NREI Weekender | | |
| Finance & Investment |  | | | | By Beth Mattson-Teig, Contributing Writer | | Property values have surpassed 2007 highs, and gateway markets in particular have experienced significant cap rate compression. Fundamentals have not fallen off a cliff by any means, but growth is slowing, notes Tammy Jones, CEO of Basis Investment Group LLC, a multi-strategy commercial real estate investment platform. “Most of the fund managers at this point of the cycle recognize that we are at a stage where the yellow lights are flashing and it is definitely a time for caution.” FULL ARTICLE |
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| Industrial | | | | By Patricia Kirk, Contributing Writer | | Industrial and multifamily are currently the most popular commercial property types among investors, notes Mark Glagola, senior managing director of Transwestern’s Mid-Atlantic capital markets group. “There’s lots of money looking for a home, and all types of investors are allocating more to industrial real estate than ever before,” he says. FULL ARTICLE |
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| Retail | | | | By Liz Wolf, Contributing Writer | | Simon is testing Shop Premium Outlets, or SPO, to help beef up traffic and sales—both online and in stores—at its outlet malls across the country. The Indianapolis-based REIT is in beta-testing with its VIP Shopper Club, which has about 4 million members nationwide, and plans a complete public rollout in the upcoming months. FULL ARTICLE |
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| Multifamily | | | | By Bendix Anderson, Contributing Writer | | Young people are still the most important tenant demographic for the apartment sector, particularly for the class-B properties where many millennials sign their first leases. However, those young people who can form their own households have to strain their budgets to pay their rents. Financial stresses, including relatively low wages and high student loan debt, still keep many young people living with their parents or doubled up with roommates. FULL ARTICLE |
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| Finance & Investment | | | | By Elaine Misonzhnik, Executive Editor | | April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings. Trepp reported that the overall delinquency rate registered at 2.82 percent, six basis points down from March and 154 basis points down from a year-ago period. Fitch data showed that the delinquency rate fell by five basis points since March, to 2.03 percent in April. FULL ARTICLE |
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| Retail | | | | By Sebastian Obando, Staff Writer | | Higher acuity care, traditionally provided in hospital settings, is a growing opportunity in the retail environment, particularly as baby boomers age, according to research from real estate services firm JLL. The U.S. population over 65 years old is projected to more than double from 2015 to 2060, from 48 million to 105 million. This age group requires more higher acuity and frequent care and spends five times more on annual medical expenses than the average patient. FULL ARTICLE |
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| Alternative Properties | | | | By Guy Lindsey and Nicholas Plasencia | | Most every hotel transaction, especially for branded properties, will trigger a mandated, formal property improvement plan, making it an important initial step in valuing the asset. The PIP provides a renovation scope and timeframe that a hotel buyer must implement following a change of ownership. In recent years, PIP expenditures have increased greatly, rendering an outsized impact on sale proceeds. FULL ARTICLE |
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| | | Bloomberg | | Elizabeth Warren and Alexandria Ocasio-Cortez have criticized Eddie Lampert o for going back on his pledge to give employees severance pay. FULL ARTICLE |
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