Supercenter retailer Meijer and regional grocer Wegmans Food Markets are mobilizing COVID-19 vaccination programs as they receive state allocations of the vaccine. Grand Rapids, Mich.-based Meijer said yesterday that Michigan has chosen the company as its an initial pharmacy partner to receive and administer coronavirus immunizations via the Federal Retail Pharmacy Partnership Program. Plans […]
Publix Super Markets is collaborating with the Florida Department of Health and Florida Division of Emergency Management to administer about 15,000 doses of the Moderna COVID-19 vaccine. Lakeland, Fla.-based Publix, which announced the distribution in a press event yesterday with Florida Gov. Ron DeSantis (click to see video), said the coronavirus vaccination will be […]
Environmental, Social and Governance (ESG) investing has become more popular over the past decade as businesses that consider the impact of their policies on all stakeholders are positively rewarded in society. In ESG investing, also known as sustainable investing, investors analyze and assess how companies compare to others in terms of performance, while also considering […]
(Bloomberg) –Hudson Yards developer Related Cos. is adding to its South Florida property portfolio with the acquisition of an office tower that counts outposts of Morgan Stanley and other finance companies as tenants. An affiliate of Related has agreed to pay $282 million to buy the Phillips Point building in West Palm Beach, according to […]
(Bloomberg)—Cold-storage specialist Lineage Logistics is branching into rail. The warehouse owner acquired Cryo-Trans, an owner of refrigerated and insulated railcars, to capture an additional leg of the food and beverage supply chain. The transaction values Reisterstown, Maryland-based Cryo-Trans at more than $500 million. “A move into rail is part of our effort to be a […]
Life sciences real estate continues to get a boost from the COVID-19 pandemic, as record funding and expedited FDA vaccine approvals accelerate research activity. This, in turn, has created record demand for lab space from both end-users and global investors, according to Philadelphia-based Ian Anderson, senior director Americas head of Americas office research with real […]
Washington – The pandemic has buoyed the custom residential design sector while impacting homeowner design preferences, according to a fourth quarter Home Design Trends Survey from the American Institute of Architects (AIA). The latest survey results—focusing on community and neighbourhood design—showed a decline in homeowner demand for infill and higher-density development, reversing a multi-year […]
Smaller metropolitan markets in the middle of the U.S. are seeing the strongest rise in home prices, reports CNBC. Nordstrom looks like one of the department store chains that will survive the pandemic, according to MarketWatch. These are among today’s must reads from around the commercial real estate industry. WMRE Staff | Jan 04, 2021
An Applebee’s franchise operator is retrofitting a location in Texarkana, Texas, with a drive-thru pickup window that the franchisor hopes will provide insights for future store design and takeout procedures. “We look forward to assessing the performance of this installation, understanding feedback from our guests and operators, as well as any impact to business […]
The story of 2020 was COVID-19. The worst pandemic in a century disrupted every aspect of our lives for much of the year and we will continue to feel its effects for years to come, even after the immediate danger of the virus has passed. In commercial real estate, the virus accelerated trends that were […]