According to the International Council of Shopping Centers (ICSC), a strip center is an “[a]ttached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may … Continue reading →
Reuters reports that Chinese electric auto maker BYD is evaluating locations in Mexico for a production facility. The report cites Americas head Stella Li as stating that the plant will be built in central Mexico and will take two to … Continue reading →
Perónism has ruled Argentina for over half the time since Juan Perón’s first presidency in the 1940s. To this day, Perónists are politically powerful, particularly in the trade unions and political classes. The Justicialist Party (“PJ”) has been the largest … Continue reading →
Google/Oxford Languages defines nearshoring the “practice of transferring a business operation to a nearby country, especially in preference to a more distant one.” High shipping rates, political tension between the U.S. and China, global geopolitical uncertainty and USMCA advantages have … Continue reading →
A total 576 U.S. banks exceeded regulatory guidance on CRE loan concentration by the end of Q1–2023, an increase of 30.3 percent compared with a year earlier, according to S&P Global Market Intelligence. Regulators increase their scrutiny of banks that … Continue reading →
According to The Washington Post, Brazil’s gross domestic product (GDP) expanded four percent on an annual basis in the first three months of 2023; the country’s rate of inflation is at 3.9 percent; CPI is seen finishing the year at … Continue reading →
Westfield has decided to surrender the nine-story San Francisco Centre mall to its lenders, according to The Real Deal, which reports that the firm—owned by Paris-based Unibail-Rodamco-Westfield and its partner, New York-based Brookfield Properties—will cease making payments on a $558 … Continue reading →
Colliers reports that the U.S. office vacancy rate in Q1–2023 was 16.1 percent—higher than in Q1–2022 (15 percent) and Q1–2021 (14.2 percent). Construction activity slowed in Q1–2023, with 93.5 million square feet underway, compared to 121.9 million square feet in … Continue reading →
A Policy Analysis Report from San Francisco’s Budget and Legislative Analyst Office estimates that the shift to remote working has resulted in 147,303 fewer office workers in downtown San Francisco (“Downtown”) each workday. The report cites to an NBER Working … Continue reading →
A new IMF Working Paper by Alter, Mahoney and Badarinza concludes that—focusing on the long-run trends—a one percent increase in vacancy rates leads to a temporary drop of 0.5 percent to 0.6 percent in CRE prices over the following quarter. … Continue reading →