NREI Weekender | |
Retail | | | By Liz Wolf, Contributing Writer | KidZania, an indoor, interactive mini “city” run by kids that has locations around the world, is about to enter the U.S. market by taking large blocks of space in regional malls. “Most of the real estate that we’re looking at is [former] multi-level department stores,” and then KidZania will figure out how to repurpose the space, says Gregory Knoop, chief development officer, North America, for KidZania USA. FULL ARTICLE |
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Finance & Investment | | By Kerry Curry, Contributing Writer | CrediFi, a commercial real estate data/analytics firm that tracks lenders across the U.S., has recently released data that showed some slowdown in new loan originations across virtually every product type in 2018. NREIrecently talked with CrediFi CEO Ely Razin about his take on the latest stats on commercial real estate debt financing. FULL ARTICLE |
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Office | | By Patricia Kirk, Contributing Writer | With 110.4 million sq. ft. of new space under construction, according to JLL’s office report, and a slowing marketplace, leasing activity is unlikely to keep up with new office supply delivered over the next couple of years. As a result, vacancy is expected to rise, especially for older office product, as some tenants move to new office space. FULL ARTICLE |
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Industrial | | By Sebastian Obando, Staff Writer | Prices on industrial assets continued to rise, by 15 percent year-over-year to an average of $116 per sq. ft. As a result, many investors are starting to look at lower-cost secondary markets, according to Avison Young—with rising investment volumes in Greenville, S.C., Charleston, S.C., Memphis, Tenn. and Savannah, Ga. FULL ARTICLE |
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Alternative Properties | | By Bendix Anderson, Contributing Writer | With current market dynamices the way they are, grand old hotels are proving to be ripe candidates for renovation. Value-add investors are especially attracted to “full-service” or “upscale” hotels, which at the very least provide food and beverage service and often come with a full suite of amenities for guests like fitness centers, swimming pools and conference space. FULL ARTICLE |
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Office | | By NREI Staff | Across the nation, the top life sciences clusters are red hot. The markes boast low vacancy rates, sterling fundamentals and robust deal pipelines. Major leases continue to get signed and new lab space is under construction in most every market. CBRE earlier this year put together its outlook for the leading U.S. life sciences clusters. FULL ARTICLE |
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Finance & Investment | | By Carson Leonard | An often overlooked issue is the interplay of EB-5 financing with the requirements of a CMBS lender, where the developer, EB-5 investor and CMBS lender have objectives that are in conflict, at least initially. In particular, the EB-5 investor may seek decision-making and investment accrual rights not acceptable to CMBS lenders. FULL ARTICLE |
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