Newsletter 021 – Mueller Commercial

FTC READIES LAWSUIT THAT COULD BREAK UP AMAZON

The Federal Trade Commission is finalizing its long-awaited antitrust lawsuit against Amazon, four people with knowledge of the matter told POLITICO, a move that could ultimately break up parts of the company. Read More…

JUNE HOME SALES DROP TO THE SLOWEST PACE IN 14 YEARS AS SHORT SUPPLY CHOKES THE MARKET

Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors.

AS TEMPERATURES RISE, MOSQUITOES ARE ALSO ON THE MOVE. SCIENTISTS WORRY THAT COULD MEAN MORE MALARIA

The temperature range where malaria-carrying mosquitoes thrive is rising in elevation. Researchers have found evidence of the phenomenon from the tropical highlands of South America.

NEW RULES FOR OIL AND GAS LEASING RAISE RATES ENERGY COMPANIES PAY TO DRILL ON PUBLIC LANDS

Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced Thursday by the Biden administration.

4441 Granite Dr.

Region: Rocklin
Use: Retail/Office
Lease or Sale: Lease
Sq Ft: 1,000 – 1,520-2,333
Lease Rate: $1.60 NNN

7919 Pebble Beach Dr.

Region: Citrus Heights
Use: Office
Lease or Sale: Lease
Sq Ft: 1,432-2,134
Sale Price: $1.65-$1.75 FSG

The four-unit retail building with lot is located in the heart of Sacramento’s thriving Oak Park neighborhood. Consisting of +/-5,000 sq ft retail building seated on +/-14,375 sq ft of commercially zoned land is being offered at $250 psf or $1,250,000

FOLSOM CHABAD SYNAGOGUE LOOKS FORWARD TO NEW HOME AFTER LAND PURCHASE

WEST SACRAMENTO-BASED RALEY’S TO CONVERT SEVERAL CAFES INTO STARBUCKS KIOSKS

FOOD INFLATION OUTLOOK FOR 2023 DROPS BELOW PREVIOUS PROJECTIONS

USDA expects food price inflation for 2023 to be slightly lower at 5.8% compared to the previous projection of 5.9%.

IS MEXICO BANNING GMO CORN TO PROTECT NATIVE CORN VARIETIES?

Mexico’s move to ban genetically modified corn is a manifestation of its efforts to protect numerous native corn varieties against the global ag industry’s push towards genetically modified organisms

MOTOGP’S FRIDAY FORMAT TWEAK APPROVED WITH IMMEDIATE EFFECT

HUNGARIAN GP: F1 TECHNICAL IMAGES FROM THE PITLANE

RULE #1 WHEN BUYING WATCHES (AND ALSO WHEN WRITING ABOUT THEM)

When I first got to see press pictures of the new 2067 and 2057 from Breguet, I was pretty sure that I wouldn’t be the one to fall in love with the “mint green shade” featured on the Arabic numerals, hands and bezel of the 2057

WHAT THIS VINTAGE CARTIER TANK CINTRÉE TELLS US ABOUT THE FUTURE OF RESTORATION

From 1920 until 1960, Cartier produced less than 15,000 wristwatches. For perspective, it’s estimated Rolex produced its one-millionth watch sometime around 1960.

Don’t roll the dice when it comes to your Commercial Real Estate Portfolio. Choose the Mueller Group and win big!