Monday, March 31, 2014

Neiman Marcus May Anchor Hudson Yards


National Real Estate Investor

Neiman Marcus May Anchor Hudson Yards

The luxury department store is reportedly negotiating a deal for a 200,000-sq.-ft. multi-level store at the high-profile development.


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Cap Rates Hit New Lows


National Real Estate Investor

Cap Rates Hit New Lows

Spreads to “risk free” rates remain attractive, giving investors comfort.

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Friday, March 28, 2014

Non-Listed REITs Booming


National Real Estate Investor

Non-Listed REITs Booming

High-net-worth individuals are pouring cash into non-listed REITs, which continue to aggressively stockpile assets as they build portfolios.

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How the Tech Sector Inspires Commercial Real Estate Decisions


National Real Estate Investor

How the Tech Sector Inspires Commercial Real Estate Decisions


The retail world watches runways for “the next big thing” but commercial real estate looks to the tech sector for inspiration. While traditional companies may not invest in climbing walls, free meals and espresso bars, there’s much to learn from the tech sector’s real estate and workplace practices. After all, tech is leading the way in productivity, innovation and overall growth.

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Thursday, March 27, 2014

10 Must Reads for the CRE Industry Today (March 27, 2014)


National Real Estate Investor

10 Must Reads for the CRE Industry Today (March 27, 2014)

Private equity firms have joined forces to create the latest real estate trade association, the National Rental Home Council. A column in the Commercial Observer ponders what a world without Fannie or Freddie would mean for the multifamily sector. Blackstone is set to raise $781 million with its IPO of lodging chain La Quinta. And the Market Realist explains why rising consumer confidence is good for Simon Property Group. These are all among today’s must reads for the commercial real estate sector.


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Curated


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Top 10 Hotel Trends









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Six Megatrends for Real Estate in 2020


National Real Estate Investor

Six Megatrends for Real Estate in 2020


As confidence returns to real estate, the industry faces a number of fundamental shifts that will shape its future.



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Wednesday, March 26, 2014

RECON - The Global Real Estate Convention


National Real Estate Investor

RECON - The Global Real Estate Convention

RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world.


Location



Las Vegas Convention Center
Las Vegas, NV
United States









RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 32,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year's worth of business in just three days! If you are looking to meet retailers to discuss new or existing leases in your centers, view the latest industry products and services that are critical to your business, attend educational sessions or find the next deal, then you need to attend RECon.




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10 Must Reads for the CRE Industry Today (March 26, 2014)


National Real Estate Investor

10 Must Reads for the CRE Industry Today (March 26, 2014)

Activist investors succeed in their attempts to oust the board of CommonWealth REIT. Sam Zell is now waiting in the wings. Duke Long lays out 10 reasons why “you will never become a commercial real estate broker.” Walgreens posts a weaker profit and announces plans to shut 76 drugstores. Telecom firm CenturyLink is expected to boost its data center presence in eight markets. RBS is mulling the sale of $550 million in Irish hotel assets. These are all among today’s 10 must reads for the commercial real estate industry.


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From the Trenches


The impacts to the capital markets and commercial real estate in the New Year will help shape the continued recovery and growth to the landscape.

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Surveys Say Demand for Industrial Space is High

Two recently released surveys show that real estate executives believe the industrial market needs new life and flexibility to meet the demands of e-commerce and technology.

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5 Reasons to Sell Your Property via Auction


It’s difficult for most property owners to decide to sell an asset. More often than not, they do an in-depth evaluation of the asset and carefully consider their options before making the decision to dispose of it.

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Tuesday, March 25, 2014

Surveys Say Industrial Demand is High, Flexibility Needed


National Real Estate Investor

Surveys Say Industrial Demand is High, Flexibility Needed

Two recently released surveys show that real estate executives believe the industrial market needs new life and flexibility to meet the demands of e-commerce and technology.

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Monday, March 24, 2014

10 Must Reads for the CRE Industry Today (March 24, 2014)


National Real Estate Investor

10 Must Reads for the CRE Industry Today (March 24, 2014)

Mall giant Simon Property Group has launched a venture group to help seed innovative retail companies. Is Zillow planning a move into commercial real estate data? German discount chain Lidl has its eye on expanding in the U.S. Peter Linneman makes seven bold predictions for the sector on CNBC. Walmart now has six store prototypes. These are all among today’s must reads for the commercial real estate industry.


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Curated


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Friday, March 21, 2014

The New Age of Green: No Building Left Behind


National Real Estate Investor

The New Age of Green: No Building Left Behind

While the impact and importance of a LEED certification cannot be denied, the scope of the program even today leaves the great majority of the country’s income-producing buildings—and therefore the owners, developers, managers and tenants therein—out in the cold.


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Influencer


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Hurry Up and Lock-In Long-Term Fixed Rate Financing on Your Assets


National Real Estate Investor

Hurry Up and Lock-In Long-Term Fixed Rate Financing on Your Assets

I’m calling my shot. They are ringing the bell. Interest rates will rise in the second half of 2014 and continue to rise in 2015.


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Influencer


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Thursday, March 20, 2014

10 Must Reads for the CRE Industry Today (March 20, 2014)


National Real Estate Investor

10 Must Reads for the CRE Industry Today (March 20, 2014)

Check the latest news and analysis from around the commercial real estate sector. Has the net lease sector reached a plateau? Intu Properties is spending $1.4 billion to buy three U.K. malls from Westfield. The National Law Review looks at how proposed IRS regulations could trigger “phantom gains” for UPREIT partners. REIT.com takes look at the business model for EPR Properties. And a battle is raging in Europe for prime retail locations. These are all among today’s 10 must reads.


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Curated


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As Economy Improves, e-Commerce Soars, Storefronts Close

Despite signs of an improving economy, observers of retail trends expect that more storefronts will close their doors this year as retailers adjust to demographic trends and the continuing popularity of e-commerce.

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Wednesday, March 19, 2014

10 Must Reads for the CRE Industry Today (March 19, 2014)


National Real Estate Investor

10 Must Reads for the CRE Industry Today (March 19, 2014)

A healthcare REIT CEO explaining why Obamacare is good for the sector; a look at how real estate ETFs are outperforming the broader market; speculation over where the next big sale/leaseback deal may come from; a major New York office building coming on the market; and an explanation of how new IRS rules are gumming up real estate transactions are among 10 must reads from around the commercial real estate industry today.


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Curated


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Fairway: Growing Pains or a Huge Mistake?

The New York-based chain has reportedly been losing money since going public last April.


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Curated


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Tuesday, March 18, 2014

The 1 Percent Is At It Again


National Real Estate Investor

The 1 Percent Is At It Again

Home Depot Co-founder Ken Langone is the latest billionaire to compare populist views on income inequality to Hitler’s treatment of the Jews.

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Plateau Ahead for Net Lease?

One of the biggest hurdles to achieving higher sales in the net lease market is limited supply of acquisition opportunities.

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Barclay Aggregated Bond Index Changes to Positively Benefit Multifamily


Recently there has been much talk about the impact of some pending changes to the Barclay Capital Aggregate Bond Index. Plans to changes the Index were announced in late in 2013 and for those of us in the multifamily sector, this was welcome news.



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10 Must Reads for the CRE Industry Today (March 18, 2014)

Bank of America telling wealthy investors to bet on commercial real estate’ CW Capital Asset Management selling a $2.5 billion portfolio of loans and assets; NorthStar Realty Finance spending more than $1 billion to buy a seniors portfolio; a brewing conflict between Sam Zell and the board of Commonwealth REIT; and a look at the burgeoning industrial real estate market in Europe, the Middle East and Asia are among 10 must reads from around the commercial real estate industry today.


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Curated


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Staples Closures Will Leave a Dent


National Real Estate Investor

Staples Closures Will Leave a Dent

Research firm Morningstar Credit Ratings LLC estimates that there are 204 retail centers around the country where an exit by Staples would cause occupancy to dip below 80 percent.

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Monday, March 17, 2014

Would Frank Lloyd Wright Embrace Cargo Container Construction? His Architect Grandson Says Yes


National Real Estate Investor

Would Frank Lloyd Wright Embrace Cargo Container Construction? His Architect Grandson Says Yes

If the cargo container construction industry needs sanctioning, it has it now. Eric Lloyd Wright—iconic architect Frank Lloyd Wright's grandson and his former apprentice on such significant projects as the Guggenheim Museum—recently joined Three Squared Inc. as director of architectural vision for the real estate development company, which specializes in innovative cargo container construction solutions for multifamily, mixed-use and other commercial buildings.

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Retail Sustainability: What’s the Investor Perspective?


Sustainability has become an important consideration in the investment, development and operations of retail assets.

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Destiny USA Expansion Project Takes LEED in Retail to New Height

While many U.S. retail center owners are still figuring out ways to institute environmentally sustainable design and property management practices, some have become pioneers in the field. One such firm is the Pyramid Cos., which has achieved LEED Core and Shell certification for the 1.3-million-sq.-ft. expansion project at its Destiny USA center in Syracuse, N.Y.

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LEED: Not Just for Shiny, New Buildings


LEED certification may be most commonly associated with new construction, but the prestigious designation—which provides verification that a building has a reduced environmental impact—isn’t reserved just for shiny, brand-new buildings.

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Saturday, March 15, 2014

High Student Debt Translates into Low Apartment Vacancies


National Real Estate Investor

High Student Debt Translates into Low Apartment Vacancies


As 2014 reaches the spring season, the nation’s apartment sector continues to be in outstanding shape. When the new year began, the national multifamily occupancy rate was at a 10-year high of 95.8 percent, according to a Jones Lang LaSalle (JLL) report, and the sector had just finished yet another 12 months of solid rent growth across the country.

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Friday, March 14, 2014

10 Green U.S. Industrial Sites


National Real Estate Investor

10 Green U.S. Industrial Sites










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Curated


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How to Recycle Your Store


National Real Estate Investor

How to Recycle Your Store

Dollar General concentrates on remodeling rather than relocating its smaller stores.


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Thursday, March 13, 2014

Investment Sales Volume Up, Cap Rates Reach New Lows in Retail Sector in Early 2014


National Real Estate Investor

Investment Sales Volume Up, Cap Rates Reach New Lows in Retail Sector in Early 2014

In January, the most recent month for which data is available, year-over-years sales volume in the retail sector jumped up 27 percent.

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Wednesday, March 12, 2014

Top 5 Fastest Growing Office Space Occupiers


National Real Estate Investor

Top 5 Fastest Growing Office Space Occupiers









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Auction.com Grows with Google

The recent $50 million investment by Google Capital in Auction.com will give both companies access to a rich trove of real estate data.

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Vornado Considers Spin-Off of Strip Centers

The new division would then be merged with West Coast-based Retail Opportunity Investments Corp.


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Tuesday, March 11, 2014

The EBie Awards


National Real Estate Investor

The EBie Awards

Now in its third year, The EBie Awards™ are a national juried competition created by Urban Green Council (USGBC New York) to celebrate measurable performance improvements in Existing Buildings (therefore the EBies) and the people who made them happen.


Location



Hard Rock Cafe LIVE Theatre

1501 Broadway

NY, NY
10036
United States









The EBies Celebrate Outstanding Building Performance


Deadline is March 20


Now in its third year, The EBie Awards™ are a national juried competition created by Urban Green Council (USGBC New York) to celebrate measurable performance improvements in Existing Buildings (therefore the EBies) and the people who made them happen. NREI is delighted to partner with Urban Green and USGBC to promote the EBies.


The EBies recognize the unsung heroes of existing buildings whose accomplishments may otherwise go unheralded – not just building owners, but operators, property and facilities managers, engineers, lighting designers, and other professionals who conceived and implemented the work. Complete details can be found at EBies.org.


The EBie submission deadline is just around the corner on March 20! Finalists will be selected in April, with winners announced LIVE at the Oscar-style EBie Awards on June 9, 2014 at the Hard Rock Cafe LIVE Theatre New York City.




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Apartment Sector Remains Resilient, Despite Minimal Improvements in Occupancy


National Real Estate Investor

Apartment Sector Remains Resilient, Despite Minimal Improvements in Occupancy

Vacancy in the sector declined by 10 basis points during fourth quarter to 4.1 percent, in line with the 10 basis point decrease in vacancy recorded during the quarter prior.

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Kimco Part of Cerberus Buyout Deal

The REIT contributed approximately $90 million to the purchase price.


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Self-Storage Supply Tightens in 2014


National Real Estate Investor

Self-Storage Supply Tightens in 2014

This year developers will add only 1.7 million sq. ft. to the market, totaling 21 new self-storage facilities, according to a first quarter report from real estate services firm Marcus & Millichap.

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Commercial Real Estate Gears Up For Tax Reform

For the past several years, Congress has promised to reform our nation’s overly intricate tax code. However, thus far, we’ve done little more than talk in broad brush strokes. The road to simplification is mired in complications.

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Monday, March 10, 2014

DDR to Exit Brazil


National Real Estate Investor

DDR to Exit Brazil

The REIT's executives say they would rather focus on the acquisition and development of shopping centers in the United States.


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Curated


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Sovereign Wealth Fund Demand for U.S. Properties Picks Up

Sovereign wealth and endowment funds, while more aggressively adding real estate to their portfolios, to date have largely pursued differing strategies.

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Analysts Encourage Kroger to Bid for Safeway

The move would protect Kroger from battling a giant competitor once Albertsons and Safeway merge.


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Friday, March 7, 2014

Mitsui Shaffer-Westcore Property Sale

Westcore Properties, LLC Acquires CORONA MAIN STREET PLAZA in CORONA, CA FOR $11.85 MILLION
 
The 92,045-Square-Foot Center is Anchored by Rite-Aid
and is off 91 Freeway
From. http://www.neuwing.us/retailsuburbancorona.html
(click on swinging sign to return to strategy page)
(click to expand picture)
(click on tombstone to return to strategy page)
CORONA, CALIF., October 26, 2004 – Westcore Corona Plaza, LLC, an affiliate of  Westcore Properties, LLC, a California-based entrepreneurial real estate investment company and its partner in the transaction, Longwing Real Estate Ventures, LLC, a New York-based private real estate investment company, have acquired Corona Main Street Plaza, a four-building retail center totaling 92,045 square feet for $11.85 million in Corona, CA.  The seller was MRES America Fund 92-I.  The 8.8-acre property is located at 300 – 470 North Main Street, just north of the 91 Freeway.
            Tom Lagos and Ken McLeod of the of the West Los Angeles office of Grubb & Ellis  represented Westcore Properties and Bryan Shaffer and Ray Dapp of the Torrance office of Mitsui Real Estate Sales USA represented the seller in the transaction.            Corona Main Street Plaza is 100 percent occupied and is anchored by Rite-Aid.  Other tenants include Citibank, The Learning Center and Alexander Arman Salon.            “The center is in a strong location in the high growth area of Corona with a retail vacancy rate of just six percent,” said Gary Katz, director of acquisitions for Westcore Properties.  “In addition, Corona Main Street Plaza offers a possible redevelopment opportunity in the future.” 



Katz added that this is the second retail property Westcore has acquired in Corona over the past 90 days.  The company’s first acquisition in the city was a 35,000-square-foot Sears Outlet store, acquired as a long-term leasehold interest and is located almost adjacent to Corona Main Street Plaza.
Westcore Properties, a private, San Diego-based company has been an aggressive investor with more than $200 million in industrial, retail and office property acquisitions over the past 18 months.  Earlier this month, Westcore Properties acquired Alpine Creek Center, a six-building, 73,402-square-foot retail center, for $8.6 million in Alpine, CA (east San Diego County), as well as Monarch Industrial Center, a three-building industrial center totaling 277,037 square feet for $15.3 million in Garden Grove, CA.  In addition, the company recently announced the opening of its Northern California office in response to a recovering market in that region as well.
            “Even in a tight investment market, Westcore Properties is growing and enjoying strong activity,” said Marc Brutten, president and CEO of Westcore Properties.  “This is because we not only have the financial scale and capabilities of an institutional investor, but the entrepreneurial instinct and ability to make rapid decisions and close deals quickly.”


JLL Name Change Keeps it Simple


National Real Estate Investor

JLL Name Change Keeps it Simple

Globalization, pronunciation and digitization were all factors the company cited as key drivers behind the name change.

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Abercrombie Looking to Re-Position Hollister as Cheaper, Fast-Fashion Chain


National Real Estate Investor

Abercrombie Looking to Re-Position Hollister as Cheaper, Fast-Fashion Chain

The move is in response to increased competition from chains like H&M and Forever 21.

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Cerberus to Buy Safeway in $9B Deal

The purchase price will include $7.6 billion in debt.

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Thursday, March 6, 2014

Ground Zero Mosque Developer to Rebuild Midtown Synagogue


National Real Estate Investor

Ground Zero Mosque Developer to Rebuild Midtown Synagogue

Sharif El-Gamal, the developer whose proposal in 2011 to build Park51, a $100 million Islamic mosque and community center near the World Trade Center, ignited a national controversy, now plans to build a mixed-use tower in Midtown Manhattan to house a retail center and hotel—and the Garment Center Congregation synagogue. Although the New York Times called the project “mainly a real estate deal, despite the religious trappings,” the project is stirring some debate.

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More Bad News on the Store Closings Front


National Real Estate Investor

More Bad News on the Store Closings Front

Staples to close 225 North American stores by mid-2015.

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J.Crew, Fast Retailing Union Could Lead to Global Domination

All-American apparel chain J.Crew appears poised for either an IPO or a sale to Japanese holding company Fast Retailing, according to reports, as its private equity owners mull an exit.

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Wednesday, March 5, 2014

A Breakout Year for Commercial Real Estate Technology


National Real Estate Investor

A Breakout Year for Commercial Real Estate Technology


As a Millennial and commercial real estate (CRE) practitioner, I’m torn between two worlds.

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Enclosed Regional Malls One of the Best Investments on Offer


National Real Estate Investor

Enclosed Regional Malls One of the Best Investments on Offer

While it’s true that class-C and class-D malls are likely to eventually disappear from the scene, or be redeveloped into something else, good quality regional malls currently represent one of the most attractive investments in the commercial property market.

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Tuesday, March 4, 2014

Kroger Interested in Some of Safeway's Stores


National Real Estate Investor

Kroger Interested in Some of Safeway's Stores

Splitting the stores between Cerberus and Kroger may help stave off anti-trust objections.

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Retailers Seek New Distribution Channels for Same-Day Deliveries

New logistics models are springing up to grab the same-day delivery market share, ranging from mega-distribution centers totaling 1.5 million sq. ft. to tiny delivery posts in urban areas that compete with the struggling local connections.

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Benchmarking Is Only a Starting Point


Benchmarking has become an essential decision support tool used by brokers and clients to determine how much space a company needs. Lately, regardless of the industry, companies want to know what the technology industry is up to. Looking outside one’s industry for best practices can be a source of innovation. But companies first need to try these characteristics on for size to see if they fit.

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Monday, March 3, 2014

First Walmart Store of its Kind?


National Real Estate Investor

First Walmart Store of its Kind?

Wal-Mart opens a story on the ground level of an apartment building in Washington, D.C.

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Blackstone Faces Speed Bump on Invitation Homes RMBS


National Real Estate Investor

Blackstone Faces Speed Bump on Invitation Homes RMBS

The industry has been keeping close tabs on early performance indicators for the nearly $500 million Invitation Homes securitization.

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Saturday, March 1, 2014

International Development Booms, According to PwC


National Real Estate Investor

International Development Booms, According to PwC

A worldwide boom in development is coming—especially in emerging economies, according to Byron Carlock, U.S. real estate practice leader for PricewaterhouseCoopers.

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