
Weekly CRE Update, June 9th
The economy is still reopening from the pandemic. Constrained consumer demand has already put pressure on prices.


The economy is still reopening from the pandemic. Constrained consumer demand has already put pressure on prices.

Owners of historic properties may contribute façade easements for tax credits. The façade easement preserves an historical structure by restricting changes to the structure (structure will

“This seems to be a case of the first impression in South Florida that will likely be relied upon by other jurists as litigation regarding

As we re-emerge from the Covid 19 pandemic, property owners and tenant cannot simply move forward without serious consideration of how society and the local

According a article from Marcus & Millichap consumers are spending more due to the recent stimulus checks and distribution of vaccine. In March, retail sales signaled an economic turnaround.

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.