“I cut my teeth in the industrial real estate markets right here in Southern California during in the 1980s, and so being here today feels like being home,” opened Walt Rakowich, former CEO of Prologis, at NAIOP’s I.CON West 2021 conference, held this week in Long […]
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The COVID-19 pandemic brought dramatic changes to the way people worked and lived. Many Americans have increased their online shopping since life and business as usual shut down last spring. Increasing volume of consumer purchases during the pandemic strained a supply chain that was already bustling […]
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The federal government has provided additional support for state and local governments in response to the COVID-19 pandemic. President Joe Biden signed the American Rescue Plan Act (ARP) into law on March 11, which established the Coronavirus State and Local Fiscal Recovery Funds. The new federal […]
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Review the financial statements of nearly any location-based business and you’ll see a similarity. In most cases, the company’s most significant investment will be its real estate. Whether that business leases a small office or owns a 500,000-square-foot warehouse, its land, buildings and improvements will account for […]
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The COVID-19 pandemic has forced us all to re-evaluate the ways we conduct business, including remote work opportunities, surface sanitization, social distancing, human resources policies and indoor air quality. For those in the commercial leasing business, the concept of force majeure and how it applies to […]
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Increasing tension with the progressive wing of his own party is causing headaches for President Joe Biden and his staff, complicating efforts to get portions of his domestic agenda through Congress. Of late, dissatisfaction with the Senate’s bipartisan infrastructure legislation among many Democrats in the House […]
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As vaccinations become increasingly common and available across the U.S., more companies are starting to return to the workplace. However, after a year or more of working at home, many employees have found that their priorities have begun to shift in terms of what they expect […]
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Real estate investment trust (REIT) merger and acquisition activity has emerged from the pandemic in full force with some $75 billion in investment nationally from January through mid-July 2021. This robust activity is expected to continue throughout what could potentially be a record-breaking year. While all […]
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Rising consumer spending, greater mobility and improved vaccination rates are contributing significantly to bringing back commercial activity to markets that have been impacted by challenges associated with social distancing, limited travel and density. While long-term space planning remains somewhat fluid, flexibility on concessions rather than on […]
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The COVID-19 pandemic, and the waves of lockdowns and business interruptions it prompted, affected global supply chains in virtually every industry — and construction is no exception. Due to widespread shortages of building materials, and pent-up demand from projects that were delayed or postponed during the […]
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