REBusinessOnline

Gary Cohn Talks Economy, Trade, Term Limits at NIC Conference

CHICAGO — Gary Cohn, a Wall Street titan who served as chief economic advisor to President Donald Trump for more than a year, has a two-word solution to America’s broken political system: term limits. “We have to come to the realization that professional politicians are not what we need in this country. We have to get to term limits because the fact that politicians are governing for one purpose and one purpose only, which is re-election, and raising money from constituents is why we …

RED Capital: Mid-Atlantic Region 2018 Multifamily Performance Update

[caption id="attachment_215024" align="alignright" width="100"] Daniel HoganDirector of Research,RED Capital Group[/caption] As the real estate cycle enters the late innings, multifamily investors increasingly are seeking alternatives to high-cost coastal metros but remain unwilling to sacrifice the property market liquidity found in the primary markets. Many are finding the right balance of opportunity and liquidity in the Mid-Atlantic States, where cap rates are often higher than in the …

A Peek Behind the Industrial Lending Curtain

Mastering the puzzle of a successful commercial real estate loan requires more than due diligence on the borrower. To execute a solid loan transaction, shrewd originators make sure all of the existing pieces fit together — and consider how future pieces might fit into the equation. Beyond the Borrower While the history and financial health of a borrower are top concern for originators, there are many more factors at play. “Having a strong borrower is important, but it’s also …

Click and Collect: Retailers Expanding Store Pick-Up Options, Says Colliers Report

As e-commerce continues to grow, the number of consumers picking up online purchases in stores is increasing, according to a report by Colliers International. The share of consumers who say they regularly use “click and collect” purchasing has almost doubled over the past five years. According to the report, the percentage of consumers who say they regularly collect online orders from a physical store jumped from 17.2 percent in 2013 to 38.5 percent in 2018. There’s an additional …

InterFace Keynote Address: Panic Over E-Commerce’s Effect on Retail Real Estate is Full of Myths

NEW YORK CITY — News headlines such as “Retail Is Dead” have painted a picture of desolation and destruction for the current state of retail real estate in the United States. However, while e-commerce “is the most discussed, it’s also the most misunderstood,” according to Melina Cordero, global head of retail research for CBRE. Cordero’s remarks came during her keynote address at the InterFace Net Lease conference held on Wednesday, Oct. 3. The ninth annual event drew 265 real …

To What Degree Did Hurricane Florence Impact September Jobs Report? Economists Weigh In

The national unemployment rate fell two-tenths of a percentage point to 3.7 percent in September, the lowest level since 1969. That’s the same year that Apollo 11’s lunar module, Eagle, carrying U.S. astronauts Buzz Aldrin and Neil Armstrong landed on the moon. Employers added 134,000 jobs in September, according to the Bureau of Labor Statistics (BLS), well below economists’ expectations of 180,000. But the effects of Hurricane Florence that struck the Carolinas during the month, plus …

Mattress Firm Files for Bankruptcy Protection, Will Close Up to 700 Stores

HOUSTON — Mattress Firm has filed for Chapter 11 bankruptcy protection as part of the Houston-based retailer’s plan to restructure its balance sheet and ultimately close up to 700 stores across the country. The U.S. Bankruptcy Court in Delaware has appropriated approximately $250 million in debtor-in-possession financing to Mattress Firm to support the company’s operations during the Chapter 11 proceedings. Mattress Firm has also received commitments for $525 million of senior …

InterFace Panel: Technology Can Optimize Multifamily Lease Renewals

DALLAS — Multifamily development in the United States has been on a tear over the last five years, increasing competition for renters and making lease renewal rates a casualty of war. According to an August report from rentcafe.com, American multifamily developers delivered about 318,000 new units in 2017, more than double the deliveries from five years earlier. New multifamily construction between 2014 and 2016 averaged about 275,000 new units per year. That’s more than double the …

Communities’ Appetite for Food Halls Grows But Risks Abound, Says IEDC Panel

ATLANTA — Five years ago, there were about 30 food halls across the entire country. By 2020, Cushman & Wakefield predicts there will be 300. “I agree we have a lot of food halls coming,” said Jamestown president Michael Phillips. “In some regards it signals the end of the food hall.” The comments from Phillips came Monday morning during a panel discussion at the annual conference of the International Economic Development Council (IEDC). The four-day conference, which ends …

InterFace Panel Ponders How Mergers, Consolidations Will Impact Healthcare Real Estate

DALLAS — The past 12 to 18 months have seen a strong uptick in the number of mergers and consolidations among healthcare providers in the United States, and industry experts are still trying to figure out how this activity will impact cash flows, pricing and cap rates for healthcare properties. A recent report from the Health Research Institute at PricewaterhouseCoopers (PwC) identified 255 healthcare merger and acquisition deals in the second quarter of 2018 alone. That figure actually …

subscribe


Conferences