Amazon builds property empire, quietly buying land across the U.S.

Starting about three years ago, the Seattle-based colossus quietly began searching for property in key U.S. markets such as Southern California, Texas, Illinois, Florida and the Bay Area. Between 2020 and 2022, Amazon tripled the amount of built industrial space it owns in North America, according to company filings. Sometimes Amazon buys existing buildings, such as defunct call centers, but it also purchases bare land, of which the company acquired about 4,000 acres in the same period, says real estate researcher CoStar Group. Amazon plans to use much of the real estate for a new generation of towering fulfillment centers that can store a wide variety of products close to customers in populous areas, according to people familiar with the strategy.

Buying land is a major shift for Amazon, which historically relied on a handful of developers to find property, build fairly simple warehouses and rent them back to the company. Now Amazon is increasingly taking parts of the development process in-house, often bidding against longtime partners for the best space. Source: Seattle Times / Bloomberg

‘I See The Impact On Our Readiness’: Matt Gaetz Pushes To Reinstate Service Members Dismissed Over The COVID Vaccine

Rep. Matt Gaetz (R-FL) plans to introduce an amendment Wednesday reinstating armed service members who were dismissed for refusing the COVID vaccine.

When the House Armed Services Committee marks up the National Defense Authorization Act, Gaetz will introduce an amendment protecting armed service members who refuse to get the COVID vaccine, reinstating members who were dismissed over their refusal at the same rank and grade, and providing back pay and benefits to the members who were dismissed. Source: Daily Wire