Commercial Real Estate
Top stories summarized by our editors
1/19/2018

Commercial real estate is well-positioned for 2018, with GDP growth expected to be in the 2% range and unemployment trending down to 4%, according to top economists Mark Zandi, Eva Steiner, Mike Fratantoni, Jim Costello and Kim Betancourt. "There are good reasons to remain confident about the US economy: real wage growth, falling unemployment and cheap credit represent an encouraging environment for consumption," Steiner said.

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REIT magazine
1/19/2018

Last year, more than $35 billion in commercial mortgage-backed securities loans were at risk of default due to retailers declaring bankruptcy, according to Trepp. However, the analytics firm sees positive signs in the retail industry, such as strong retail sales for the holiday season and the performance of Class A malls.

1/19/2018

Housing Partnership Equity Trust's focus is on preserving affordable apartment properties in areas experiencing robust economic growth. Since its launch in 2013, its portfolio has grown to more than 2,750 affordable homes.

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Nareit
1/19/2018

Seritage Growth Properties has not been greatly affected by Sears Holdings' store closures, as the REIT's portfolio contains only a small number of the 103 stores being closed. Sears Holdings' master lease with Seritage allows it to terminate only 20% of its Seritage leases in any given year, and Seritage has the right to redevelop and lease the space to new tenants that can pay higher rents.

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Fox Business
1/19/2018

The Trump administration is reportedly finalizing the details on its infrastructure plan, and its public debut is expected shortly. Sources say the plan will call for divvying up $200 billion in federal funds into four pools over 10 years, with the goal of attracting more than $1 trillion in state, local and private financing.

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Reuters
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Trump
1/19/2018

To replicate the process of pointing and clicking online, mobile retail technology company NewStore wants to place QR codes in brick-and-mortar stores to use for both in-store and online purchases. The consumer points their camera at a code in the store, and the corresponding item is added to an online shopping cart and paid for through Apple Pay or PayPal.

1/19/2018

Chief financial officers in other industries can learn a lot from the difficult retail landscape, writes Bloomberg Tax Technology's Ken Crutchfield, who adds that advanced technology is a key theme among successful turnaround efforts. Here, he looks at the restructuring process and tax implications that CFOs must overcome.

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CFO
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Bloomberg
1/19/2018

The San Antonio-area Katy Ranch Crossing development, a 750,000-square-foot property, has added PGA Tour Superstore, Floor & Decor, Glowzone and numerous other locations, getting it closer to being fully leased. The location has 40,000 square feet of big-box space left.

1/19/2018

With more accessible space, large shopping centers are turning to job fairs to bring people in. Oxford Valley Mall in Langhorne, Pa., recently saw 350 job-seekers attend a job fair that featured 1,000 openings and 40 employers.

1/18/2018

Amazon has announced the 20 finalist cities as sites for its second headquarters. The list includes Atlanta, Indianapolis and Washington, D.C.

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USA Today