- Senior living and care REITs revived by early vaccinations: analysis “Analysis authors pointed to improving fundamentals at Welltower, Healthpeak Properties and Ventas, noting that Welltower earlier this month reported that cases have plunged 99% since the peak and almost all communities are again accepting new residents. All three REITs, however, recently have begun shifting their portfolios away from senior housing and toward the medical office and lab space sectors.” (McKnight’s Senior Living)
- California Won’t Budge On OZ Conformity But Gets Bulk Of Investments “The nonconformity means that although opportunity zone investors receive capital gains tax incentives at the federal level, they still have to pay those taxes in California, where the rates are higher than in other states.” (Bisnow)
- Investors Jump Into Proptech Designed To Make Buildings Greener “Clockworks Analytics makes building software that, among other benefits, helps building owners optimize energy performance and improve indoor air quality. It’s little surprise, then, that for Clockworks, like for many other product makers in the environmental proptech space, business is booming.” (Commercial Observer)
- Amazon now encircles the Philadelphia region with over 50 warehouses “By square footage, none of Amazon’s facilities in the Philadelphia area can match Lincoln Financial Field. But the company has infrastructure under construction in the region that comes close to the stadium’s size, like a forthcoming mega-warehouse in New Castle, Del., or the new fulfillment center in Carneys Point, New Jersey, down the river from the West Deptford facility.” (The Philadelphia Inquirer)
- NFL player LeSean McCoy wants to build a real estate empire using opportunity zones “The McCoy brothers use opportunity zones to develop some properties. The areas were created as part of the federal Tax Cuts and Jobs Act of 2017 and provide developers capital gains tax incentives. They’re designed to direct investment to under-developed sections of cities and help increase neighborhood values without triggering a rise in rent that would drive residents out of the rebuilt communities.” (CNBC)
- What Will Happen to All the Empty Office Buildings and Hotels? “So far, most of the attention has been trained on Manhattan, home to the city’s largest business and tourism districts, and where the pandemic has dealt the harshest blows. But hotels in Brooklyn, where prices for buildings are generally lower, are also getting a look.” (The New York Times)
- Target tests new process for faster order delivery “The discount giant is testing a facility in its home city of Minneapolis that relieves stores of the responsibility for sorting local digital orders. Target uses a store-to-hub digital fulfillment model that has store associates in the back room continually processing digital orders.” (Chain Store Age)
0 comments
Hide comments
