JUNE 21, 2019

Top Stories

Multifamily

Apartment Construction Boom Continues in Seattle, Putting New Strain on Occupancies

By Bendix Anderson, Contributing Writer

Construction cranes are looming over Seattle, casting a thicket of shadows over the apartment sector in the city. “Seattle has the most cranes in the sky of any U.S. city,” says Jared Kadry, senior market analyst with research firm the CoStar Group. As of January 2019, there were 59 cranes working in Seattle, according to the “Crane Index” kept by project management firm Rider, Levett and Bucknall.

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Retail

Can James Daunt Save Barnes & Noble from Oblivion?

By Liz Wolf, Contributing Writer

In an effort to breathe new life into Barnes & Noble, new owner Elliott Advisors is bringing in James Daunt, CEO of Waterstones, to run the company. Daunt is expected to use the same turnaround tactics for Barnes & Noble that he used for the once-struggling Waterstones, including re-investing in stores and empowering local bookselling teams, Barnes & Noble revealed.

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Industrial

Speed Bumps Ahead for Industrial Assets Don’t Diminish Investor Appetite

By Beth Mattson-Teig, Contributing Writer

Slowing economic growth, trade wars and a pipeline that is delivering new supply to the market may force investors to adjust return expectations for industrial properties, but it doesn’t appear to be putting much of a dent in buyer demand.

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Analysis

Office

Office Building Owners Are Entering the Co-Working Market with Their Own Brands

By Patricia Kirk, Contributing Writer

Office building owners that operate multiple locations have recently started launching branded, flexible office spaces across their portfolios, to provide tenants with collaborative workspaces and flexible terms—sometimes at more competitive rates than co-working operators.

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Multifamily

Smart Buildings Will Upend the Tenant Experience at SFR and Multifamily Properties, IMN Panelists Say

By Sebastian Obando, Staff Writer

Technology is set to overhaul the tenant experience at single-family rental (SFR) and multifamily properties, according to a panel held at the IMN RealTech Forum taking place in New York City this week. The panelists identified the following phases when technology can play a role: upgrading a property for a new tenant, finding new residents, moving in new tenants, doing regular maintenance and during move-outs.

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Commentary

Multifamily

The Continuing Case for Apartment Rentals

By Robert Brunswick, Contributing Columnist

Apartments have been the darling of real estate capital markets for the past seven-eight years. This deep into an outstanding run, some investors have begun to worry if the clock is approaching midnight for Cinderella. However, an examination of underlying demand dynamics suggests that the U.S. will require an extraordinary number of rental units over the next five to 10 years, even beyond.

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Alternative Properties

Who Will Meet the Seniors Housing Needs of Middle-Income Boomers?

By Beth Burnham Mace, Contributing Columnist

Baby boomers transformed society as they came of age—from free-thinking flower children to drivers of our economy. Now the oldest boomers are retiring and can expect to live significantly longer than their parents and grandparents. The progeny of the Greatest Generation is again on the verge of changing everything—this time, the way seniors are cared for and where they live.

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Digital Edition

Bopping Along

By NREI Staff

The outlook for publicly-traded REITs remains stable, smaller banks increase their share of commercial real estate lending. Read these and other stories in NREI's June 2019 issue.

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NREI Wire

Private Equity Retail ‘Abuses’ Spur Senator to Plan Legislation

Bloomberg

More calls are sounding to hold private equity firms responsible for the decimation of struggling retailers.

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