National Real Estate Investor
10 Must Reads for the CRE Industry Today (July 23, 2014)
Bigger players are swallowing up smaller competitors in the rapidly-evolving single-family rental industry. Louisiana led all U.S. states in the value of industrialprojects during 2013. Chipotle is now the most popular brand among teenage males. The Empire State Building?s managers won dismissal of lawsuits claiming they deprived thousands of early investors of as much as $410 million in profit when the iconic New York skyscraper was taken public. These are among today?s 10 must reads from around the commercial real estate industry.
Content Classification: Curated
REITs Hit Dry Spell for IPOs
REIT IPO activity year-to-date in 2014 is anemic compared to the frothy pace that occurred during the same period in 2013, when 19 separate IPOs were completed. So far this year, only two IPOs have closed.
Life Sciences Write Prescriptions for CRE Markets Success
The United States continues to outpace the world in biopharmaceutical resources and enterprises, according to JLL?s 2014 Life Sciences Cluster Report.
10 Must Reads for the CRE Industry Today (July 22, 2014)
Facebook is testing a ?Buy? button that would allow users to make on-site purchases. Target?s struggles in Canada may serve as a cautionary tale for other retailers attempting to crack the market. CBRE Group has acquired PKF Consulting. Greystone launched a seniors housing real estate sales and investment advisory group with its acquisition of ARA National Seniors Housing Group. These are among today?s 10 must reads from around the commercial real estate sector.
Content Classification: Curated
D.C. Office Occupancy Drops, but Investor Demand Still High
Vacancy has increased in one of the top U.S. office markets, Washington, D.C., but at least one expert says the drop is just a minor blip that signifies investors should seize on properties while they can.
Industrial Leasing Activity Strong in the Second Quarter
Relatively more robust economic activity during the second quarter appeared to benefit the industrial sector as fundamentals improved at a modestly quicker pace.
10 Must Reads for the CRE Industry Today (July 21, 2014)
Restaurant rents have been rising in the past year and a half, and are beginning to put pressure on the industry?s bottom line. CBRE Group is profiting from consolidation among office space firms. The U.S. Senate by a 93-4 vote approved legislation to reauthorize for seven years the Terrorism Risk Insurance Act. Juan Valdez, the coffee brand backed by the Colombian Coffee Growers Federation, is opening franchised cafes in Florida in a fresh attempt to challenge Starbucks Corp. These are among today?s 10 must reads from around the commercial real estate sector.
Content Classification: Curated
More International Investors Hunt for Properties in the U.S.
The U.S. leads global rankings for planned real estate acquisitions in 2014. Nearly half of all international investors (48 percent) project modest growth in their U.S. portfolios in 2014.
Lenders Hold Back Seniors Housing Overbuilding Threat
With the cork finally having been pulled from capital for new construction, seniors housing occupancy inched slowly upward in the second quarter. While talk of overbuilding?not yet really even a threat?has begun, many experts think lenders have learned their lesson and will keep holding their purse strings tight, though more ways to finance are emerging for the sector.
Memory Care Branches Into Every Seniors Housing Sector
There will be about 1 billion people who need some form of memory care worldwide by 2050, according to a recent survey of 6,000 people across 12 countries, conducted by the?based Alzheimer?s Association. As seniors property construction picks up speed in many U.S. markets, building projects for dementia patients is proving to be a gold mine?if a company has the expertise to do it.
The 17 Most Dynamic American Cities
Which are the top American cities today, how do they rank on a global scale, and what will they be like tomorrow? The answers to these questions can vary from one study to another, depending on the type of data being used. We looked at five studies conducted within the past three years; here, we list the 17 American cities (in no particular order) that were included in at least one of the studies.
A New Day in the Way America Looks at Housing
For years, it seems, we?ve heard about the rent-vs-own debate?a question that often influences whether the homeownership rate is rising or falling. In reality, there is no debate. Rather, what we are witnessing, I believe, is no less than a tectonic shift.
10 Disrupters: Living Large in Tiny Spaces
Evan Granoff is among a wave of developers looking to spread the microapartment trend to smaller markets.
Microapartments?living spaces of less than 500 sq. ft.?are already popular in gateway cities like New York and Boston, but haven?t quite caught on yet in secondary markets. Developers like Evan Granoff are trying to change that. Granoff has brought new apartments of less than 300 sq. ft. to his native Providence, R.I. And residents are paying top dollar to rent them.
10 Disrupters: Branching Out
Ric Clark helps Brookfield diversify its CRE holdings.
Having too narrow of a focus can be risky in real estate, according to Richard (Ric) Clark, CEO of Brookfield Property Partners, the real estate investment arm of Brookfield Asset Management. That was part of the thinking that spurred Brookfield, which has traditionally been an office landlord, to start entering new property sectors in the past few years, including industrial, hotel and multifamily.
10 Disrupters: Prescription for MOBs: More Data!
Revista?s Mike Hargrave and Elisa Freeman aim to provide more transparency, efficiency to the medical office investment market.
The American healthcare industry is changing and growing exponentially, yet medical office building (MOB) development and investment have lagged due to a lack of basic data about the marketplace. Revista launched in August 2013 with the aim of providing comprehensive data on hospitals, MOBs and other healthcare properties.
10 Disrupters: Looking Up
Deutsche Bank?s Jonathan Pollack follows the market to new heights.
Deutsche Bank?s commercial real estate group had a busy few years. The firm was the leading CMBS issuer in 2011 through 2013, accounting for about 20 percent of the industry?s overall market share. It had a robust start to 2014, taking up 32 percent of the market share with $32.1 billion in issuance.
10 Disrupters: A Transformed Giant
Bradley Trotter steps in to oversee GE Capital Real Estate?s mega North American portfolio.
GE Capital Real Estate was one of the entities that got hit hardest by the Great Recession. At its peak in 2008, GE Capital Real Estate had $91 billion in assets, of which 56 percent was in equity and 44 percent was in debt. What has transpired since has been a rapid repositioning. After taking time to slim down, absorb losses and reconfigure its portfolio, the firm is once again a major force. Today the firm has global assets of $38 billion, with 63 percent in debt and 37 percent in equity.
10 Disrupters: Flexible Approach
Regus? Michael Berretta satisfies investors? changing appetites for office space.
Having spent the past 15 years at Regus, one of the world?s largest providers of flexible office space with 2,000 global locations, Michael F. Berretta, the company?s vice president of business development for the Americas, has seen the evolution of the flexible office model firsthand.
10 Disrupters: Leading in a Crowded Field
Realty Mogul's Jilliene Helman sees a bright future for crowdfunding in CRE.
The firm that?s arguably at the head of the class is Realty Mogul, headed by CEO and founder Jilliene Helman. Realty Mogul itself raised $9 million in venture capital. And since its launch it?s been sourcing deals and building its team. ?Many of the crowdfunding entities have done one or two deals,? Helman says. ?We?ve done 70.?
10 Disrupters: Not Chasing the Elephant
CBC Alliance?s Obie Walli seeks to carve a niche in crowded brokerage space.
The young commercial brokerage and property services firm CBC Alliance has made big strides by focusing on private investors and small to midsize commercial real estate companies in major cities.
10 Disrupters: Striving for Balance
Atalanta?s Jennifer Taylor seeks success in male-heavy CRE space.
Unlike many smaller platforms, Atalanta?s principals have both asset and property level management experience. Secondly, the firm is seeking to capitalize on the underserved Asian demographic and looking at markets, namely Hawaii, that are often overlooked by other players. Last but not least, three of the firm?s four founding principals are women and the lone male is Asian-American, making the company stand out in an industry that is heavily dominated by white men.
10 Disrupters: Individuals Who are Charting the Future of Commercial Real Estate
When people talk about commercial real estate, they often think of it as a steady business dominated by the ?five major food groups?: multifamily, office, retail, industrial and hospitality. It?s supposedly a simple, straightforward sector. It?s an asset class that delivers income and some appreciation in property values. And it?s an overall safe investment. Yet beneath the surface, the industry is transforming in many ways. Players rise and fall. New tactics emerge. The use of technology can affect funding and financing. In other words, there are always disruptions taking place. Here we profile 10 disrupters (actually 11, since one profile is of the two principals of one firm).hese disrupters include some familiar names and some new ones. They underscore key trends?urbanization of retail, crowdfunding, microapartments and the reemergence of CMBS, to name a few.
Preqin Special Report: Real Estate Fund Manager Outlook
In this special report, we provide insight into the future investment activity of private real estate fund managers and their views on the current market. We surveyed 100 fund managers on the most important factors affecting private real estate today.
10 Must Reads for the CRE Industry Today (July 17, 2014)
The Financial Industry Regulatory Authority has offered to give broker-dealers more time to comply with its proposed update to rules around nontraded REITs. The Empire State Realty Trust has completed the acquisition of ground and operating leases on two buildings in New York for a combined $734 million. The Real Estate Roundtable and real estate trade groups in the Commercial Properties Coalition last week filed the latest in a series of comment letters relating to efforts by the U.S. Environmental Protection Agency to regulate purported lead paint hazards. These are among today?s 10 must reads from around the commercial real estate sector.
Content Classification: Curated
What?s the Smart Move for PetSmart?
Recent activity has generated a lot of discussion within both the retail and investment community about PetSmart?s future. Experts say PetSmart?s management team has a lot of options.The question is: Which option will provide investors with the best value?
Six Places in the U.S. That Are Tough on Development
The ease with which a developer can move from vacant land or empty building to a whole new property varies from one location to another, depending on a particular place's economy, location, regulation and, well, quirks.
Institutional Investors Try Their Hand at Running Single-Family Homes
Overall, institutional investors bought approximately 368,000 single-family homes since 2011, according to housing data and analytics firm RealtyTrac. As recently as the beginning of 2012, no firm owned more than 1,000 single-family homes.
10 Must Reads for the CRE Industry Today (July 16, 2014)
LaSalle Investment Management has raised $1 billion this year to invest in real-estate assets in Asia. A closer inspection of the $700 million purchase of 24,700 square feet of retail space plus air rights at the St. Regis Hotel and a neighboring townhouse reveals hidden value. Ross Glickman and Ken Lombard Capri Capital Partners LLC, a Chicago-based real estate firm, said it launched a retail investment business and hired the ousted leader of Urban Retail Properties LLC to run it. Staples Inc. said it will end a pilot program with the U.S. Postal Service to set up mini-post offices in the company?s stores. These are among today?s 10 must reads from around the commercial real estate sector.
Content Classification: Curated
Greening the Construction Codes
This year, the International Code Council is considering changes for the 2015 edition of its green building code?the International Green Construction Code.
Sales Surge on European NPLs
Forget Wimbledon and tourist attractions such as the Roman Coliseum, U.S. investors are flocking to Europe to pursue lucrative opportunities in the non-performing loan (NPL) market.