With 45 percent of Philadelphia adults now fully vaccinated, many are starting to dip their toes back into the kinds of socializing that used to […]
The post 3 Health-Care Experts With Unvaccinated Kids Explain the COVID Precautions They’re Still Taking appeared first on Philadelphia Magazine.
New Jersey will relax several of its COVID-19 workplace restrictions, which were implemented at the height of the pandemic, in an effort to clear the way for more employees to return to their workspaces in the near future. The updated guidelines will take effect June 4, the same date as when the state’s indoor gathering limits will expire.
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FDIC Chairman Jelena McWilliams said positive first-quarter results for the U.S. banking industry reflect optimism about the pace of the economic recovery.
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Commercial Real Estate Lending Activity Back to Pre-COVID Levels, Banker Says
Sarah Borchers…
May. 26 2021
Noel Purcell, managing director and head of real estate at Mizuho Americas, participated in a video interview in conjunction with Nareit’s REITweek: 2021 Investor Conference.
Purcell discussed the changes in lending activity across commercial real estate in recent months, and where those trends are heading.
“At this stage of the game we think liquidity is back to where it was pre-COVID, and most of the underwriting criteria is back to where it was on a pre-COVID level…overall you’re going to see a consistency of pricing, a consistency of structure,” Purcell said.
Purcell also said he does not expect to see any significant tightening of underwriting standards, with the exception of “tightening around the edges” that you would normally see in a recovery market.
Turning to M&A activity in the REIT sector, Purcell said he does expect the active pace seen so far in 2021 to continue, with consolidation looking likely within the health care sector.
One way to tell that restaurants are coming back: restaurant drama is breaking out online. Take the debate raging in Philadelphia over the new policies […]
The post Why I Don’t Have a Problem With Steak 48’s $100 Minimum Dining Fee appeared first on Philadelphia Magazine.
Pennsylvania will require the hundreds of thousands of residents receiving unemployment benefits in the state to resume their job-search requirement, which was temporarily frozen during the pandemic.
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The agency said the grant will help underserved businesses and those in low-income areas to get the assistance they need.
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Two residential towers have been proposed in the southern part of Philadelphia’s Northern Liberties neighborhood. The first is a 14-story building with 355 units at 200 Spring Garden St., while the second is a 23-story building several blocks south at 2nd and Willow Streets. The project is led by National Real Estate Development and Kushner Real Estate Group.
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The law goes into effect on Jan. 1, 2022.
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KeVen Parker’s Soul Food Café at Reading Terminal Market, which had been temporarily shut down since the late restaurateur passed away in January, has permanently closed, according to the Philadelphia Tribune. A new “soul food concept” is expected to take over the eatery’s booth located near the market’s 12th Street entrance.
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