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Seven Must Reads for the CRE Industry Today (Feb. 20, 2021) The New York Times examines just how extensive Amazon’s influence on the labor market has become across many types of jobs. Dropbox took a $400 million charge in relation to shedding some of its real estate as it has adopted a permanent shift to a work-from-home model, reports CNBC. These are among today’s must reads from around the commercial real estate industry.
Amazon’s Great Labor Awakening “A shakeout is already underway. “In the Inland Empire, more than 40,000 people now work for Amazon warehouses as pickers, packers, sorters, unloaders and managers, as well as independent drivers, contract truckers, pilots and aircraft technicians. The company is so enmeshed in the community that it can simultaneously be a TV channel, grocery store, home security system, boss, personal data collector, high school career track, internet cloud provider and personal assistant.” (
New-yorkUnited-statesSan-franciscoCaliforniaJimmy-whiteNew-york-timesStory-ventures-chattanooga-times-freeNasdaqGreat-labor-awakeningInland-empireCommercial-property-executiveBig-inflowEight 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.” (
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