REAL ESTATE NEWSLETTERS

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2nd Quarter 2020 - Printable Version

LABOR, LAND COSTS TO IMPACT SENIOR HOUSING DEVELOPMENT
According to a recent CBRE report, total costs increased by 6.4% in 2019, with labor and land expenditures cited
as key factors.

By Gail Kalinoski
Labor and land costs are the primary drivers of a 6.4 percent increase in senior housing development costs for 2019 and a new CBRE report expects those costs to rise this year as well.
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RETAIL SALES IN RECORD DROP IN APRIL, WITH CLOTHING TAKING THE BIGGEST HIT
by Marianne Wilson, Editor-in-Chief, Chain Store Age
Consumer spending took a nose dive in April as the COVID-19 pandemic drove record unemployment and caused many states to continue stay-at-home orders. Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full
month when most businesses were closed because of the pandemic.
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STARBUCKS SEEKS RENT RELIEF FOR NEXT 12 MONTHS
by Marianne Wilson
Starbucks is asking its landlords for a break on rent as COVID-19 takes a toll on sales. In a letter to landlords that the coffee giant sent earlier the month, the company asked them to “adapt to new realities” - including an anticipated $225 billion hit to the American restaurant industry during the next three months, reported The Seattle Times.
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