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An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.
Gov. Baker has also directed the Department of Public Health to issue a stay at home advisory outlining self-isolation and social distancing protocols. Residents are advised to stay home and avoid unnecessary travel and other unnecessary activities during the two-week time period.
Critics say the law should redefine distressed areas and prevent investments in casinos, stadiums, luxury hotels, student housing, storage facilities and high-end housing from qualifying for the tax breaks.
Ian Formigle of CrowdStreet says we are in a recession but there is data to suggest it will be more V-shaped than U-shaped or L-shaped, and right now, he is betting on a V-shaped recession.
At year end, Dallas-Fort Worth continued to be one of the strongest US industrial markets with 25 million square feet in new industrial space delivered at nearly 75% leased, and Houston had 10 million square feet absorbed.
Financing to the tune of $991.77 million was arranged for a 17-property portfolio totaling more than 7 million square feet across major US markets on behalf of CalSTRS and its advisor, PCCP.
Consistent with the governor's order last week, the city clarified that the following as life-sustaining businesses or services: laundromats, veterinary hospitals, pet stores, retail banks (allowing drive-through or limited lobby access), stores that primarily repair cell phones, and bicycle or motorcycle repair shops.
"I fully recognize that in some cases I am choosing between saving people's lives and saving their livelihoods. But ultimately, you can't have a livelihood without a life. This will not last forever, but it's what we must do to support the people on the front lines of this fight, and the people most vulnerable to its consequences," Gov. Pritzker added.