As the bipartisan infrastructure bill awaits President Joe Biden’s signature to become law, the commercial real estate industry awaits the effects of $550B in new spending. It could be waiting a long time. The nature of infrastructure projects is long-term — doubly so for the transformational projects the bill is supposed to make possible. [...]
Global Supply-Chain Problems Escalate, Threatening Economic Recovery Component shortages, surging prices of raw materials and transportation backups compound the bottlenecks Global supply-chain bottlenecks are feeding on one another, with shortages of components and surging prices of critical raw materials squeezing manufacturers around the world. The supply shocks are already showing signs of choking off the [...]
The Ports of Los Angeles and Long Beach — together, the nation’s busiest — continue to experience record volumes, leading to double-take-worthy industrial fundamentals nearby. The Port of LA reported that between June 2020 and June 2021, it broke eight monthly records and experienced the top four individual months in its 114-year history. Import volumes [...]
