NREI Daily
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SEPTEMBER 19, 2019

Top Story

Retail

Subscription-Based Retailers Getting in on Physical Store Action

What do Birchbox, Adore Me, Rent the Runway, Frank & Oak and Fabletics all have in common? Yes, they’re all digitally native brands, but more specifically, they’re subscription-based retailers that are counting on their built-in customer base and name recognition to open bricks-and-mortar stores across the country.

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Commentary

Finance & Investment

The U.S. Commercial Real Estate Market Remains Strong Despite Global Economic Concerns

At the 2015 CCIM Institute’s annual conference Sam Zell, the founder and chairman of Equity International, discussed the sale of his multifamily portfolio with more than 23,000 apartments to Starwood Capital Group for $5.4 billion. He believed that it was an opportune time to sell his portfolio; and, many real estate professionals believed that he had sold at the top of the market, based strongly on his foresight in 2007 to sell his office portfolio before the market crashed. Obviously, taking profits off the table is a win, but were there more profits to realize? Since then, multifamily properties have continued their run, driving prices even higher and squeezing cap rates even more.

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5 Questions for Property Managers Evaluating AP Valuation

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NREI Wire

Korean Investor Group Acquires Stake in One AT&T Plaza in Dallas

A group of Korean investors has bought a stake in AT&T’s global headquarters.

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Blackstone Nears $2.9 Billion Deal for Great Wolf

The private equity giant is looking at buying the indoor water park operator for at least $2.9 billion.

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10 Must Reads for the CRE Industry Today

The New York Times looks at why the Federal Reserve decided to cut rates again. Airbnb plans an IPO in 2020, reports Reuters. These are among today’s must reads from around the commercial real estate industry.

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