Read: 11/2020, Source
- According to an IBISWorld U.S. Construction Industry Report, the construction industry worldwide is expected to decline 14.6 percent by year-end 2020 as a result of the COVID-19 pandemic.
- But needs related to improvements to health care facilities around the world, the redesign of hotels and airports, and large-scale projects, such as convention centers, will lead the way for billions of dollars of new construction.
- As tourism, travel, and the hospitality industry will take longer to recover (in some cases, through 2024, according to industry surveys), consumers will be seeking to populate local entertainment venues, such as public parks and waterways, located within a day’s travel of their homes.
Published by Credible CRE
Huber Bongolan has 9 years of experience in commercial and residential real estate finance. Mr. Bongolan has sourced $700+ million in debt and equity financing for land, construction, bridge, and permanent deals in all product types.
Huber received a double bachelors, Business Economics and International Studies, from UC Irvine where he graduated Cum Laude. He then earned a double masters, MBA and MRED, with Program Distinctions, from University of Southern California.
Mr. Bongolan is an Eagle Scout in the Boy Scouts of America, and holds leadership positions in both ULI (Urban Land Institute) and FIIRE (Filipinos in Institutional Real Estate). He enjoys competitive sports, mentoring youth, and teaching personal finance.
Huber also enjoys writing about Real Estate trending topics and education. His blog posts can be found on https://medium.com/@huber_60971
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