Neither ongoing international trade disputes, nor the warning signs of a potential recession, nor the uncertainty that’s emanating from a particularly fraught U.S. presidential election year were enough to dim the enthusiasm for the industrial real estate sector, according to the findings in NREI’s sixth annual study. However, the research was conducted before the current coronavirus outbreak had become an international issue.
The 2020 NIC Spring Conference concluded with discussions on how macroeconomic factors, monetary policy, capital market conditions and demographic trends are affecting the seniors housing sector.
Officials in King County, Washington, the epicenter of the outbreak in the U.S., said this week they would use emergency powers to buy and renovate an Econo Lodge south of Seattle to house virus patients.
The Trump administration is considering a targeted stimulus that would help the airline, cruise and travel industries to offset the economic effects of the coronavirus outbreak, reported USA Today. Blackstone is planning to double its investments in commercial real estate in India, according to The Economic Times. These are among today’s must reads from around the commercial real estate industry.
