According to a recent article, the price of lumber per thousand board feet is at an all-time high, being up 193% from a year ago to $1,048.00 (vs $358.00 a year ago).

The Opportunity Zone program provides tax incentives for investors who choose to invest in a Qualified Opportunity Zones (QOZ). In order for an area to qualify as a QOZ it has to be in a ecnomically disressed area where tax incentives may be granted to motiviate investors.

Recently Amazon has been buying up neglected mall space, and turning them into industrial warehouses for their distribution centers. Read the article below for more information regarding how malls are on the decline and how the space can be used for warehouses/distribution centers.

The Industrial Sector of commercial real estate is currently a growing business. Sustainability is an ongoing problem in industrial areas. Neighbors of these areas are asking for industrial businesses to meet certain qualifications.

What will the year 2021 bring? Read the article below from the CCIM institute on how members of the Commercial Real Estate world need to adapt to the new year.

Are the unprecedented times of COVID-19 over or have they just begun? The new round of stimulus money will provide stability for most of 2021.

Click on the link below to listen to Beth Burnham Mace, the chief economist at NIC, explore how COVID-19 has affected senior housing. The podcast further discusses how investors of senior housing can receive financing, and the status-quo on the operations of senior housing post-pandemic.

Market Week in Review analysts discuss how the U.S. treasury yield is at an all time high this year. The rise of interest rates may be due to the lower number of COVID-19 infection rates, and the anticipation of a large stimulus package taking place.

The largest mall owner in the country, the Simon Property Group, is predicting 2021 will be a better year for real estate than 2020. The tenants are able to pay their rent on time, and retailers are wanting to expand their businesses as well.

In the midst of the pandemic, property owners were taxed as if COVID-19 was not impacted commercial real estate. The government continued to tax commercial properties for all of 2020 on values that ignored the severe economic consequences.