National Real Estate Investor
Danny Meyer on the Business of Bar Dining at the New Union Square Café
?Restaurants are real estate. In any restaurant, beverage sales have a higher profitability because you?re not manufacturing them, and the labor costs associated with pouring a glass of wine are less than a plate of food,? he explains.
10 Must Reads for the CRE Industry Today (December 2, 2016)
Starbucks CEO Howard Shulz is stepping down from his position to work on expanding the Reserve Roastery concept, according to The Wall Street Journal. Simon Property Group has planned future mall renovations totaling $1.9 billion in its stand to keep the mall relevant to retail, Fortune reports.These are among today's must reads from around the commercial real estate industry.
Why is Blackstone Moving Ahead with the Invitation Homes IPO Now?
In a recent report, researchers with real estate investment management specialist Amherst Capital Management estimated that U.S. single-family homes remain undervalued by about 5.0 percent.
Tax Reform, Omnichannel Strategies to Be Hot Topics of Discussion at ICSC New York
More than 502 companies will be exhibiting, according to an ICSC spokesperson, with over 11,000 registrants thus far. Last year, the show drew about 10,000 attendees.
New Wave of Tech Leases Boosts S.F. Office Market
The deals are evidence that growth is continuing despite cooling in the region's job market and political uncertainty.
Home-Flipping Startup Opendoor Said to Be Valued at $1 Billion
Silicon Valley's club of unicorn startups hasn't been growing as fast as it once was, and its newest member is unlike most of is venture-backed peers.
10 Must Reads for the CRE Industry Today (December 1, 2016)
Albertsons is in negotiations to buy Price Chopper, according to Reuters. Non-residential construction spending fell 2.1 percent in October, reports MarketWatch. These are among today?s must reads from around the commercial real estate industry.
Regency Centers/Equity One Merger an Outlier in the REIT World
The market should not expect to see a ramp-up in M&A activity in the sector.
Retailers Try to Extend Holiday Shopping Season, But Will It Make a Difference?
U.S. total store sales fell 4.2 percent during the Thanksgiving/Black Friday weekend compared to the same period in 2015 and store traffic dropped 4.4 percent.
Fannie Mae HQ Sold to Roadside Development, Japanese Partner
Roadside Development has partnered with North American Sekisui House to acquire Fannie Mae’s Northwest D.C. headquarters.
Weed Votes Are Already Boosting Warehouse Rents
The short history of legalized marijuana in the U.S. is rife with tales of tight supply and above-market leases.
Investment Sales Likely to Close Year at Slightly Lower Volume Than in 2015
Transaction volume for 2016 as of October totals $384.4 billion, down 12.0 percent year-over-year, according to RCA.
10 Must Reads for the CRE Industry Today (November 30, 2016)
Commercial real estate tech startups Hightower and VTS are merging in a $300 million deal, The Wall Street Journal reports. Kushner Companies says it plans to lend $200 million annually for five years to developers, according to The Real Deal. These are among today's must reads from around the commercial real estate industry.
Square Feet: Weyerhaeuser Moves Out of the Woods and Into Urban Seattle
The wood products and timberlands company shifts its 700 employees to new headquarters in the Pioneer Square district, in part because of the area's recruitment value.
Why Are Developers Still Pouring Billions Into Waterlogged Miami?
Michael Laas, currently chief executive officer of the Miami-based environmental consultancy Sustainable Futures Group, said that current Miami development should be viewed as a combination of wishful thinking, clear-eyed realism, and pressure for short-term profits.
10 Must Reads for the CRE Industry Today (November 29, 2016)
Sandeep Mathrani may be being considered for a post in the Trump Administration, according to The Tribune. Consumer confidence in November reached its highest point since the Great Recession, reports Business Insider. These are among today?s must reads from around the commercial real estate industry.
Commercial Building Continues Rise in Charlotte, Per Report
A recent report tracking commercial building permits across several Southeastern markets reflects a considerable uptick in both number and value in the Charlotte region.
How the Strategic Opening of Retail Stores Can Revitalize City Neighborhoods
Here are six snapshots of how the opening of retail stores dramatically upgraded Chicago neighborhoods that had fallen on lean times.
10 Must Reads for the CRE Industry Today (November 28, 2016)
Institutional investors continue to raise their real estate allocations, according to Pensions & Investments. Marriott will keep all 30 brands following its $13 billion acquisition of Starwood, The Real Deal reports. These are among today's must reads from around the commercial real estate industry.
Bargain Hunters Roil Retailers Looking for Black Friday Lift
Thrifty U.S. consumers carefully picked over Black Friday discounts during the four-day weekend, leaving retailers with less money in their registers and a lukewarm kickoff to the holiday season.
Camden Slowing Down Apartment Development
Ric Campo commented on Camden?s recent move to dispose of $1.2 billion in assets, which has allowed the company to renew and reposition its portfolio by investing in new development.
China to Curb Megadeals as Regulators Tame Record Overseas Spree
China is planning sweeping curbs on its companies? overseas acquisitions, including barring most foreign investments of $10 billion or more, people with knowledge of the matter said.
Chinese Developer to Build 690-Unit Condo Tower Near Honolulu's Ala Moana Center
A Chinese developer is building a 690-unit mixed-use condominium high-rise tower near Ala Moana Center and Walmart in Honolulu, which would become the eighth tower proposed for the city's growing Ala Moana-Kapiolani area.
Recent Income Growth Will Have Limited Benefits for CRE
Middle class households may be better positioned to cover their expenses, but they may not be increasing their spending on retail and recreation anyway, industry sources say.
10 Must Reads for the CRE Industry Today (November 23, 2016)
President-Elect Donald Trump has formally offered neurosurgeon Ben Carson the HUD secretary position, according to multiple outlets. Marriott is offering Black Friday room deals at 40 hotels, touting the move as a way for shoppers to stay near their "favorite" shopping destinations, The Street reports. These are among today's must reads from around the commercial real estate industry.
Office Heavy Hitter: 2016 a Year of 'Singles and Doubles,' Not Home Runs
It's been a challenging year for Houston's office brokers, no doubt. And Doug Little, senior managing director of Houston-based Transwestern, thinks the tough times might roll into 2017.
Mixing It Up: Getting Mixed-Use Retail Right
Creating successful mixed-use projects is a highly complex and nuanced initiative.
How Looming Tax Reforms Might Impact CRE Industry
The commercial real estate industry, and the country, could be on the verge of the first substantive tax reform since 1986.
10 Must Reads for the CRE Industry Today (November 22, 2016)
The probability of a December rate hike keeps rising, according to MarketWatch. CNBC looks at why it may be difficult to repeal Dodd-Frank. These are among today?s must reads from around the commercial real estate industry.
CRE Industry Weighs Impact of CA Supreme Court Decision In 'Dual Agency' Case
In a decision with potentially far-reaching impacts on how commercial and residential real estate brokerages do business, the California Supreme Court on Monday upheld a lower court ruling that a listing broker had a fiduciary responsibility to both the buyer and the seller in a "dual agency" transaction.