The acquisition will allow JLL clients to "better predict future property values, improve cost savings, identify promising investment opportunities and make critical business decisions."

Nearly 70% of respondents said trade and labor shortages were the greatest impediment to getting projects done on time.

Futures are higher than current cash prices and no one knows what a new Covid wave might do.

The average rental arrears is about 2.9 months' rent and to make up for those costs the new rent would need to be at least 25% higher.

Los Angeles and the Inland Empire of Southern California are the top US industrial markets followed by Chicago, Houston and Dallas.

Some sectors, such as apartments and industrial, had a stellar quarter.

The fund's first purchase is expected to be a multifamily property in Austin, Texas, for more than $100 million.

July housing trends show a market still working its way back toward some version of normal.