Facing high valuations and heavy competition, REITs are not going wild with acquisitions. As 2019 nears an end, we’re getting a clear sense that many REITs—most notably those that are publicly traded—have been executing acquisition strategies this year that are more subtle than splashy.
A planned auction for bankrupt retail icon Barneys New York Inc. next week was canceled after a consortium led by entrepreneur Sam Ben-Avraham failed to place a qualifying bid.
The Trump Organization has hired JLL to market Trump International Hotel in D.C., reports the Wall Street Journal. The WeWork debacle could result in defaults in the CMBS sector, according to Fortune. These are among today’s must reads from around the commercial real estate industry.
