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MARCH 12, 2019

Top Story

Finance & Investment

Some CRE Investors Switch Up Strategies as They Weigh Risk

By Kerry Curry, Contributing Writer

Executives at Northwestern Mutual  have a contrarian strategy. They see an opportunity to buy retail at a moment when retail assets can be under-valued, so the company would like to make some “select acquisitions across the country” with an investment partner, according to Kevin Westra, regional director for the central region of Northwestern Mutual Real Estate.

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Analysis

Multifamily

Co-Living Trend Gets Interest and Money from Investors

By Sebastian Obando, Staff Writer

Demand for co-living units is greatest in dense urban areas such as New York, Washington D.C., San Francisco, Los Angeles, Seattle and other cities with high housing costs. And though the co-living trend is not expected to spread across the country into smaller markets, investor demand for co-living properties remains very high in these areas.

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Commentary

Multifamily

Why U.S. Apartment Rentals Will Continue to be a Good Investment Choice

By Tim Wang and Julia Laumont

A major and unprecedented structural shift has occurred in the real estate market due to a variety of demographic and socioeconomic factors. Occupied U.S. rental apartment units rose by 20 percent above the prior 10-year period. Real estate investment managers’ allocations to institutional-quality multifamily product have risen on the ongoing strength in property fundamentals.

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NREI Wire

Hudson Yards Asking Top Dollar for Offices at Rivers' Edge

Bloomberg

Hudson Yards, one of Manhattan’s more inaccessible office locations, is quickly becoming its most expensive as its developers rewrite real estate’s most-enduring axiom. “It used to be location, location, location; today it’s called place, place, place,” said Thomas Birnbaum, president of NYC Realty Advisors.

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Tesla Stores Start to Re-Open After U-Turn on Retail Strategy

Bloomberg

Tesla Inc. stores that closed earlier this month in a hasty move that surprised employees, customers and Wall Street are already starting to re-open.

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10 Must Reads for the CRE Industry Today

By NREI Staff

Potential rent increases at biotechnology and other life-science buildings are attracting more large property investors, according to the Wall Street Journal. A tax on second multimillion-dollar homes in New York edges closer to reality, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.

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