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Palomar Press Briefing | July 14, 2021



 INDUSTRY NEWS

July 14, 2021

 

SURPRISE, SURPRISE: RETAIL RENTS ACTUALLY GREW IN Q2

Effective retail rents grew by 0.1% in the second quarter, a sign experts from Moody’s Analytics say shows a “significant” lack of stress, considering typical trends in the sector. The uptick has “at least temporarily, moderated the glut of negative sentiments across analysts and industry stakeholders.”

2021 MIDYEAR OUTLOOK FOR REITS AND COMMERCIAL REAL ESTATE: A ROBUST RECOVERY AHEAD

In late May, Nareit marked the passage of 15 months of financial market response to the global spread of COVID-19, social distancing measures, and more recently, here in the U.S., the reopening recovery.

SURPRISE, SURPRISE: RETAIL RENTS ACTUALLY GREW IN Q2

Effective retail rents grew by 0.1% in the second quarter, a sign experts from Moody’s Analytics say shows a “significant” lack of stress, considering typical trends in the sector. The uptick has “at least temporarily, moderated the glut of negative sentiments across analysts and industry stakeholders.”

2021 MIDYEAR OUTLOOK FOR REITS AND COMMERCIAL REAL ESTATE: A ROBUST RECOVERY AHEAD

In late May, Nareit marked the passage of 15 months of financial market response to the global spread of COVID-19, social distancing measures, and more recently, here in the U.S., the reopening recovery.

TOP 50 FOOD AND GROCERY RETAILERS BY SALES

The SN Top 50 Retailers report is compiled in partnership between Supermarket News and research partner IGD, a leading UK-based analysis and insight organization for the food and consumer goods industry. The following table includes the rankings of the Top 50 food and grocery retailers and wholesalers in the U.S. and Canada.

NEWLY LISTED HOMES SURPASS 2019 LEVELS FOR THE FIRST TIME

The number of homes listed for sale surpassed 2019 levels for the first time since the start of the year, according to a report from Redfin. New listings of homes for the four weeks ending July 4 were up 4% from a year earlier. They were also up 3% from the same period in 2019.

THE TOP STOCK PICKS OF 12 BILLIONAIRE INVESTORS

In this time of economic uncertainty, what securities are the likes of George Soros and Warren Buffett betting on? The wild market volatility of the past couple of years due to the COVID-19 pandemic has investors interested in mitigating risks, which means more attention is being paid to hedge funds.

CONSUMER PRICES SHOT UP 0.9% IN JUNE

Prices for goods and services, excluding food and energy, shot up 0.9% in June on a month-over-month basis, according to the Core Consumer Price Index reading published Tuesday morning. Why it matters: That’s an uptick from May’s monthly change of 0.7%. Economists were expecting an increase of 0.4%.

PHILLIPS EDISON TARGETS OVER $3 BLN VALUATION IN U.S. IPO

Phillps Edison & Company Inc, which owns and operates omnichannel shopping centers, is aiming for a valuation of up to $3.4 billion, according to a regulatory filing on Wednesday. The company plans to sell 17 million shares priced between $28 and $31 per share, raising about $527 million.

 

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