- With Tax Law Changes, Foreign Investment Could Take Off “The American apartment market has seen a dramatic rise in the influx of foreign capital over the past decade. But the panelists on the ‘Across the Universe - Where Is the Capital Coming From?’ panel at National Multifamily Housing Council’s Apartment Strategies Conference expect an even bigger infusion if policymakers address tax law.” (Multifamily Executive)
- Forecast: Increasing Competition for DC Sites Closest to the Most Customers “Rapid omnichannel growth from retailers with an adapting supply chain environment are among the driving forces of change in 2015. Following the biggest Cyber Monday ever, retailers and e-commerce companies continue to engage in a heated battle for the biggest distribution center facilities in locations close to large populations.” (Chain Store Age)
- Hotel Room Rates May Be Hiked “Aggressively,” Forecaster Says “Hotel owners across the U.S. are expected to be told later Monday they should be able to "aggressively" raise room prices this year, with one consultancy already forecasting the national average room rate to rise 5.4 percent.” (CNBC)
- $12.6B: NYC Multifamily Dollar Volume in 2014 “The dollar volume of New York City multifamily sales in 2014 skyrocketed to nearly $12.6 billion, according to a year-end report from Ariel Property Advisors. Volume increased by 39 percent from $9.1 billion in 2013.” (The Real Deal)
- Comparing America’s 3 Largest Long-Term Care Facilities Companies “There will be a huge demand for space in such facilities in the very near future. For years, there has been talk of the potential effects Baby Boomer retirees will have on the healthcare system and eventually on the need for assisted living facilities and nursing homes. Now it's here and we are about to see how it will play out.” (Seeking Alpha)
- Retail Developers Will Take a Step Back This Year “Demand for retail space has rebounded in the Chicago area, but being a retail developer still isn't what it used to be. Developers and retailers are expected to complete nearly 2.1 million square feet of shopping center space in the region this year, according to a new forecast from Oakbrook Terrace-based Mid-America Real Estate.” (Crain’s Chicago Business)
- Markets to Watch for Multifamily Growth “From the Northeast to the West, panelists at NMHC’s Apartment Strategies Outlook Conference last week gave an overview of where the hot spots are and where rent growth is cooling for apartments.” (GlobeSt.)
- Uniqlo Goes Where Others Have Been Burned: Canada “Uniqlo, the Japanese clothier and retailer, is jumping into Canada with a plan to avoid some of the problems that have bedeviled other retailers who have tried their luck in the Great White North.” (Fortune)
- Vulcan Trades Prominent Washington State Office Complex “Vulcan Real Estate has sold the Sammamish Park Place office complex, a 20-acre property consisting of three 5- and 6-story office buildings, in Issaquah, Wash., to Talon Private Capital for $128.25 million.” (Commercial Property Executive)
- Drones Could Get Expanded Role in Real Estate “Currently, commercial use for drones — including real estate marketing — is prohibited unless an exception is issued by the Federal Aviation Agency (FAA); recreational or hobby use is allowed under certain conditions, the most notable of which is that the craft must be flown within visual line sights of the operator and not more than 400 feet above ground.” (The Washington Post)
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