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coronavirus vaccine shot KENA BETANCUR/AFP/Getty Images

Eight Must Reads for the CRE Industry Today (Feb. 12, 2021)

National Law Review looks at what real estate professionals need to consider about COVID-19 vaccination. ESG funds delivered attractive returns in 2020, reports CNBC. These are among today’s must reads from around the commercial real estate industry.

  1. CVS and Walmart Decide Who Gets Leftover COVID-19 Vaccine Doses “As pharmacies and groceries across the U.S. prepare to dispense Covid-19 vaccines to the public, their customers and workers are wondering what happens to extra doses left unused at day’s end—and who might get access to one. The companies say they are determined that no doses will go to waste, and are compiling wait lists and putting their own workers on standby in case extra shots become available.” (Wall Street Journal)
  2. COVID-19 Vaccination Considerations for the Real Estate Industry “The real estate industry faces unique challenges in designing workplace vaccination programs based on the various types of workplaces and the nature of job positions. Whether commercial or residential property management companies, or sales and leasing brokerages, all real estate employers will all be affected. This article offers some key considerations and practicalities.” (National Law Review)
  3. Unibail-Rodamco-Westfield Targets 2022 to Sell U.S. Malls “Unibail-Rodamco-Westfield expects to begin selling its major U.S. properties from 2022, once investment appetite returns, the mall operator said Wednesday.” (WWD)
  4. Biden Administration Talks Infrastructure, But Not a Price Tag “Biden campaigned on a $2 trillion package that married infrastructure investments with sweeping climate change goals and other items such as broadband deployment. But now that policymakers are beginning talks on how to turn that into reality, they are confronted with the same set of obstacles that have dogged prior attempts, chief among them how to pay for everything they want to do.” (Politico)
  5. COVID Vaccines as an Amenity “Apartments at Atria West 86, a senior living community on the Upper West Side in Manhattan, start at $6,100 a month, with amenities that include a rooftop terrace, an in-house salon, town car service, and chef prepared meals. In a promotional email last month, the development added another feature: sign a lease within the next 10 days and get the Covid-19 vaccine in February.” (The New York Times)
  6. Another Remote Work Year Looms as Office Reopening Plans Are Delayed “The hardest question to answer for American corporations: When should offices reopen? From Silicon Valley to Tennessee to Pennsylvania, high hopes that a rapid vaccine rollout in early 2021 would send millions of workers back into offices by spring have been scuttled. Many companies are pushing workplace return dates to September—and beyond—or refusing to commit to specific dates, telling employees it will be a wait-and-see remote-work year.” (Wall Street Journal)
  7. Money Invested in Sustainable Funds More Than Doubles in a Year “Investors poured record amounts of money last year into funds that aim to help the environment and promote social good, more than doubling the prior’s year’s take. Funds that use so-called ESG principles may, for example, invest in energy firms that aren’t reliant on fossil fuels or in companies that promote racial and gender diversity.” (CNBC)
  8. Cheap Old Homes Draw Millennials Escaping Pandemic Cages “American millennials with budget constraints are breaking out of their pandemic coops to find affordable dream homes in far-flung places. For funeral home director Kate Reinhart, from Utah, that dream is an octagonal Victorian that recalls the macabre Addams Family mansion seen in cartoons, films and a TV series. It helped that her scientist husband Cameron found his first job near Norwich, Connecticut, a town with one of the largest concentrations of 18th- and early 19th-century houses in New England.” (Reuters)
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