NREI Weekender | |
Office | | | By Patricia Kirk, Contributing Writer | A new study from real estate services firm Cushman & Wakefield (C&W) offers insights into which industries and markets will continue to grow regardless of a real estate correction. The 17 MSAs classified as “All Stars” and “Overachievers” are likely to remain the best performers in the long term. FULL ARTICLE |
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Multifamily | | By Bendix Anderson, Contributing Writer | Lawmakers just re-wrote the rulebook for rent regulation in New York State. “It will affect values,” says Shimon Shkury, president of Ariel Property Advisors, a commercial real estate advisory firm. “We are re-evaluating many buildings—re-evaluating what it is reasonable for investors to expect.” Nearly one million apartments are affected by the new laws, which makes it much more difficult to substantially raise rents for rent-regulated units. FULL ARTICLE |
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Retail | | By Sebastian Obando, Staff Writer | Retail landlords need to adapt to tenants increasinglty employing omni-channel sales formats, according to industry insiders. FULL ARTICLE |
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Office | | By Patricia Kirk, Contributing Writer | Older office buildings with high vacancies often suffer from lack of access to mass transportation or require significant infusions of capital to compete for tenants in today’s market. Landlords struggling with low occupancy may want to consider converting older office buildings to uses with higher demand for the location, including housing, hotels, schools, retail, start-up incubators, industrial facilities or even urban gardens. FULL ARTICLE |
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Finance & Investment | | By Beth Mattson-Teig, Contributing Writer | President Trump’s ambitious campaign promise to spur more than $1 trillion in infrastructure spending unleased a wave of excitement among investors and developers. More than two years later, investor groups are still in “wait and see” mode, with a growing amount of dry powder on the sidelines. FULL ARTICLE |
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Retail | | By Liz Wolf, Contributing Writer | The deal could allow Hudson’s Bay shareholders, spearheaded by Executive Chairman Richard Baker,to continue the company’s turnaround efforts without the scrutiny and pressure of the public markets. FULL ARTICLE |
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| By NREI Staff | Seizing Their Chance: Smaller Banks Are Picking Up Market Share in CRE Lending. Read this story and more in NREI's June 2019 issue. READ MORE |
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Retail | | By Richard Birdoff | Store closures are an all too common occurrence nowadays, with announcements hitting the news cycle on a semi-weekly basis. Mass closings by household names like Victoria’s Secret, Gap, and J.C. Penney have raised concerns amongst developers that traditional retail centers are in danger of extinction as e-commerce gains steam. Fortunately, the outlook isn’t nearly this pessimistic. In fact, these empty boxes unlock potential for new e-commerce concepts and alternate uses and could be leading us towards a whole new era of bricks-and-mortar retail. FULL ARTICLE |
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Multifamily | | By Scott Wickman | For the last several years, developers have been pushing the envelope in terms of physical amenities and coming up with new and innovative features that make their communities stand out amongst the competition. That is, until recently. Today, we are seeing a shift among developers and property owners away from the physical amenity war that’s been going on for the last several years to a focus now on services. FULL ARTICLE |
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| Bloomberg | The owner of Legoland theme parks aims to go private in a $6.1 billion buyout, seeking to invest more in worldwide expansion and attract new fans of the plastic bricks in markets such as China. FULL ARTICLE |
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