NREI Weekender | |
Multifamily | | | By David Bodamer, Editorial Director | The current real estate cycle is stretching into its second decade—with no clear end in sight. While there have been hiccups in some segments (we’re looking at you, retail), multifamily has been a rock. And despite being the favored asset type of many classes of investors, driving cap rates ever lower, the sector’s fundamentals have held up. To modify a phrase from Arrested Development’s George Bluth, there’s always money in multifamily. FULL ARTICLE |
| |
| |
|
Finance & Investment | | By David Bodamer, Editorial Director | The continued strength of commercial real estate as a sector, combined with the disciplined strategies of REIT management teams in recent years, has left publicly-traded REITs in a good position despite the overall maturity of the current cycle. There are few red flags about leverage, the quality of properties in REIT portfolios and investment activity, leading respondents to expect share price and total return growth for REITs for the balance of 2019. FULL ARTICLE |
| |
| |
|
|
| |
Retail | | By Liz Wolf, Contributing Writer | Research firm Reis Inc. reported that both the national average asking rent (at $21.39 per sq. ft.) and effective rent (at $18.73 per sq. ft.), which excludes landlord concessions, increased 1.7 percent in the second quarter 2019 compared with one year earlier. Reis reported that rents at regional malls were up 0.2 percent. FULL ARTICLE |
| |
| |
|
Alternative Properties | | By Sebastian Obando, Staff Writer | Foreign investors reduced buying activity in the U.S. hotel sector so far this year, according to industry experts. Cross-border net hotel acquisitions have “definitely been decelerating,” according to Matthew Schreck, senior quantitative strategist at Ten-X Commercial, a commercial real estate marketplace. Dispositions of U.S. hotel assets by international entities totaled around $607 million year-to-date in 2019, compared to $588 million in cross-border hotel acquisitions. FULL ARTICLE |
| |
| |
|
|
| |
Finance & Investment | | By John Egan, Contributing Writer | At the current pace, the REIT sector’s IPO activity in 2019 will likely fall short of the previous two years, says Justin Salon, corporate partner and co-chair of the REIT practice in the Washington, D.C. office of law firm Morrison & Foerster LLP. As Postal Realty Trust and Priam Properties have undoubtedly discovered, the IPO business is complicated, particularly given the myriad regulatory requirements. That helps explain why some REITs, like Priam Properties, put off IPOs, while others cancel them or never pursue them in the first place. FULL ARTICLE |
| |
| |
|
Finance & Investment | | By Kerry Curry, Contributing Writer | As this real estate cycle stretches out, the availability of financing for speculative development appears to be more constrained than during the last market peak, although opportunities continue to present themselves to investors betting on the growing e-commerce distribution sector. FULL ARTICLE |
| |
| |
|
Multifamily | | By Bendix Anderson, Contributing Writer | The U.S. government continues to confront its main trading partners on what it calls unfair trade practices, placing heavy tariffs on goods from these countries. These include tariffs on goods from China and on Canadian lumber, to name just two. Subcontractors have often responded quickly, raising their prices on the news of higher tariffs, even if the price they pay for materials remains relatively low. FULL ARTICLE |
| |
| |
|
|
| |
| By Eric Singer and Andrej Micovic | Residents of Miami, where we are based, need no reminder that South Florida is on the front lines of the battle against climate change—particularly during hurricane season. Many of the region’s municipalities have been proactive in prioritizing resiliency measures, but in the face of limited financial resources and uncertainty about what the future will bring—for example, just how high seas will rise, and when—we still have a long way to go to future-proof our infrastructure. FULL ARTICLE |
| |
| |
|
|
| |
| Bloomberg | As its performance on Wall Street suffers, Nordstrom’s biggest annual sale needs to prove it’s still a hit with shoppers. FULL ARTICLE |
| |
| |
|
|
| |
You are subscribed to this newsletter as newsletter@newslettercollector.com Questions or problems? Contact Customer Service NREI | Informa | 605 Third Avenue, 22nd Floor, New York, NY 10158 © 2019, Informa USA, Inc., All Rights Reserved . Privacy Statement | |
| |
|
|