Supply & Demand

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'Eye-popping decline' in U.S. mall values
'Eye-popping decline' in U.S. mall values
U.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.About $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt…
·crainsdetroit.com·
'Eye-popping decline' in U.S. mall values
Southern cities hit hard by storms face new crisis: No water
Southern cities hit hard by storms face new crisis: No water
AUSTIN, Texas (AP) — Southern cities slammed by winter storms that left millions without power for days have traded one crisis for another: Busted water pipes ruptured by record-low temperatures...
·apnews.com·
Southern cities hit hard by storms face new crisis: No water
COVID-19 drives sales bump for Benton Harbor-based high-end furniture maker
COVID-19 drives sales bump for Benton Harbor-based high-end furniture maker
The nationwide move to working from home has been devastating to such makers of office furniture as Steelcase Corp. of Grand Rapids.It has been a boon, though, for Vincent Leman, the owner of a small furniture business in Benton Harbor. Sales jumped 60 percent last year, all of that increase coming…
·crainsdetroit.com·
COVID-19 drives sales bump for Benton Harbor-based high-end furniture maker
Ford F-150 production hit by chip shortage | Fox Business
Ford F-150 production hit by chip shortage | Fox Business
Ford will cut the number of shifts at the factories that produce its best-selling F-Series trucks for one week due to the global semiconductor chip shortage affecting the auto industry.
·foxbusiness.com·
Ford F-150 production hit by chip shortage | Fox Business