- Why Starbucks CEO Howard Schultz Won’t Run for President “Earlier this week, there were reports that friends of Starbucks CEO Howard Schultz were encouraging him to enter the 2016 race for president as a Democratic candidate.” (Fortune)
- Apollo Buying Controlling Stake in Nicholas Schorsch's Real Estate Empire "Property mogul Nicholas Schorsch agreed to sell most of what is left of his real-estate empire to investment firm Apollo Global Management LLC, in a deal that gives the executive and some lieutenants the chance to earn nearly $900 million." (Nasdaq)
- German Lenders Are Racing Back Into the U.S. Real Estate Market “If you think New York’s summer has been hot, take a look across the ocean. Along with European temperatures reaching 100 degrees Fahrenheit, investors and lenders throughout the continent have been sweating over the economic turmoil there, which started in Greece.” (Commercial Observer)
- Stocks? Bonds? Gold? Most Americans Prefer Real Estate “With mortgage rates still near historic lows and rising home prices in the news nearly daily, more Americans are willing to forgo the stock market and invest in real estate.” (The Street)
- VEREIT Seeking as Much as $2.2 Billion of Property Sales “VEREIT Inc., the U.S. real estate company formerly known as American Realty Capital Properties Inc., intends to reduce its holdings by as much as $2.2 billion by the end of next year." (Bloomberg)
- Mapped: Harvard Says Rent’s Too Damn High “US renters can't afford to rent, a recent Harvard report reveals. Harvard researcher Dan McCue tell us newer construction is more costly to build and therefore built to a high-end segment. “In most markets, it’s near impossible to build new apartments at a level affordable for the typical renter,” he says. The report, highlighted by this cool interactive map, paints an ugly picture: 20.7 million households—49% of the entire rental market—feel burdened by rental costs.” (Bisnow)
- A More Granular Analysis Of REIT Performance During Rising Rate Periods “Last week, I decided to put together an article to provide my thoughts on what I consider to be a misconception as it relates to the impact on REITs and rising interest rates. Over the course of the last few months, I have replied to a steady stream of comments in which some investors appear to be getting more fearful over the eventual rate liftoff. I'll reiterate my position as it relates to REIT investing today.” (Seeking Alpha)
- U.S. Bank Lends Vornado a Hand in Manhattan “Vornado Realty Trust has completed a $580 million refinancing of 100 W. 33rd St. in New York City – the second refinancing in the last three years for the 1.1 million-square-foot office and retail property that features one of the few malls in Manhattan.” (Commercial Property Executive)
- America's Top 10 College Towns of 2015 Revealed “According to Livability.com's newly released Top 10 Best College Towns of 2015, where you want to live as a student is becoming a growing influence to which college students want to attend as the subject matter they want to study.” (World Property Journal)
- Helmut Jahn Designing Tower Planned for South Michigan Avenue “Chicago architect Helmut Jahn, whose local works include the United Airlines terminal at O'Hare and the Ogilvie Metra station downtown, could soon put his stamp on the South Loop.” (Crain’s Chicago Business)
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