A check with multiple real estate managers, property owners and lenders showed that, for the most part, partners on all levels of lease deals have been working together to ensure that commercial tenants stay afloat and can return to spaces many have vacated since the deadly virus struck Omaha.
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Cindy covers housing and commercial real estate for The World-Herald. Follow her on Twitter @cgonzalez_owh. Phone: 402-444-1224.
“To go from having two of our best years in history to having volume down more than 95% — it’s staggering, almost unimaginable, in many ways,” said Kevin O’Malley, chairman and chief executive.
Omaha real estate agent Ralph Marasco grabbed people's attention with his heart and his humor. By the time he let go, he had usually won them over.
We posed questions to two experts, Chuck Sederstrom III of Finance 1, also an educator for the Nebraska Association of Mortgage Brokers; and mortgage banker Dennis W. Clark, executive vice president of Logan Finance Corp.
Some agents said the Omaha area might be seeing better activity than some other cities because of fewer restrictions local officials have placed on business operations.
Omaha Mayor Jean Stothert and a spokesman for Nebraska Gov. Pete Ricketts said that, by and large, Nebraskans are heeding calls to limit public gatherings.
In addition to providing a home for the 65-foot-long automated fill machine, the plant rising south of 117th and Harrison Streets contains needed administrative office and warehouse space. It will expand Streck’s footprint by about 40%.
Local developers and construction leaders say that, so far, it's business as usual at building and redevelopment sites that already are underway.
Phil Rooney, spokesman for the Health Department, said he could not provide personal detail but said the person would be among the positive cases already announced by health officials.
A relief fund has been set up to help those who worked in the service industry along the commercial corridor that, before the coronavirus outbreak, was bursting with business.