Eight Must Reads for the CRE Industry Today (Feb. 17, 2021) Many retailers and restaurants have been opening locations in South Florida as they close them in the Northeast, reports CNBC. Foreign investors are increasingly interested in warehouse acquisitions, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Land Rush Is On in Four States That Approved Recreational Marijuana Last Year“Voters in four states last year approved the recreational use of marijuana. That is likely to launch a land rush there for warehouses and retail properties. Similar measures in other states have sparked heated competition for these types of real estate. Owners have been able to charge as much as three times market rates when selling or renting to businesses involved in the cultivation, distribution, processing or sale of cannabis, according to brokers, landlords and cannabis industry executives.” (