The retail sector was looking forward to a solid year of sales when the coronavirus hit. As it struggles to get through the crisis, thoughts turn to what the industry will look like when it is over.
Due to the current economic downturn in the US, P3s are becoming more attractive to local governments as funds for municipal capital improvements go down sharply.
There are several nearby companies that have won new vaccine contracts as a result of the coronavirus and this should lead to further development and possible expansions of existing facilities, Avison Young's Nick Banks says.
There's going to be a pruning of the development pipeline, and a lot of owners either seeking to exit their positions or in need of rescue capital to preserve the positions, Driftwood's Carlos Rodriquez Sr. says.
Cargill is leasing 70,000-square feet at Beacon Logistics Park, half of which is for freezer space with the remaining space allocated for offices and cooler storage.
There continues to be a strong appetite from lenders for the right commercial real estate assets and new development in select South Florida markets, according to PEBB Enterprises CEO Ian Weiner.
Phase I of Northpoint Village will have a standalone shopping center and approximately 16,600 square feet of inline space adjacent to the Publix grocery store.