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Palomar Press Briefing | February 2, 2022

 



 INDUSTRY NEWS

February 2, 2022

PALOMAR GROUP ARRANGES $16.8M SALE OF SHOPPING CENTER IN METRO ATLANTA

The Palomar Group has arranged the sale of Turner Hill Marketplace, a 124,294-square-foot shopping center in Stonecrest, about 21.4 miles east of downtown Atlanta. A joint venture between Miami-based firms M Street Holdings and Highline Real Estate Capital acquired the property for $16.8 million.

NPD: RESTAURANT INDUSTRY WILL RECOVER 98% OF PRE-PANDEMIC ORDERS BY YEAREND

Things are looking up for the beleaguered restaurant industry. Despite facing a host of headwinds that included the continuing pandemic, labor shortages and rising costs, the industry ended the year 2021 better off than the year began, according to The NPD Group.

COVID-19 FUELS BEST-EVER COMMERCIAL REAL-ESTATE SALES

Investors set a record for U.S. commercial-property sales last year, betting that the pandemic is reordering how Americans live, work, and play. Real-estate buyers loaded up on warehouses, which serve as fulfillment centers for the e-commerce boom.

CRE MARKETS GAINED SPEED THROUGH YEAR-END 2021

The recovery in commercial real estate markets accelerated throughout 2021, especially in the final months of the year. Total transactions volumes in 2021 were $1.9 trillion, an increase of nearly 80% from the prior year, according to data from Real Capital Analytics posted on Bloomberg.

U.S. ECONOMY GROWS AS FOURTH-QUARTER GDP SHOWS STRONGEST YEAR IN DECADES

The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades as the country rebounded quickly from the pandemic-induced recession.

METAVERSE REAL ESTATE SALES TOP $500 MILLION, AND ARE PROJECTED TO DOUBLE THIS YEAR

Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021.

CRE ‘LARGELY SPARED’ FROM PANDEMIC RECESSION

Despite some whipsaw employment numbers – which didn’t prove too detrimental – the construction market in 2021 was “largely spared” from the pandemic recession, according to the annual research study conducted by the NAIOP Research Foundation.

A NORMAL SUPPLY CHAIN? IT’S ‘UNLIKELY’ IN 2022

With the havoc at ports showing no signs of abating and prices for a vast array of goods still rising, the world is absorbing a troubling realization: Time alone will not solve the Great Supply Chain Disruption. It will require investment, technology, and a refashioning of the incentives at play across global business.

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