Commercial real estate professionals always seek to determine where markets stand now and what to expect for the future. That future is particularly uncertain today as we see the continued impacts of the COVID-19 pandemic. JLL Chief Economist Ryan Severino shared his economic analysis in a keynote address at NAIOP’s I.CON West this week in […]
Growth in e-commerce has increased the importance of last- and middle-mile logistics as companies seek to keep up with consumer demand. Bob Andrews, senior vice president and regional manager with CenterPoint Properties, and Patrick Schlehuber, executive vice president, investments for Rexford Industrial Realty, Inc., shared their first-hand insight and experience with this unique piece of […]
The logistics market is red-hot, but external forces are trying to cool it. A panel at I.CON West this week in Long Beach, California, addressed technical, regulatory and political challenges facing industrial real estate in Southern California, and shared recommendations for all developers working with decision-makers in their communities. As of July 1, 2020, all […]
A panel of experts took on the biggest challenges in industrial real estate in the closing panel of the first day of I.CON West 2021, held this week in Long Beach, California. From supply chain stressors to volatile pricing to labor shortages and building design, the issues seem bigger than ever for commercial real estate’s […]
“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 Beach, California. “Ten years ago, I spoke at this […]
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 with the exponential growth of e-commerce. The Port of […]
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 funds provide $350 billion to support state, local, territorial, […]
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 some of the largest numbers in its operating budgets. […]
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 the pandemic is also being evaluated. Current litigation related […]
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 of Representatives, coupled with a failed effort to extend […]
