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One year after the start of the coronavirus pandemic, the Chicago-area industrial market’s vacancy and rental rates have nearly returned to pre-pandemic levels, according to a new report from Newmark. Although the industrial sector took a hit in the first few weeks of the crisis, it began climbing back once the shock wore off and tenants saw increased demand from homebound consumers purchasing goods online. Many resumed signing leases, sending vacancy down to 6.2% in Q1 2021, a decade low, and recently have shown a willingness to pay more for space. Courtesy of Newmark “This sentiment of only a slight dip in the market as opposed to a full long-term stop is reflected in the rental rates on transactions completed during the pandemic,” according to the Newmark report. ....
New York’s Zeppola Italian Bakery Heads to the Venetian The creators of New York’s Numero 28 Neapolitan pizza chain are bringing the bakery to Las Vegas Share this story Zeppola Italian Bakery/Facebook A new bakery moving into the Grand Canal Shoppes imports an appropriately Italian-inspired sweet and savory menu to the Venetian’s casual dining scene. New York’s Zeppola Italian Bakery replaces an unnamed, empty bakery space, taking advantage of the original occupant’s construction overhaul. French bakery Paris Baguette on the resort’s replica of St. Marks Square at the Grand Canal Shoppes remains vacant since shuttering early last year, but Zeppola did not offer a precise location at the shopping mall. ....