Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Society of Industrial and Office Realtors (SIOR)’s latest Q3 2021 broker survey reveals that on-time transactions are at their highest level since the start of the pandemic, while cancelled and on-hold deals are at their lowest level.
Currently,140 of the brand’s brokerage professionals have earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, including three recent inductees: Michael Salik, Virginia “Ginny” Squire, and Rob Thomas.
Daniel Spiegel was joined by Founding Partner of Mr. Cannabis Law, Dustin Robinson Esq. CPA, and Coldwell Banker Commercial NRT’s Rick Locchead to share insights, intel, and best practices when approaching a deal in the cannabis space. Jackie Bryant, San Diego based cannabis journalist, moderated the conversation.
While the Western states mature from the early green rush, cannabis legalization is surging on the Eastern part of the country as states look for economic recovery in the wake of the pandemic. While local laws vary, medical marijuana is legal in 36 states and recreationally allowed in 17 states.
While the pandemic accelerated trends in retail, it upended the strong momentum in the office and hospitality sectors and urban markets. These trends will likely continue in 2021 and reshape what buyers, owners, tenants, and residents may ultimately want to occupy.
With the exponential increase in e-commerce demand over the past year due to the COVID-19 pandemic, this sector is having an amazing year. And the disruptions in supply chains have underscored the need for additional industrial real estate across the U.S.
Those collective insights are shared in this second of a three-part series that highlights which asset classes performed well, which ones struggled, and what adjustments commercial real estate investors, owners, and managers are making to navigate the challenges.
Amazon, Inc. has recently been in talks with the largest mall owner in the United States to take over space left by ailing or vacant department stores. Simon Property Group has been working with Amazon to explore the opportunity of turning some of their vacant anchor department stores into distribution hubs.
The Tax Cuts and Jobs Act, TCJA, is heralded for its unique ability to funnel billions of dollars into these struggling low-income communities. However, some question whether this program will add or detract value to the community in the long run.
As many states begin setting schedules for lifting their COVID-19-related shelter-in-place orders, businesses across the United States are starting to think about what that means for the company. Make no mistake: experts predict the world will never be the same again after this pandemic.