10 Must Reads for the CRE Industry Today (April 16, 2014)
Deutsche Bank is reportedly marketing the Cosmopolitan Las Vegas Resort with a selling price north of $2 billion. A Seeking Alpha piece argues that student housing REITs should outperform in 2014. Forbes looks at the burgeoning same-day delivery grocery war that’s emerging between Amazon, Google and Walmart. After failing to crack the America’s grocery market, Tesco is giving the U.S. another crack, this time with an apparel play. These are all among today’s 10 must reads for the commercial real estate sector.
Detroit Industrial Market Shows Strong Improvement
Detroit, with about 365 million sq. ft. of industrial space, tied with Atlanta in recording an 80 basis points drop in availability in the first quarter, according to a report by commercial real estate services firm CBRE.
Playing to Win in the Year of the Distribution Center
As consumer demand and manufacturing output increases, industrial real estate investors are seeing huge potential for increased returns. This could spell new real estate decisions and strategies for owners and occupiers alike.
NREI/Marcus & Millichap Investor Sentiment Index Trending at 10-Year High
Investors are once again proving that their confidence in commercial real estate remains steadfast. Exclusive results from the NREI/Marcus & Millichap Investor Sentiment Survey indicate that a majority of investors expect both core fundamentals and property values to continue to rise in the coming year.
10 Must Reads for the CRE Industry Today (April 15, 2014)
Pension fund CalPERS is on the hunt for new money managers and held an event at a Sacramento hotel searching for them. CBL & Associates is planning to sell about one-fourth of its current portfolio. Multifamily rents are rising beyond the point of affordability in many U.S. cities. Pittsburgh is tabbed as a good market for long-term investment in real estate according to London property firm Grosvenor Group. And a group of Walgreen Co. shareholders are urging the drugstore giant to relocate its corporate headquarters to Europe. These are all among today’s 10 must reads for the commercial real estate industry.
10 Must Reads for the CRE Industry Today (April 14, 2014)
U.S. CMBS defaults dropped for the fourth straight year, according to a new report from Fitch Ratings. The Miami Herald profiles the family behind Turnberry Associates, the firm that owns the Aventura Mall and Fontainebleau Miami. Struggles at Family Dollar and other chains have analysts wondering whether dollar stores can only thrive in down economies. DSW is launching a new format called Yellow Box. These are all among today’s 10 must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (April 11, 2014)
Some Wall Street investors have put money into trailer parks in search of juicy yields. A new study by the RAND Corp. estimates that without an extension of a federal backstop for terrorism insurance, taxpayers could be faced with as much as $7 billion in losses should another large-scale attack take place. An analysis of the San Francisco rental market shows that eviction rates are high near “Google Bus” stops. New York downtown retail landmark J&R Music is shutting its doors after 43 years. Dollar stores are suddenly facing hard times. These are among today’s 10 must reads for the commercial real estate sector.