10 Must Reads for the CRE Industry Today (April 2, 2015)

10 Must Reads for the CRE Industry Today (April 2, 2015)

 

  1. Why REITs Belong in Your Retirement Portfolio “Almost everybody understands the attraction of investing in real estate; "the family home" is often the best long-term investment many households ever make. But long-term investors can easily benefit from another kind of real estate via securities known as real-estate investment trusts or REITs.” (Market Watch)
  2. CS&L Said to Seek $3.65 Billion in Debt for Windstream Spinoff  “Communication Sales & Leasing Inc. is seeking $3.65 billion in financing as it’s spun off from Windstream Holdings Inc. and moves toward becoming a publicly traded real estate investment trust.” (Bloomberg)
  3. REITs That Can Weather a Rising Rate EnvironmentRising interest rates could be a major valuation headwind for REITs, so investors should focus on moaty landlords with good growth prospects and attractive relative valuations.” (Morning Star)
  4. Omni Nashville Hotel Attracts Financing “Eighteen months after completing the $250 million development of the Omni Nashville Hotel in Nashville, TRT Holdings has just secured financing for the 800-key property from Prudential Mortgage Co.” (Commercial Property Executive)
  5. Kushner Grabs 16-Building Multi-Family Portfolio “Kushner Cos. has acquired a 16-building, 291-unit portfolio of Manhattan and Brooklyn multi-family walk-up properties from a joint venture between Stone Street Properties and HIG Realty Partners for $131.5 million.” (Commercial Property Executive)
  6. RadioShack Survives Bankruptcy with 1,743 StoresIn what may be a tale of survival to rival the PT 109 ordeal of John F. Kennedy, RadioShack Corp. will exit Chapter 11 bankruptcy with some 1,700 stores intact.” (Chain Store Age)
  7. An 'Asian Whole Foods' in Works for Chinatown “A group of Chinatown investors wants to build a big supermarket in the South Side neighborhood that would put an Asian spin on the Whole Foods model.” (Crain’s Chicago Business)
  8. Manhattan Reports Rising Office Vacancy Rates, First Time in a Year “According to JLL, despite strong leasing activity in the first quarter of 2015, vacancy rates increased throughout Manhattan. The city witnessed negative absorption for the first time since the first quarter of 2014 as a number of large blocks of space were put back on the market.” (World Property Journal)
  9. February Construction Spending Inches Down “Outlays for U.S. construction projects decreased 0.1% in February to a seasonally adjusted annual rate of $967.2 billion, led by the public sector, the U.S. Commerce Department reported Wednesday.” (Market Watch)
  10. Buying Apartment Buildings in New York and Beyond in a Strategic Bet “When Luis Rinaldini, co-founder of Groton Merchant Bankers, wanted to add New York apartment buildings to the firm’s investment portfolio in 2010, he took a chance on two young college graduates to make it happen.” (New York Times)
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