Commercial Real Estate & Business News – October 13, 2020

E-Commerce Tenants Continue to Lease Industrial Space as the Holiday Season Approaches
Anticipating a surge in online shopping during the holidays, e-commerce tenants are already prepared to handle the swell in orders, having locked in additional industrial space during the second and third quarters, according to Steve Schnur, executive vice president/COO at Indiana-based industrial REIT Duke Realty…»
First Look: Dollar General Launches New, More Upscale Store Concept
Dollar General is launching a new retail concept aimed at a more upscale shopper than its namesake stores but one that is just as appreciative of a bargain. The discounter’s new format, called Popshelf, will features a non-consumable merchandise mix that includes seasonal and home décor, health and beauty…»
Apartment Construction Planning Is Different, Not Dead
The pandemic has halted many apartment projects in their tracks-but a recent report from John Burns Real Estate Consulting says that there are still opportunities to build new apartment properties in both urban and suburban markets. The caveat according to the firm: It depends on the timing…»
October Rent Payments Hit 79 Percent: NMHC
More than 79 percent of U.S. rental households have made rent payments as of Oct. 6, according to a just-released report on rent collections from the National Multifamily Housing Council. The report comes more than a month after the Trump administration announced a nationwide eviction moratorium…»
Mack Real Estate Group Buys 794K SF Hub at Goodyear
An affiliate of Mack Real Estate Group (MREG) has completed the acquisition of The Hub at Goodyear, a new, 793,862-square-foot industrial facility located in Goodyear, AZ, in a transaction arranged by CBRE. Richard Mack, CEO of MREG, made the announcement. The Hub at Goodyear provides access…»