The New York Times profiles the Durst family. Parkway Properties CEO Jim Heistand talks with REIT.com about the outlook for office properties and his firm’s plans. Marketwatch takes look at the success of the Atlantic Station project in Atlanta. These are among today’s 10 must reads from around the CRE sector.
Staples is ready to offer concessions to allay antitrust concerns in its proposed takeover of Office Depot, according to Bloomberg. New York REIT is seeking to sell itself, reports the New York Post. Workplace Trust bought a portfolio of 41 assets from Liberty Property Trust, according to GlobeSt.com. These are among today’s must reads for the commercial real estate industry.
Chain Store Age looks at Walmart’s growth plans. Seeking Alpha explores the influence of sovereign wealth funds and pension on REITs. Institutional Investor says commercial real estate is “percolating” but “not about to blow.” These are among today’s must reads from around the commercial real estate industry.
Developers, designers and contractors regularly describe their newer student housing projects as “resort-like,” with elaborate, if not arguably over-the-top, amenities that colleges and universities use as recruitment tools.
This spring, NREI conducted its first research survey measuring industry pros’ sentiments on the sector. What we found is that conditions are healthy and there is sentiment for continued improvement. But it’s also difficult to form a cohesive outlook for the sector at large. There are variances by region, asset type and asset quality. On balance, the picture remains rosy, but there are more concerns at the margins than on other property types for which we’ve conducted research this year.
Westfield’s new spinoff raises $2.9 billion through bond sales in Europe, reports Bloomberg. American Apparel’s board of directors, investor Standard General and ousted founder Dov Charney finally agree on a deal, according to The New York Times. PetSmart shareholders want to sell the company through a leveraged buyout before it incurs too much damage. These are today’s must reads for the commercial real estate industry.
Government-backed mortgage bonds are about to experience the biggest rally in four years, according to Bloomberg. Properties in bankrupt Detroit are attracting interest from national and international investors, reports TheStreet.com. The Port Authority of New York and New Jersey approves a deal to finance 3 World Trade Center with more than $150 million in insurance proceeds. These are among today’s must reads for the commercial real estate industry.
NREI's 2014 Multifamily Housing Survey gathered feedback on the outlook for the industry from 944 respondents, including real estate investors, developers, brokers, managers and other real estate professionals. Here, we offer a selection of responses in answer to this question: What are some of the biggest changes you’re seeing with managing apartment properties?