The effect of the COVID crisis has had varying effects on the real estate industry. Some surprising. This would be one of them! Turner Construction Co. cost index shows that construction costs for Q2 2020 actually declined! One would’ve thought the opposite (with costs of materials increasing and PPE/social distancing/sanitation precautions) but it appears competition […]
Thought
This article is from Connect Media and has been republished with permission from Connect Media. View the article here. June 5, 2020 Confidence in experiencing favorable market conditions six months from now is up slightly in SIOR’s second monthly survey of members, rising from 6.04 for the April survey to 6.22 in May. However, the […]
More US manufacturers than ever are considering reshoring. Unreliable supply chains, as evidenced by the recent crisis, is the latest reason but that is only one of the many reasons. Companies have been reshoring for years but look for that trend to accelerate. According to this recent article by Thomas.net, more than two thirds of […]
We are all now in the phase of re-emerging from isolation and, with it, understanding the “new norm”. Sentry Commercial is here to help you. This was just released by CoreNet Global. It is a survey of corporate real estate professionals at large global corporations. This is a great reference (early in the game) for […]
This article is from the SIOR Thought Leadership Series and has been republished with permission from SIOR. As COVID-19 Forces Business Closures, SIOR Tenant Advisory Steps Up As the coronavirus continues to wreak havoc on the world’s population and the global economy, the commercial real estate industry faces its most daunting challenges since the […]
Good news! The US Treasury and the IRS have extended the timelines for 1031 Exchanges and Opportunity Zones! See below: 1031 Like-kind exchanges. Specifically, if an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July […]