- How SEC’s Climate Rule Would Impact REITs “The federal government is codifying for REITs and other public companies what’s increasingly becoming conventional wisdom: Investors care about climate change and climate-related risk.” (Commercial Property Executive)
- The yield curve is speeding toward inversion — here’s what investors need to know “Investors pay close attention to the Treasury yield curve, or slope of market-based yields across maturities, because of its predictive strength. An inversion of the 2s/10s has signaled every recession for the past half-century.” (Marketwatch)
- NYC Office Deliveries Are Making a Hard Situation Worse “As new office supply comes online, office users are shedding space. More than one-third of office users expect to reduce leased square footage in the next five years, putting more pressure on the market amid new supply deliveries. This dynamic has kept most investment capital on the sidelines.” (GlobeSt.com)
- BuildStrong Academy Plans National Expansion to Train More Construction Workers “The schools will all use the same curriculum developed by the Home Builders Institute, a nonprofit that trains veterans, at-risk youth and others to work in construction. BuildStrong Academy and HBI are working with Franchise for Good, the nonprofit arm of franchising company Franworth, to expand the schools to new locations.” (The Wall Street Journal)
- Online Brands Try a Traditional Marketing Strategy: Physical Stores “Business owners are motivated by multiple factors. Some have always included brick-and-mortar outposts as part of their strategy, adopting what’s known as an omnichannel approach, which provides a seamless shopping experience across desktop, mobile and physical platforms.” (The New York Times)
- With City Council Vote, LA's Outdoor Dining Program Takes Big Step Toward Permanence “The city is working to balance the Al Fresco program with concerns about compliance with the Americans With Disabilities Act and the demand for parking. In some instances, outdoor dining uses a parking space or spaces, removing those spots from use for drivers.” (Bisnow)
- Pandemic relief money spent on hotel, ballpark, ski slopes “The expenditures amount to a fraction of the $350 billion made available through last year’s American Rescue Plan to help state and local governments weather the crisis. But they are examples of uses of the aid that are inconsistent with the rationale that Democrats offered for the record $1.9 trillion bill: The cash was desperately needed to save jobs, help those in distress, open schools and increase vaccinations.” (The Associated Press)
- Biden administration to fight racial bias in U.S. real estate appraisals “Senior administration officials said they are working to bolster appraisal standards, increase the diversity of the workforce tasked with creating those estimates and make it easier to report discrimination that violates federal law.” (Reuters)
- Macy’s to open more off-price concept locations “Beginning April 9 and rolling out through June 2022, the department store retailer will open 37 new Macy’s store-within-store Backstage locations nationwide. Macy’s Backstage store-within-stores range from 11,000 to 16,000 square feet of retail space, delivering a constantly changing assortment of trending products.” (Chain Store Age)
- Why Global Supply Chains May Never Be the Same “This Wall Street Journal documentary follows the months long, 14,000-mile journey of a typical consumer good from factory to front door to reveal the vulnerabilities of the global supply chain.” (The Wall Street Journal)
- REIT Conversions Are Back In Fashion As Property Becomes A Wartime Favourite “The decision shows the different dynamics operating in property subsectors that showed very different degrees of resilience during the pandemic. Whilst neither flopped, co-living is enduring a slower renaissance than the flex workspace world.” (Bisnow)
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