While family offices grasp the value of commercial real estate as an investment and continue to include such properties in their portfolios, they’re not always undertaking thorough due diligence, The Family Office Real Estate Magazine says in a report based on findings from its recent survey of family offices.
Global industrial owner Prologis and private equity giant the Blackstone Group have been aggressively acquiring industrial real estate portfolios over the last year. The acquisitions should provide them with benefits including operational efficiencies and expanded tenant relationships, especially with e-commerce giants like Amazon, notes Al Pontius, senior vice president and national director, office, industrial, healthcare and special asset services, with brokerage firm Marcus & Millichap.
Glenn Rufrano, VEREIT CEO, has developed a reputation for being a first-rate turnaround specialist. An exclusive NREI study finds investors' outlook for the multifamily sector gets stronger. Read these and other stories in NREI's July 2019 issue.
Take a stroll down Manhattan’s Fifth Avenue, one of the most famous shopping thoroughfares in the world, and you’ll find the emptiness hard to ignore. New York’s vacant storefront epidemic doesn’t end there: Walk one block east to Madison Avenue, and nearly 30% of all shops are available for rent, according to a report by brokerage Cushman & Wakefield.
The U.S. homeownership rate fell to the lowest level in more than a year as rising prices and a tight supply of starter homes put buying out of reach for many renters.
Amazon may strike a lease for office space at the former Lord & Taylor flagship in New York, reports the Wall Street Journal. MarketWatch looks at where 2020 presidential candidates stand on affordable housing. These are among today’s must reads from around the commercial real estate industry.
