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11 Must Reads for the CRE Industry on Dec. 11, 2020 - Vimarsana News

11 Must Reads for the CRE Industry on Dec. 11, 2020

11 Must Reads for the CRE Industry Today (Dec. 11, 2020) The Wall Street Journal looks at Airbnb’s rising IPO valuation. The New York Times and the Washington Post examine the consequences of the stalled stimulus package and how states are trying to mitigate the damage. These are among today’s must reads from around the commercial real estate industry. States Try to Rescue Small Businesses as U.S. Aid Is Snarled “With the economic recovery faltering and federal aid stalled in Washington, state governments are stepping in to try to help small businesses survive the pandemic winter....

Public Storage Completes Phase I of $528-million Acquisition | San Fernando Valley Business Journal - Vimarsana News

Public Storage Completes Phase I of $528-million Acquisition | San Fernando Valley Business Journal

In total, this portfolio is comprised of 36 properties totaling 3.6 million net rentable square feet. The first phase of the purchase includes 24 existing properties (2.3 million net rentable square feet) that has been built since 2016, with an average occupancy of approximately 35 percent, according to a Public Storage statement. The second phase includes the transfer of 12 properties (1.3 million net rentable square feet), now in various stages of development, to Public Storage next year as the sites reach completion. “We are pleased to welcome the Beyond Self Storage customers to Publ...

Source: sfvbj.com