National Real Estate Investor
H&M's Now the Filling in the Classic Retailer Sandwich: Gadfly
Hennes & Mauritz has joined the ranks of the squeezed middle. Sales growth excluding currency movements slowed to just 1 percent in September, the lowest rate of expansion for more than a year.
Manhattan Luxury Rent Prices Are Growing at Their Slowest Pace Since 2010
According to a new report from listings website StreetEasy.com, rental prices are rising much more slowly than in recent years, with luxury apartments leading the slump.
Impact of Large Chain Store Closures on Retail Rents
The data shows that of the bottom 10 metros with the sharpest decline in rent growth, nine had a store closure of some kind and three metros had closures representing more than 1 percent of total inventory.
10 Must Reads for the CRE Industry Today (September 30, 2016)
Germany has no plans to bail out ailing lenders such as Deutsche Bank, according to Fortune. Private equity firms have no interest in purchasing any of the 1,000 stores Walgreen's plans to sell to acquire Rite Aid, Chain Store Age reports. These are among today's must reads from around the commercial real estate industry.
Tight Market Ensures Rents for Life Sciences Space Keep Climbing
A lack of quality office and laboratory space, combined with outsized demand, is pushing rents higher in a sector already struggling with rising labor costs.
Office Developers Size Up Suburban Markets for Spec Development
With construction cranes crowding the downtown skylines in the San Francisco Bay Area, New York City, Seattle and other large CBDs, office developers may do well to branch out into markets and submarkets.
10 Must Reads for the CRE Industry Today (September 29, 2016)
China?s real estate mogul Wang Jianlin warns of the ?biggest bubble in history.? Detroit?s housing market is on the mend, according to CNBC. These are among today?s must reads from around the commercial real estate industry.
Sears, Claire?s at High Risk of Retail Failures, Fitch Says
Sears Holdings Corp., Claire?s Stores Inc. and Nine West Holdings Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings.
Sam Zell Sees Limited Investment Opportunities in the Future
?Our whole world was built based on the assumption the pie would grow. Nobody has come up with a solution as to where that growth will come from,? Zell said.
Toys ?R? Us Plans a New Strategy, Child?s Play Included
Future stores will operate in much smaller footprints?about a quarter of the current average unit size of 40,000 sq. ft., according to media reports.
Runaway Home Prices Ebb in U.S. West as Weary Buyers Push Back
With job growth still robust, house hunters are pushing outward from core cities to get more for their money.
Toys R Us Prepping $500 Million CMBS Offering on 123 Stores
Toys R Us Inc., which operates 875 stores in the U.S., is preparing to refinance a big chunk of those stores in the CMBS market looking to raise up to $512 million.
U.S. Commercial Real Estate: A Favorite among Foreign Investors
The real story lies in the steady growth of overseas investment in small- to mid-balance commercial real estate transactions.
Crowdfunded REITs Gain Momentum
Fundrise isn?t the only crowdfunding firm that is trying to capitalize on that growing investor appetite. RealtyMogul launched its first crowdfunded REIT, MogulREIT I in August.
Blackstone?s Baratta Says Now Is Most Treacherous Time Ever
The firm is still selling more assets than it?s buying, according to President Tony James.
10 Must Reads for the CRE Industry Today (September 28, 2016)
Low interest rates have created a housing bubble in gateway markets, according to The Wall Street Journal. Related, Vornado and Skanska won the redevelopment bid for New York's future Moynihan Station, which will cost $1.6 billion, The Real Deal reports. These are among today's must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (September 27, 2016)
A German asset management firm is creating a real estate fund targeting $1 billion worth of U.S. apartments, reports Commercial Property Executive. Outstanding multifamily mortgage debt hit $1.09 trillion dollars in second-quarter 2016, according to World Property Journal. These are among today's must reads from around the commercial real estate industry.
Private Equity Lenders Have Increased Appetite for Bridge and Mezzanine Deals
According to the Preqin?s Real Estate Spotlight 2016 report, 18 percent of private real estate investors are targeting debt strategies in the next 12 months, up from 10 percent a year ago.
Some Apartment Managers Willing to Partner with Airbnb?for a Price
The program reveals to apartment managers what home sharing is going on in their own buildings and effectively allows them to set some limits.
West Elm Will Open Hotels as the Mall Loses Allure for Retailers
West Elm, the housewares brand owned by Williams-Sonoma Inc., is the latest retailer to look outside the mall for growth.
Meadowlands Mega-Mall Wins Bond-Market Subsidy It Long Coveted
New Jersey is on the brink of realizing the American Dream -- if the definition is a mega-mall in the middle of a marsh.
10 Must Reads for the CRE Industry Today (September 26, 2016)
Chinese developers are backing construction of mega-towers in L.A., Los Angeles Times reports. The Street looks at Marriott's next steps following its Starwood acquisition. These are among today's must reads from around the commercial real estate information.
Reduce Risk of Downturn Exposure by Focusing on the Expense You Can Control: Energy
When it comes to investing in energy management, protecting your portfolio from cycle swings and providing additional NOI to investors, those who hesitate to invest will be less competitive over time.
Five Trends Affecting Commercial Real Estate: Looking Ahead to 2017
The fact that the recovery was so protracted leads me to believe that we may have another two years left in the current growth cycle.
Finish Line Shows the Benefits of Closing Stores: Gadfly
The athletic-wear retailer has closed 55 locations in the past 18 months, taking its store count from 640 to 585.
Toys ?R? Us Negotiates $88 Million Mezzanine Deal for Propco II
Toys ?R? Us Inc. received a tentative offer for an $88 million financing deal that requires the toy retailer to raise as much as $512 million in the commercial mortgage-backed securities market.
10 Must Reads for the CRE Industry Today (September 23, 2016)
Business Insider looks at the 20 U.S. markets where properties sell fastest. 7-Eleven's parent company plans to more than double the number of U.S. stores, aiming for 20,000 locations, Chain Store Age reports. These are among today's must reads from around the commercial real estate industry.
Chinese Investors Seek More U.S. Office Deals, Participate in New Developments
Much of the Chinese property spending here has gone into residential real estate, but in the past five years, office buildings have come to these investors? attention.
M&A Activity among Brokerage Firms Slows Down
Smaller family firms are on the radar of big brokerage players and these companies are willing to pay substantial amounts for the smaller brands.
MetLife, Norges Bank Venture Buys Washington Office Complex
A joint venture of MetLife Inc. and Norges Bank Real Estate Management purchased the Constitution Square Three and Four office buildings in Washington, a deal marking the fifth U.S. investment for the partnership.