“We know firsthand from deals we’ve been working on that buyers have pulled back and lenders are more conservative,” says one broker. Nevertheless, the medical office sector is still considered a favored asset class among investors.
While property damage from the storm is already second only to Katrina, the impact to business operations and cargo movement may double or triple total losses. However, logistics providers are getting better at minimizing the scale of disruption.
Boise, Idaho-based Albertsons has been studying options to boost growth, having seen sales gains during the Covid-19 pandemic cool at the same time as labor and logistics expenses have been rising.
Although the final strategy is still being drawn up, investments in equities, fixed income and physical assets -- such as real estate -- are all being considered, the people said, asking not to be identified because the plans are private.
The Wall Street Journal looks at how rising interest rates are impacting real estate firms’ investment calculations. Donald Trump is forming a new company called Trump Organization II, according to The New York Times. These are among today’s stories from around the commercial real estate industry.
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