757
Presidential physician Dr. Sean Conley released an update on President Donald Trump’s coronavirus prognosis on Thursday, stating that he has “remained stable and devoid of any indications to suggest progression of illness.”Trump was diagnosed with the coronavirus late Thursday night, just hours after traveling to New Jersey for a fundraiser. The following day, Trump was admitted to Walter Reed Medical Center as he was given an experimental antibody treatment, steroids, and other remedies to fight off the coronavirus.By Monday, Conley and Trump’s medical team signed off on releasing him to the White House.Conley said on Thursday he expects Trump to be able to resume public engagements on Saturday.“Since returning home, his physical exam remained stable and devoid of any indications to suggest progression of illness,” Conley wrote in a report. “Overall, he’s responded extremely well to treatment, without evidence on examination of adverse therapeutic effects. Saturday will be day 10 since Thursday’s diagnosis, and based on the trajectory of advanced diagnostics the team has been conducting, I fully anticipate the president’s safe return to public engagements at that time.”The CDC has a recommended minimum isolation period of 10 days for coronavirus patients, although the isolation period may take as long as 20 days depending on the severeness of the illness.While Trump has not left the White House complex since returning home on Monday, he left the residence portion of the facility on Wednesday and Thursday, working out of the Oval Office among a small group of advisers.The White House has been dealing with a cluster of coronavirus cases, now confirmed to be in the dozens, affecting aides, assistants, visitors and journalists in the White House. On Thursday, the White House Correspondents Association announced its fourth White House journalist has tested positive for the virus in the last week.Key aides, including Hope Hicks, Stephen Miller and press secretary Kayleigh McEnany, continue to recover from the virus.Trump’s medical team has come under fire for not releasing info on when exactly it was first known when Trump showed signs of infection. While it was believed that the president was being tested frequently for the coronavirus, the White House refuses to answer when Trump’s last negative coronavirus test was. 2363
Reality TV star Demitra “Mimi” Roche, who starred on the Oxygen reality show "Bad Girls Club," has died at the age of 34.In a statement shared on Twitter, Chairman and CEO of Valholla Entertainment Vince Valholla, who worked with Roche at Valholla Entertainment, announced the news."I’m at a loss for words," Valholla said. "Don’t know what to say. Mimi was kind to everyone she came across. She was a big dreamer & was a part of our Valholla family. I’m heartbroken by the news of her passing. I’m thankful I got to know & work w/ her. My thoughts are with her family & loved ones." 603
Protests broke out in St. Louis after former police officer Jason Stockley was acquitted Friday of first-degree murder in the 2011 shooting death of black driver Anthony Lamar Smith.At least 23 people were arrested and 10 law enforcement officers injured in protests Friday night.The city had been on edge for days. Shortly after the verdict, people gathered outside the courthouse to protest the controversial ruling. Some protesters locked arms and prayed together, but within hours others were smashing the windshield of a police vehicle and throwing water bottles, rocks and bricks at law enforcement. 613
Regardless of where you come down on the issue, the Oklahoma teacher walkouts have left working parents trying to come up with solutions for what to do with their kids now for almost two weeks.“It’s been very stressful,” said parent Lindsay Seal. “It is kind of hard to plan because you don’t know one day to the next.”Seal says she’s been getting updates from her son’s Jackson’s school in the form of a message on an app his teachers use. But the updates on whether school will remain closed for the next day don’t usually come until the night before.“We’ve had babysitters; we’ve hung out with grandparents,” Seal said, adding that it’s been tricky finding a place where her son Jackson can have fun and learn at the same time.Her solution for two days this week: the zoo.The Oklahoma City Zoo has traditionally operated day camps during summer months or on those certain school holidays when working parents don’t always have the day off. Deciding to run it during the walkout was a no-brainer for Amy Stephens, who is the zoo’s education supervisor.“We immediately knew there was a need,” Stephens said. “We had to pull the staffing together of course. But we have some wonderful people that worked our summer camp programs and out day camps throughout the year, and so they just jumped in.”Stephens says they have a different theme every day. On the day we stopped by, elementary students were learning about reptiles and getting to touch a blue-tongued skink, a type of lizard.“We are very education-driven, so we have a different theme every day,” Stephens said. “It might be meerkats or owls, or birds in general.”Signing up for a day at the zoo is for the day. But it’s far from the only education-focused option parents have.Science Museum Oklahoma has also been doing day-long camps for students at a similar price where kids can learn about the basics of chemistry, the solar system, even prehistoric fossils.For a cheaper option, parents can utilize the Boys and Girls Clubs of Oklahoma County for five dollars a day. Typically focused on after-school programming, the clubs have been open each day of the walkouts starting first thing in the morning.“We’re doing a lot of academic work knowing that when they get back to school they’re likely to have to do their state testing,” said Jane Sutter, CEO and president of Boys and Girls Clubs of Oklahoma County. “So we don’t want them to get rusty on those things.”Club staff have even been given lesson plans from some of the public schools.“Obviously it’s not a full day of school. They’re missing opportunity, and we’re sad about that,” Sutter said. “But we want to make this the best experience we possibly can for them.”Fourth and fifth graders at the clubs were playing U.S. geography trivia when we stopped in, while older students were learning about math through a web-based program called Prodigy.The city’s public schools system has also been sending out buses to various locations, including the Boys and Girls Clubs, and handing out sack lunches so the out of school kids that normally rely on the free school lunches won’t go hungry.Representatives at both the zoo and the Boys and Girls Clubs tell us they’ll continue their programs for as long as teachers remain out of the classrooms.The parents we spoke to admit that having to keep their kids occupied while they're at work is an inconvenience but told us that if it means a better education for their kids in the long run, it's a small sacrifice they're willing to make. 3519