Acceleration of online shopping during the COVID-19 lockdown has made e-commerce retailers more risk-averse. Now, they are increasing stock at facilities near customers to ensure timely shipping in case customers order more than anticipated.
U.S. homebuilders’ outlook improved in July and is back at pre-pandemic levels as the housing market continued to lure buyers looking for more space and attracted by record-low interest rates.
Occupancy in senior housing has hit a 15-year low with families bringing loved ones home, and some centers either limiting new residents or being unable to attract them given the threat to older Americans from the Covid-19 pandemic.
Insurance companies want to increase their investments in warehouse properties as office assets have become riskier, reports Reuters. CBL & Associates got an extension to reach a deal on repayment of some of its debt, according to Chattanooga Time Free Press. These are among today’s must reads from around the commercial real estate industry.