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Jeff Wittenberg, Kaye/Bassman Managing Director, Featured in BisNow

Jeff Wittenberg, Kaye/Bassman Managing Director, Featured in BisNow

FOR IMMEDIATE RELEASE:

Jeff Wittenberg, Kaye/Bassman Managing Director, Featured in BisNow, ‘It’s Physical, How Depressing It Is’: Life As A Furloughed CRE Employee

By: Alexandra Marvar

Plano, TX | 07/09/2020

“It took two months to get unemployment,” said Denise Blackstone, a Texas-based lease administrator for a healthcare company that owns upward of 600 physical therapy clinics around the U.S. “My application was denied in the beginning, I don’t know why. Maybe because I just moved to Houston, but I’ve been working in the state of Texas for decades as a real estate lease analyst. I’ve had the same job title for over 25 years.”  Blackstone had never in her career been furloughed before. Now her story is one that is being repeated across America. According to the U.S. Labor Department’s latest jobs report, as of May, more than 15 million Americans were on furlough. What CRE Has Learned About Furloughs

“In my 22 years in the search business, this is the first time that I’ve ever experienced a furlough situation,” Kaye/Bassman Managing Director Jeff Wittenberg said. “Where it’s been commonplace in other industries, we just haven’t seen it in CRE or construction.”

Read more: https://www.bisnow.com/national/news/top-talent/coronavirus-cre-furloughs-105070 (login required)

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