NREI Weekender
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MARCH 16, 2019

Top Stories

Retail

First Look at The Shops at Hudson Yards

After receiving frenzied press coverage for the past two weeks, The Shops at Hudson Yards--a 720,000-sq.-ft. retail and restaurant component of the Related Cos. and Oxford Properties Group's massive Far West Side of Manhattan project--welcomed its first wave of shoppers on Thursday night during an opening party. NREI's initial impressions of the project were mixed. 

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Retail

No Relief for Retail Landlords as Store Closures Ramp Up Once Again

It’s only mid-March and already a slew of prominent retailers have announced thousands of store closures around the U.S. And the pace of closings isn’t expected to slow anytime soon. So far this year, 10 national retail chains have filed bankruptcy. “This phenomenon definitely hasn’t abated since last year in terms of retailers that are struggling,” says Ana Lai, senior director and analytical manager at S&P Global Ratings.

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Finance & Investment

Foreign Investors Will Likely Continue U.S. Buying Spree in 2019

Mega-deals helped spur foreign investment in U.S. commercial real estate to a near record level in 2018, and many are watching to see if that momentum can carry over into 2019. According to research firm Real Capital Analytics (RCA), cross-border acquisitions of U.S. commercial real estate surged to $94.9 billion last year, jumping 73 percent over the $55.3 billion reported in 2017 and nearly on par with the $100 billion recorded in 2015. 

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Analysis

Alternative Properties

“Mom-and-Pop” Manufactured Home Communities Might Be the Next Frontier for Investment in the Sector

As major real estate players target large manufactured home communities, other investors see opportunity for acquisition and growth among the smaller “mom & pop” properties." “Actually, it’s a pretty active market; you just don’t hear about it,” says industry consultant George Allen, a manufactured housing manager and emeritus member of the Manufactured Housing Institute.

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Finance & Investment

Some CRE Investors Switch Up Strategies as They Weigh Risk

Commercial real estate investors are considering new strategies to deploy capital in 2019 amid a backdrop of concerns over slowing growth, equity market volatility and trade disputes. Others are sticking with what’s worked in the past.

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Research

Office

Exclusive Research: Nearing the Top?

Although it has not been the star of this extended commercial real estate cycle, the office sector has delivered its fair share of strong performance and solid returns. Occupancy rates and rents rose, cap rates fell and development has been kept in check. But now, for the first time in the five years since NREI began its exclusive research gauging sentiment in the sector, cracks have begun to emerge. 

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Gallery

Charting the Growth of Renters Over the Age of 60

Recent research from RentCafe illustrates that with the average age of Americans creeping upward, the share of renters aged 60 or older has risen dramatically in the past decade in many cities.

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NREI Wire

The Future of Fashion Is a Rented Dress: Felsted & Halzack

HM and Express are among fast fashion chains looking at experimenting with apparel renting services to target selfie-focused shoppers.

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