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FEBRUARY 18, 2020

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Retail

Market by Macy’s Concept Could Benefit Retail REITs That Specialize in Lifestyle Centers

By John Egan, Contributing Writer

On Feb. 6, department store giant Macy’s debuted its Market by Macy’s format at a lifestyle center in Southlake, Texas, a Dallas-Fort Worth suburb. The boutique-style store, measuring 20,000 sq. ft., features a curated, ever-evolving collection of merchandise, a beauty shop, a café and bar, and community-oriented events.

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Commentary

Viewpoint

Forgotten Buildings Can Save San Francisco From the Housing Crisis

By Jim Farris

Hypothetically speaking, it's possible to find a rental unit that offers a short commute, an affordable monthly rent and high-quality living experience. But in San Francisco, the odds of a middle-income professional finding a home that checks all three boxes are slim to none. Over the past decade, the city’s vacancy rate has dropped from a respectable 6.97 percent to a shockingly low 2.66 percent in 2016, leaving would-be residents facing the rising prices of an increasingly constrained market.

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Podcast

NREI's Common Area: Episode 28

NREI Staff

In this episode of the Common Area podcast, David Bodamer discusses the recent mega-merger between Simon Property Group and Taubman Centers. David explores the early days of the retail mall industry, the past rivalry between the two firms and what circumstances finally brought these two firms together. 

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Sponsored

Critical Updates to ILPA Principles

Sponsored by Bryan Cave Leighton Paisner

Unprecedented expectations around transparency.

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NREI Wire

Pier 1 Files for Bankruptcy, Seeking Time to Sell Troubled Chain

Bloomberg

The Fort Worth, Texas-based retailer is in talks with multiple potential buyers.

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Berlin’s Top Office Landlord Sees Warsaw as Next Big Thing

Bloomberg

That trend is most visible in Warsaw, whose flat terrain and heavy destruction in World War II left ample room for new high-rises.

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Five Must Reads for the CRE Industry Today (Feb. 17, 2020)

NREI Staff

Fortune profiles Blackstone’s rise to become the world’s largest commercial real estate company. Seeking Alpha analyzes the recent performance of REIT stock prices, which have seen a boost thanks to some high-profile merger announcements and a strong earnings season to date. These are among today’s must reads from around the commercial real estate industry.

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