“I’ve been participating in Zoom happy hours, Zoom cheese and wine, and it’s a pathetic replacement,” says Bill Daley, vice chairman of public affairs at Wells Fargo.
The freefall is over, but it might take a few years for urban apartments to fully return to their pre-pandemic form.
The real estate brokerage targeted to raise as much as $936 million, which has now been cut to $475 million.
The few merchants looking to sign new leases on one of the world’s most fashionable retail streets are demanding deep discounts.
The average sale price of an apartment in the city was 1.2 percent above its October low, as vaccine rollout continued.
A strong run throughout the pandemic and stable fundamentals continue to make the sector a popular draw for many types of real estate investors.
Hanging over the election was the fear that joining the RWDSU would prompt Amazon to shutter the facility.
