Key Take-Aways
• Business activity, deals, listings have been picking up over the past few weeks for many businesses.
• New guidelines have been issued regarding the Paycheck Protection Plan forgiveness which is creating work on processing changes.
• On the construction side, things are slower: it’s still difficult to get permits; hard to get loans; subcontractors and general contractors are seeing a slow down. Pricing has not come down, though.
• Hospitality industry is at a standstill.
• Land pricing has not changed, but sites are still very hard to find across the state.
• Industrial is doing well with a lot of activity.
• Banking is going strong; but deals are being looked at more carefully, particularly the asset class. Banks are pricing based on risk. Every project is different, every company is different, so you have to look at the total picture and determine the risk and price from there.