10 Must Reads for the CRE Industry Today (April 24, 2015)

10 Must Reads for the CRE Industry Today (April 24, 2015)

 

  1. 25 Companies That Are Revolutionizing Retail “The way people shop is changing every day. Thanks to the proliferation of smartphones and innovations in delivery and data, the retail landscape is evolving like never before. We selected 25 companies that are revolutionizing the industry.” (Business Insider)
  2. Don't Kid Yourselves, Investors: 'Foreign Exchange Effects' Are Real “A strong U.S. dollar is exposing a painful side effect of global expansion. From pharmaceutical companies like Abbott Laboratories to manufacturers like Caterpillar and fast-food chain McDonald's, top lines are straining under a dollar that now outweighs most foreign currencies by a wide margin.” (Crain’s Chicago Business)
  3. How the Dollar Store War Was Won “It was the elevator ride that many a CEO has come to dread. On the evening of June 18, 2014, Howard Levine, the CEO of Family Dollar Stores, arrived for his meeting at the sumptuous Museum Tower residence in Midtown Manhattan. A white-gloved lift operator hit the button to take him to the penthouse apartment on the 51st floor. Waiting for him was Carl Icahn.” (Fortune)
  4. New York Life Finances Bentall Kennedy’s 757 Third Buy “The newly minted owner of 757 Third Avenue apparently financed its buy with a $205 million loan from New York Life Real Estate Investors, the life insurance company announced today. The loan on the mixed-use office tower has a term of 15 years, according to a statement from New York Life." (Commercial Observer)
  5. Delays May Scuttle $4B Plan to Revamp LaGuardia Terminal “The Port Authority of New York and New Jersey will have one more month to select a winning bidder for the $4 billion redevelopment of LaGuardia Airport’s Central Terminal building, or risk letting plans to replace the antiquated facility collapse as the two finalists begin to balk about the delays.” (Crain’s New York Business)
  6. Miami Residential Sales Continue Strong Momentum in March “According to Miami Realtors, the Miami real estate market continued to gain momentum in March, as single-family home transactions registered double-digit growth year-over-year and existing condominium sales rose despite an increase in new condo construction.” (World Property Journal)
  7. Could be More Consolidation if DTZ Makes a $2B Play for C&W “The consolidation in the CRE property services sector could be speeding up if reports that DTZ, which just acquired DTZ (formerly Cassidy Turley) in January, is looking to acquire Cushman & Wakefield for $2 billion are true.” (Commercial Property Executive)
  8. Chinese Billionaire Guo Says ‘Vibrant’ U.S. Economy Entices Him “Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says the stronger dollar and his nation’s slowing economy aren’t deterring him from investing in the U.S. or at home.” (Bloomberg)
  9. E-commerce Is Finally Disrupting the $300B a Year Health and Personal Care Industry “At $300 billion a year in sales, health and personal care is the second-largest retail category in the U.S. behind groceries. However, like the grocery industry, e-commerce has yet to really disrupt the American drug store.” (Business Insider)
  10. Will Jeanne Gang's New Tower Bigfoot Its Neighborhood? “In the three decades that Carol Kyros Walker has lived on East Randolph Street, her view north has changed from a railroad yard to a golf course to a park filled with fountains and trees and rimmed with new high rises. It's up for yet another change, if the proposed 1,144-foot-tall Wanda Vista high-rise gets built.” (Crain’s Chicago Business)
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