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Seven Must Reads for the CRE Industry Today (March 15, 2021) The post pandemic recovery for restaurants is beginning, reports The Philadelphia Inquirer. The latest data from the NMHC shows that 75 percent of multifamily construction firms are reporting delays, according to GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.
Restaurant owners are cutting deals and feeling optimistic about a pandemic recovery “A key indicator of the industry’s health can be found in liquor licenses, whose prices in Pennsylvania are based on supply and demand. In February 2020, a high point in the open market, a restaurant license in Philadelphia County would sell for about $185,000. Right now, several are available at $135,000 to $145,000, said Edward Taraskus, a Philadelphia lawyer who specializes in liquor law. Prices in the Pennsylvania suburbs fell, but only modestly, he said.” (
New-yorkUnited-statesPennsylvaniaVirginiaPhiladelphia-countyWashingtonPhiladelphiaAmericanEdward-taraskusBloombergNew-york-timesPhiladelphia-inquirerSeven Must Reads for the CRE Industry Today (March 13, 2021) Commercial Observer breaks down what provisions in the American Rescue Plan will benefit the real estate sector. CNBC and The Wall Street Journal have a pair of articles analyzing how some of the ways retail adapted to COVID-19 will endure after the pandemic. These are among today’s must reads from around the commercial real estate industry.
Biden’s Stimulus Package: What’s In It for Real Estate? “Known as the American Rescue Plan Act, the bill includes a variety of measures to provide relief to households, businesses, public institutions, and local governments. The package includes stimulus checks, increased unemployment benefits, expanded tax credits, funds for schools and hospitals, grants for small businesses and infrastructure projects, and direct aid to state and local governments, including $23.5 billion for New York.” (
New-yorkUnited-statesAmericanHealthcare-properties-declares-annualBlackstone-tactical-opportunities-fundOxford-propertiesCohen-steers-incNasdaqDepartment-of-laborStimulus-packageAmerican-rescue-plan-act