What I’m Reading
Winter is Coming: Increased outdoor dining has provided a boost for restaurants across the country as the pandemic greatly restricted indoor service. But now now that summer is more than half over, restaurant owners – especially those in cold climates – are facing the challenge of losing their outdoor lifeline.
Survival Tactic: Commercial airlines are shifting to cargo transportation as a way to offset plunging passenger revenue during the pandemic.
Insatiable Demand: JLL is out with a new report predicting that growth in e-commerce sales could increase demand for industrial real estate by an additional one billion square feet in the next five years.
Flat Footed: America’s sawmills didn’t see the current pandemic-fueled building boom coming and lumber prices are soaring as they struggle to meet demand.
Virtual Certainty: The pandemic has greatly accelerated the already-underway trend of increased technology adoption in multi-family real estate. However, it raises a thorny question: who will own all of the personal data being collected?
Chart of the Day
Source: Calculated Risk
Makes Sense: An Australian grocery store owner became so obsessed with coronavirus germs, he set his own store on fire to “kill” them.
Normal Behavior: A blood soaked man jumped onto the hood of a moving truck and tried to bash its windshield in for nearly 9 miles while the driver frantically tried to get him off because Florida. (h/t Stone James)
Replacement Part: A British man whose penis fell off due to a severe blood infection had a new one built – on his arm. Depending on how he plays this, its either the best or worst pickup line of all time. (h/t Adam Werblow)
Landmark Links – A candid look at the economy, real estate, and other things sometimes related.
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