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Palomar Press Briefing | September 8, 2021

 



 INDUSTRY NEWS

September 8, 2021

 

‘OOF!’: ECONOMISTS REACT TO AUGUST JOBS REPORT ON TWITTER

Total nonfarm payroll employment rose by 235,000 jobs in August, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate fell to 5.2% after previously dropping to 5.4% in July.

HIGHER WAGES COULD LEAD TO MORE INFLATION, WARNS NRF ECONOMIST

Strong consumer spending during the past year has been boosted by government stimulus programs, but that’s about to change, according to National Retail Federation chief economist Jack Kleinhenz. Future economic growth will rely more on the labor market and job creation as the benefits of the government efforts subside.

OVER 40% OF NEW STORES OPENING IN THE U.S. ARE DOLLAR STORES

It may seem like there’s already one everywhere you look. But shoppers should get ready for even more dollar stores to appear in their neck of the woods. The three main dollar store brands – Dollar General, Dollar Tree, and Family Dollar – have thrived through the “retail apocalypse.”

PUBLIX SUPER MARKETS TO ENTER KENTUCKY

Publix Super Markets Inc. is expanding its national footprint into the Bluegrass State. The regional grocer has signed a lease for its first store in Kentucky. Publix will open a 55.702-sq-ft. supermarket and an adjacent Publix Liquors in Louisville. (It will be the first Publix Liquors outside the state of Florida).

HOW 2 PHYSICIANS BUILT RETIREMENT WEALTH IN REAL ESTATE THROUGH A 1031 EXCHANGE

A brother-sister team amassed millions in rental properties, but when life got too busy, they were shocked at the tax bill they’d owe if they sold. Their solution?  A 1031 Exchanged and a Delaware Statutory Trust.

NET LEASE REITS’ FAVORABLE RUN TO EXTEND THROUGH 2021

There’s no let-up in the performance of net lease REITs, a segment that took great momentum into the second half of the year after a bang-up Q2 2021, according to SLB Capital Advisors. The firm said capital raising and acquisitions have hit new heights for the second quarter, raising $1.8 billion.

U.S. ANNUAL HOME PRICES GAIN A RECORD 18% IN JULY

U.S. home prices increased 18% in July compared to a year earlier, according to a CoreLogic Inc. report released Tuesday. The jump is the largest 12-month gain in the index since the series began 45 years ago. On a month-over-month basis, home prices increased by 1.8% in July from June.

ALMOST 90% OF CRE BROKERS ARE BACK AT THE OFFICE, SURVEY FINDS

The vast majority of commercial real estate brokers, some 88%, are back in the office at least part time, with a substantial number back full time, according to the latest Apto National Broker Buzz Poll, conducted in August among thousands of U.S. brokers.

REPORT: QUICK-SERVICE RESTAURANTS CREATE DELIVERY-ONLY BANNERS

A number of leading quick-service chains are reportedly launching brands that exclusively serve customers using third-party delivery platforms. According to CNBC, fast-food restaurants are extending their presence in the burgeoning on-demand meal delivery space.

 

 

 

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