Global Real Estate Monitor
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Estate - Produced by National Real Estate Investor Magazine May 2008 VOL. 2    

Archives    
 
In This Issue
>   Gloom, Not Doom:
Retailers Suffer Alongside Consumers
>   Plain Green Shells:
Retail Goes Green
>   Company Profile:
Edens & Avant Mixes it Up
Briefs
>   Investment Notes
>   Foreign Exchange
>   Did You Know?
 


 


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Gloom, Not Doom:
Retailers Suffer Alongside Consumers

As the entire U.S. struggles with a weak economy, residential slump, credit crisis and an upcoming presidential election, Americans must grapple with increasing unemployment, higher food and gas prices and restricted access to credit.

These factors have created a very challenging environment for retailers and caused retail real estate fundamentals to soften. Retail property values are also showing signs of softening, which could create some interesting opportunities for investors later this year and into 2009. Read Article...

Plain Green Shells:
Retail Goes Green

Late last month, Phoenix-based Vestar Development Co. launched GreenStar, a commitment to develop millions of square feet of sustainable retail space. Vestar, along with a handful of other retail developers and owners including Forest City Enterprises, Regency Centers Corp. and Related Urban, are pioneers of the green building movement.

"There is far more momentum for green building retail today than there was even a year ago," says Mark Peternell, vice president of sustainability with Jacksonville, Fla.-based shopping center REIT Regency Centers. Read Article ...

Company Profile:
Edens & Avant Mixes it Up

This fall, Edens & Avant plans to break ground on the Mosaic District, a 1.8 million-square- foot, mixed-use project in suburban Washington D.C. The $200 million project is by far the largest and most ambitious development the Columbia, S.C.-based company has ever taken on. It also is evidence of Edens & Avant's evolution from a developer and owner that invested in grocery-anchored shopping centers into one that invests in urban infill locations and mixed-use projects. Read Article ...
Briefs

Investment Notes

GE Real Estate recently formed a Global Investment Management division and named Joe Parsons as President and CEO.

In his new position, Parsons will provide the strategy to lead all of GE Real Estate's global Investment Management activities and to leverage its equity investing expertise to deliver returns that meet or exceed the expectations of global investors. GE Real Estate generated $18 billion in investment programs for GE in 2007. More...

Foreign Exchange

European investment activity continued to slow during the first quarter 2008 as the credit squeeze impacted transaction volumes. European investment turnover totaled €37 billion in the first quarter 2008, compared with €58 billion in the final quarter of last year, according to CB Richard Ellis Group Inc. More ...

Did You Know?

India is the most sought-after emerging retail market in the world, with 27 percent of retailers surveyed either opening stores or actively planning to do so in that country, according to Global Emerging Markets Survey, a new report from CB Richard Ellis. More ...

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