NREI Daily
Wealth Management FinTech
 

NOVEMBER 7, 2019

Top Story

Retail

Though a Buyout Deal for Walgreens Is Far from Certain, it Would Make Sense for the Retailer

Going private move would mean the company would step out of the public eye, not have to report to shareholders quarterly, and more easily adapt to the rapidly shifting retail environment, analysts note. Fierce competition from Amazon and other retailers has hurt Walgreens’ sales of household goods, beauty/care products and food-and-beverage items. The chain, like its main rival CVS Health, is struggling with changing consumer shopping habits and pressures on the pharmaceuticals business.

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Commentary

Finance & Investment

Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate

A flood of money is flowing into “hard” assets, including commercial real estate and gold, driving up prices of the former to levels that now can be viewed as overvalued. The result is a “low interest rate asset bubble.” If interest rates continue to fall, people will continue with this behavior and real estate values (and gold prices) will continue to rise. When, not if, interest rates revert to the mean, high real estate values will fall.

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Sponsored Content

Investor Sentiment Rises on Heels of Interest Rate Drop

Stability of real estate favored amid financial market volatility.

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NREI Wire

These American Cities Have Been Taken Over by Airbnb

Miami Beach has more Airbnb units per capita than any other market in the United States.

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NYC Luxury Developer Goes from Flair to Share in Co-Living Job

Simon Koster has jumped from JDS Development, a luxury condo builder, to co-living company the Collective.

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10 Must Reads for the CRE Industry Today

Banks are trying to keep physical branches relevant to customers, reports the Wall Street Journal. The New York Times looks at Essex Crossing on the Lower East Side, a mixed-use development. These are among today's must reads from around the commercial real estate industry.

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