The CBD market is expected to see a continued growth boom. According to a 2018 report by cannabis market research firm Brightfield Group, the market for hemp-derived CBD could hit $22 billion by 2022. Indianapolis-based Simon, the biggest mall operator in the U.S., has inked a deal to open 108 kiosk locations that will sell beauty and personal care products infused with cannabidiol, or CBD, a chemical produced by the cannabis plant.
As investors consider their allocations plans for this year, commercial real estate’s stability of income stream is their top reason for investing in the property type, according to the Americas Investor Intentions Survey 2019 put together by real estate services firm CBRE. Stability of income stream came out on top among the reasons its survey participants listed for continuing to invest in real estate (with 32 percent of respondents picking it,) followed by expectation of better capital value growth compared to other assets and higher yield compared to other assets.
Dollar Tree will close hundreds of Family Dollar stores, reports CNBC. A San Francisco program for affordable housing seems to be working, according to the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry.
