{"id":1004396909,"date":"2020-03-02T06:23:55","date_gmt":"2020-03-02T14:23:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004396909"},"modified":"2020-03-04T06:33:16","modified_gmt":"2020-03-04T14:33:16","slug":"daily-reads-march-2-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-2-2020\/","title":{"rendered":"DAILY READS: March 2, 2020"},"content":{"rendered":"<p><strong>Two-Tower Plan for Former Chicago Spire Site Gets Significant Height Reduction<\/strong><\/p>\n<p>The long-anticipated plan to redevelop the infamous hole left behind by the failed 2,000-foot-tall Chicago Spire project at 400 N. Lake Shore Drive keeps getting less grandiose. The&nbsp;two-tower proposal&nbsp;for the vacant riverfront site revealed by Related Midwest and shunned by Alderman Brendan Reilly in 2018 has been chopped down from 1,100 to 875 feet. <a href=\"https:\/\/chicago.curbed.com\/platform\/amp\/2020\/2\/28\/21158542\/chicago-spire-site-400-lake-shore-drive-development\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Curbed<\/em><\/p>\n<p class=\"single-header-title\"><strong>Kanye West is the Real Estate King of Cody, Wyoming<\/strong><\/p>\n<p>&#8220;He purchased about 11 acres of commercial property within the town\u2019s limits, and has moved members of his \u201cYeezy\u201d team into the area. He plans to build a warehouse on Road 2AB. It\u2019s possible, partly because the cost is far lower than the famed mountain town of Jackson Hole.&#8221; <a href=\"https:\/\/therealdeal.com\/2020\/02\/29\/kanye-west-is-the-real-estate-king-of-cody-wyoming\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>The Real Deal<\/em><\/p>\n<p class=\"lede-text-v2__hed\"><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004396924\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-2-2020\/powell_testimony_2018_42753534974\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg\" data-orig-size=\"788,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Powell_Testimony_2018_(42753534974)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg?w=788\" class=\"size-medium wp-image-1004396924 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg\" alt=\"\" width=\"300\" height=\"236\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg 788w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg?resize=300,236 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Powell_Testimony_2018_42753534974.jpg?resize=768,604 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Fed Ready to Cut Rates Despite Doubt They Can Offset Virus<\/strong><\/p>\n<p>The Federal Reserve is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a U.S. economy increasingly threatened by the coronavirus. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-01\/fed-ready-to-cut-rates-despite-doubt-they-can-fix-virus-fallout\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Bloomberg<\/em><\/p>\n<p><strong>National Development Files Plans For $210M South Boston Mixed-Use Project<\/strong><\/p>\n<p>National Development filed a project notification form Friday on a $210M mixed-use proposal at 323-345 Dorchester Ave. in Southie. The developer is pitching&nbsp;a 21-story, 317,000-square-foot building with 265&nbsp;apartments on the upper floors, 47,000 square feet of office on the second and third floors, and a 10,000-square-foot grocery and a 4,500-square-foot restaurant as the ground-floor retail component. <a href=\"https:\/\/www.bisnow.com\/boston\/news\/mixed-use\/national-development-files-plans-for-210m-south-boston-mixed-use-project-103127\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Bisnow<\/em><\/p>\n<p><strong>The Most Expensive Countries To Live In 2020: Europeans At The Top With Switzerland First<\/strong><\/p>\n<p>Using notoriously expensive&nbsp;New York City&nbsp;as a benchmark \u2014 with an index score of 100 and considering five major metrics: cost of living, rent, groceries, eating out and purchasing power \u2014 a new study published by&nbsp;Ceoworld Magazine&nbsp;placed&nbsp;Switzerland&nbsp;as the most expensive nation on the planet with a 122.4 cost-of-living index. <a href=\"https:\/\/www.forbes.com\/sites\/ceciliarodriguez\/2020\/03\/02\/the-most-expensive-countries-to-live-in-2020-europeans-at-the-top-with-switzerland-first\/#33a63c3f6dc1\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Forbes<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New mixed-use project in Boston. Can rate cuts stem the effects of coronavirus? These are the most expensive places to live in 2020. Here&#8217;s a batch of other critical content for you to read, listen to or watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004396924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004396909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DAILY READS: March 2, 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-march-2-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: March 2, 2020\" \/>\n<meta property=\"og:description\" content=\"New mixed-use project in Boston. 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