News/Blog

February 15, 2023

Mass timber providing mass construction benefits

By Brittney Sherman

Texas is jumping on the mass timber fan wagon with 50 mass timber projects currently under construction or recently completed, and another 84 projects in the development pipeline. Mass timber has historically been viewed as an expensive, risky, and unreliable building product. However, today mass timber is being celebrated for its sustainability, affordability, expedited construction timelines, and need for less workers to complete a project. While mass timber is still a novelty product in projects nationwide, its ability to produce quick and strong development returns will make it a household name for many developers soon enough.

Did you know………The Edes Building, a two-story art gallery currently under construction in Downtown Morgan Hill, is the City’s first project featuring cross laminated timber.

February 14, 2023

Supply chain issues ease while supply orders plummet

By Brittney Sherman

According to the National Retail Federation’s (NRF) Global Port Tracker Report, February 2023 is projected to experience one of the lowest drops in major container imports since the pandemic began. The forecasted figures are estimating a 25.6% drop since this same month last year, resulting in the lowest cargo import volume since 2020. Overall, the first half of 2023 is projected to see an estimated 19.4% decrease of import cargo volume, as compared to the first half of 2022. What’s the reason? Retailers are being extremely cautious with product and supply purchases, as concerns over inflation and an impending recession continue to rise.

Read the full report HERE.

February 09, 2023

The hottest growing brands in 2023

By Brittney Sherman

Expanding into underserved markets, developing new products in response to changing customer preferences, and keeping value-priced options are why Placer.ai lists these retailers as the top brands to watch in 2023:

Whataburger- 24-hour service captures customers after 9 p.m.

Wawa- convenience store food and customer loyalty at its best

Bob’s Discount Furniture- free coffee and value-priced furniture capitalizes on the shift in owner/occupied residences

Dave & Busters- acquired Main Event Entertainment to effectively “own” the eatertainment market

Hibbett Sports- brick-and-mortar strategy focused on small and mid-size markets with minimal competition

Five Below- the preferred discounter for the teen/tween market

Bootbarn- workwear, everyday wear and fashion as western wear popularity increases

Grocery Outlet- opportunistic buying power

Altar’d State- cozy, chic and affordable workwear for young professionals

Total Wine & More- dominating Midwest expansion

February 08, 2023

Elite Meat Market opens in Morgan Hill

By Brittney Sherman

Carniceria Elite Meat Market opened early February and has already become a premier spot for Morgan Hill meat connoisseurs. This family and minority-owned business specializes in only the highest quality meat (think Wagyu), cheese, and produce. The transformation of the space from the Pink Elephant Bakery into a hip and modern meat counter is truly remarkable. Learn more about the market HERE.

Welcome to Morgan Hill Carniceria Elite Meat Market!