While rising inflation and weaker consumer spending are having an impact on industrial property fundamentals, the comparisons are to record highs in occupancy and rent growth.
Braemar Hotels & Resorts Inc. is acquiring the Four Seasons Resort Scottsdale at Troon North, according to a statement Tuesday. The company will purchase the property using nearly $268 million of cash on hand. Host Hotels & Resorts Inc., meanwhile, is in exclusive talks to acquire the Four Seasons resort in Jackson Hole.
One Shein distribution center, located in Whitestown, Indiana, is already operational and could reduce shipping times by up to four days. It currently has 800 employees, with plans to have 1,000 by the end of this year. A second facility is expected to open in Southern California by the spring of 2023.
Multiple publications look at the impact of rising interest rates on various aspects of the commercial real estate business, including debt availability and office valuations. Apartment evictions are back on a grand scale as federal emergency measures have run out, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.
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