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SEPTEMBER 27, 2019

Top Story

Retail

Would Simon, Brookfield Investment in Forever 21 Make Sense for Both Parties?

By Liz Wolf, Contributing Writer

Struggling fast-fashion retailer Forever 21 Inc. may be positioning itself for bankruptcy, but with a possible twist. Giant mall landlords Simon Property Trust and Brookfield Property Partners are reportedly in negotiations to acquire a stake in the ailing retailer. The move would mirror the strategy that the duo took with bankrupt Aeropostale three years ago.

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Analysis

Industrial

Inland Ports May Offer Industrial Investors Those Much-Coveted Higher Yields

By Patricia Kirk, Contributing Writer

Inland ports—multimodal facilities paired with distribution centers—are bustling with activity and may offer higher-yield investment opportunities than properties in some primary markets with compressed cap rates. “Promising long-term fundamentals and the critical role inland ports play in logistics are worthy of note,” says Jason Tolliver, managing director of investor services at real estate services firm Cushman & Wakefield.

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NREI Wire

Manhattan’s Historic Coca-Cola Building Sells for $955 Million

Bloomberg

The deal comes just a month after Nightingale Properties and Wafra Capital bought the property for $909 million.

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WeWork’s Cash Clock Is Running Down Quickly

Bloomberg

The company’s two newly appointed CEOs need to quickly figure out how to raise enough money by next spring.

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10 Must Reads for the CRE Industry Today

NREI Staff

Millennials ditch large U.S. cities for cheaper housing and better schools, according to the Wall Street Journal. Office owners could find themselves struggling to fill suddenly vacant space if WeWork reduces its footprint, reports the Dallas Morning News. These are among today's must reads from around the commercial real estate industry.

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