NEWS

News

Palomar Press Briefing | July 21, 2021

 



 INDUSTRY NEWS

July 21, 2021

 

PHILLIPS EDISON & COMPANY ANNOUNCES CLOSING OF UNDERWRITTEN IPO

Phillips Edison & Compnay, Inc. (“PECO”), one of the nation’s largest owners and operators of omnichannel grocery-anchored neighborhood shopping centers, announced today that it has completed its underwritten initial public offering of 17,000,000 shares of common stock at a price to the public of $28.00 per share.

CASH-FLUSH AMERICANS LIFT U.S. RETAIL SALES; SHORTAGES DEPRESS AUTO PURCHASES

U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated in the second quarter.

HOW PROPOSED TAX CHANGES COULD IMPACT MULTIFAMILY INVESTMENT PROFITABILITY

As multifamily investment coaches and mentors, we are often quick to cite the tax advantages of an investment in a multifamily asset, and there are many. But, a slate of proposed tax changes under the new presidential administration could reduce or eliminate some of these advantages.

THE 4 RETAIL STORES YOU PROBABLY SHOP AT THAT USE FACIAL RECOGNITION TECHNOLOGY

Retail stores across the country are using facial recognition systems in their stores, leading to a pushback by groups who say the technology is an invasion of privacy, Axios reported on Monday.

RETAIL SALES BOUNCE BACK TO PRE-PANDEMIC HIGHS: 6 WINNERS

Retail sales jumped unexpectedly in June after declining for the past few months. However, the surprise rebound once again proves that the economy is on track for a faster-than-expected recovery, with people having started spending on goods.

HIGHER JUNE RETAIL SALES BOLSTERS U.S. RECOVERY

Americans stepped up retail spending in June, offering a boost to the economic recovery as it faces concerns about accelerating inflation. Retail sales, a measure of purchases at stores, restaurants and online – rose 0.6% last month compared with May, the Commerce Department reported Friday.

RESTAURANT RECOVERY IS GAINING MOMENTUM 

As the weather warmed up and vaccination rates increased, the restaurant business is approaching 2019 levels. Compared to the same months in 2019, restaurant visits were down -10.4%, -7.8%, and -3.8% in April, May, and June, respectively, according to Placer.ai.

 

FOR SALE

















UNDER CONTRACT













CLOSED





















ALL PALOMAR DEALS




Twitter

Facebook

Instagram

LinkedIn

Website

Copyright © 2017 Palomar Group LLC, All rights reserved.

Our mailing address is:
206 Pitcarin Way
Suite A
Augusta, GA 30909

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 

 

This email was sent to *|EMAIL|*

why did I get this?    unsubscribe from this list    update subscription preferences

*|LIST:ADDRESSLINE|*