Online Grocery Sales Could Increase Demand For Industrial Real Estate

Growth in online grocery sales could increase demand for industrial cold storage space, causing 35 million square feet of cold storage to shift from retail locations, according to a report by CBRE. Online purchases will make up 13% of all grocery sales by 2024, the report states. California would likely have the most industrial cold storage at nearly 400 million cubic feet.

Industrial building owners and investors take note!

-JK

Site Visit to Clients Burned Industrial Building

On Tuesday I visited clients burned commercial industrial warehouse building in Carson, CA which was severely damaged by a fire several months back. Things are currently going through the long slow process of city permits to re-build and our carrier hashing out the claims details with the tenant’s carrier to get the insurance claim adjusted. We’ll be writing a Builders Risk insurance policy to take care of this bad boy and get it back in shape and operational again. Here are pictures of the damage to this industrial warehouse building:

-JK

U.S. News & World Report: California Has Worst Quality Of Life

I hate to be a Debbie downer here, but the annual ranking of states by U.S. News & World Report places California last for its quality of life and 32nd overall when all categories are rated. The categories of the “Best States” report and California’s ranking among the 50 states is as follows:

  • Healthcare, 11th;
  • Education, 26th;
  • Economy, 4th;
  • Opportunity, 46th;
  • Infrastructure, 38th;
  • Crime and corrections, 28th;
  • Fiscal stability, 43rd;
  • Quality of life, 50th.

The latter was based on two elements: natural environment and social environment. Iowa is first in the overall rankings, followed by Minnesota, Utah, North Dakota and New Hampshire. To view the full report and state-by-state rankings, click here.

If the weather were a category, there’s no question that California would take the gold medal.

-JK

Millions Will Call In Sick After Super Bowl Sunday

Roughly 14 million Americans are expected to call in sick on Monday — making the day after the 52nd Super Bowl Sunday one of the biggest sick days of the year, according to a survey by the Workforce Institute at Kronos and Mucinex. Post-Super Bowl Monday is “notoriously known as a day where people call out of work,” with 1 in 5 Americans saying they’ve called in sick over the years. This year is expected to be down from the 16.5 million who had said they planned to call in sick last year after Super Bowl Sunday.

Source: LinkedIn

-JK

Top 10 Employment Discrimination Charges in 2017

The U.S. Equal Employment Opportunity Commission (EEOC) announced last week that 84,254 workplace discrimination charges were filed with the federal agency nationwide during 2017.

The agency handled over 540,000 calls and more than 155,000 inquiries in field offices.

The FY 2017 data show that retaliation was the most frequently filed charge filed with the agency, followed by race and disability. The agency also received 6,696 sexual harassment charges and obtained $46.3 million in monetary benefits for victims of sexual harassment.

Specifically, the charge numbers show the following breakdowns by bases alleged, in descending order:

  1. Retaliation: 41,097 (48.8 percent of all charges filed)
  2. Race: 28,528 (33.9 percent)
  3. Disability: 26,838 (31.9 percent)
  4. Sex: 25,605 (30.4 percent)
  5. Age: 18,376 (21.8 percent)
  6. National Origin: 8,299 (9.8 percent)
  7. Religion: 3,436 (4.1 percent)
  8. Color: 3,240 (3.8 percent)
  9. Equal Pay Act: 996 (1.2 percent)
  10. Genetic Information: 206 (.2 percent)

These percentages add up to more than 100 because some charges allege multiple bases.

EEOC legal staff filed 184 merits lawsuits alleging discrimination in fiscal year 2017. The lawsuits filed by the EEOC included 124 individual suits and 30 suits involving multiple victims or discriminatory policies and 30 systemic discrimination cases. At the end of the fiscal year, the EEOC had 242 cases on its active docket. The EEOC achieved a successful outcome in 90.8 percent of all suit resolutions.

My question to you, do you have Employment Practices Liability Insurance for your business?

Source: EEOC

-JK

Accidental Fire Sprinkler Discharge – Video

oh boy…..

Do you have fire sprinklers in your commercial building, either as a tenant or building owner? How confident are you that you have the proper coverage on your property insurance policy to protect from an accidental fire sprinkler discharge like this one?

When someone hands me the aux #classdismissed @oldrowofficial

A post shared by Barstool Sports (@barstoolsports) on

Think about physical loss or damage to your business’ equipment, stock, furniture, fixtures, and/or improvements caused by the water damage. If you are unsure, make sure to talk to your agent/broker for verification. Don’t just assume.

-JK

Tesla Autopilot Collision Warning Before Accident

Remarkable (watch with audio):

-JK

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