10 Must Reads for the CRE Industry Today (April 22, 2015)

10 Must Reads for the CRE Industry Today (April 22, 2015)

 

  1. Carson City Council Gives Unanimous Approval to NFL Stadium “The Carson City Council unanimously approved a privately financed stadium for the San Diego Chargers and Oakland Raiders on Tuesday night, barely two months after the public announcement of the $1.7-billion project.” (Los Angeles Times)
  2. Sears Hometown and Outlet CEO to Leave Aug. 1 “Sears Hometown and Outlet Stores Inc. said Chief Executive W. Bruce Johnson will leave the company Aug. 1, through mutual agreement with the company. The departure announcement follows a quarter of disappointing results, as sales dropped 6.7% and the company swung to a loss during the holiday quarter.”  (Wall Street Journal)
  3. U.S. Single-Family Landlords Are Raising Rents, CEOs Say “The largest U.S. single-family home landlords plan to raise their rents as much as 5.7 percent this year as they shift focus from buying properties to boosting their bottom lines.” (Bloomberg)
  4. Prologis-KTR Deal Underlines Industrial StrengthThe planned purchase of the real estate assets and operating platform of KTR Capital Partners and its affiliates for $5.9 billion by a joint venture of Prologis Inc. and Norges Bank Investment Management is a neon sign of bullishness in the industrial real estate sector, according to experts who spoke with Commercial Property Executive.” (Commercial Property Executive)
  5. My Tactical Approach To Healthcare REIT Investing “My Durable Income Portfolio (in the Forges Real Estate Investor newsletter) consists of around 25 REITs in which I have tactically weighted the companies, based on their dividend safety attributes. While the composition within the basket of REITs offers a well-balanced mix of sectors, the goal is not to create a one-size-fits-all approach in which there are one or two REITs for every category.” (Seeking Alpha)
  6. Half of U.S. Property Investors to Increase Commercial Acquisitions in 2015 “Based on CBRE's newly published North America Investor Intentions Survey 2015, half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row.” (World Property Journal)
  7. Target Just Infuriated Lots of Customers—and It's a Great Sign for Business “Target's latest designer collaboration with the preppy prints label Lilly Pulitzer was a smash hit. Customers swarmed Target's stores and website early Sunday to get their hands on the coveted collection of patterned shift dresses, couch pillows, beach towels and more.” (Business Insider)
  8. Former American Apparel Worker Accuses Former CFO of Conspiring Against Founder “A former American Apparel worker is suing the Los Angeles company for wrongful termination and accusing its former chief financial officer of plotting against CEO Dov Charney, who was ousted last summer.” (Los Angeles Times)
  9. Chipotle Posts Its First Quarter of Billion-Dollar Sales “Earnings reports on Tuesday from three prominent restaurant operators, including Chipotle Mexican Grill, illustrated the impact of the changing preferences of American consumers.” (New York Times)
  10. Vornado, Related Seeking Chinese Partners for Development “New York City developers including Vornado Realty Trust and Related Cos. are seeking Chinese partners for new projects, according to top executives at the companies.” (Bloomberg)
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