NREI Daily
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MAY 9, 2019

Top Story

Retail

Interactive Children's City KidZania Is Entering the U.S. Market and Taking Mall Anchor Space

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.

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Analysis

Office

The Office Sector Got Off to a Good Start in the First Quarter. But New Construction Is a Worry

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.

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NREI Wire

Trump's Tax Records Are Irrelevant, Fellow Developer Zell Says

Sam Zell says it’s not unusual for real estate developers to have huge deductions.

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Fannie-Freddie May Be Released Without Congress, Calabria Says

FHFA Director Mark Calabria says the agencies can be privatized even without Congress legislation.

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10 Must Reads for the CRE Industry

E-commerce is making its way into home buying, reports the New York Times. Manhattan’s luxury rental market is booming, according to Bloomberg. These are among today’s must reads from around the commercial real estate industry.

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