10 Must Reads for the CRE Industry Today (April 27, 2015)

10 Must Reads for the CRE Industry Today (April 27, 2015)

 

  1. Building & Land Technology Grabs Corporate Center in Atlanta “Building and Land Technology has acquired the Concourse Corporate Center, a 2.2-million-square-foot landmark office complex featuring Atlanta’s iconic ‘King and Queen’ towers, plus a prime parcel of developable land, for a reported $489 million from Regent Partners.” (Commercial Property Executive)
  2. Miami Luxury Real Estate at 50% Discount to NYC: Leavitt “Chris Leavitt, broker at Douglas Eliman, talks with Betty Liu about the Miami’s booming luxury real estate market. He speaks on ‘In The Loop.’” (Bloomberg)
  3. Gap Is Betting that Jeans Won't Come Back in Style “Gap isn't all about jeans anymore. The company is investing heavily in its Athleta activewear business, reports Sapna Maheshwari at Buzzfeed.” (Business Insider)
  4. Barclays Center Prepares to Go Green “Hundreds of thousands of plants will be moved to the top of Barclays Center starting this week, the final stage in a plan to complete the largest green roof ever put on a sports arena in the U.S.” (Wall Street Journal)
  5. Mr. Market Has Ignored This Healthcare REIT, Maybe You Shouldn't “One thing that I find interesting with NHI is the fact that the company has one of the best growth rates in the healthcare sector. However, Mr. Market has somehow ignored that metric. There’s nothing to explain NHI’s share price under-performance except the fact that Mr. Market must be asleep.” (Seeking Alpha)
  6. Carlos Slim's Real Estate Shopping Spree: PepsiCo's NY State HQ And Iconic Building In Detroit Mexican telecom mogul Carlos Slim Helú is rapidly expanding his investments in commercial real estate in the U.S. In the past four months, companies associated with Slim, the world’s second richest person, have bought two prime commercial buildings in U.S. regions previously unexplored by him. (Forbes)
  7. Bjarke Ingels May Replace Norman Foster at 2WTC “Larry Silverstein and Rupert Murdoch’s media companies 21st Century Fox and News Corp are talking to Danish starchitect Bjarke Ingels to potentially design the final tower at the World Trade Center. Ingels would replace the British Norman Foster, who first designed 2 World Trade Center a decade ago, the Wall Street Journal reported.” (The Real Deal)
  8. Starbucks Plans to Start Selling Better Coffee “Starbucks' CEO Howard Schultz has become obsessed with selling better coffee. The brand has plans to sell coffee from its premium roastery in more than 1,000 stores, Schultz told investors on a recent conference call. (Business Insider)
  9. Private Equity Has Arrived, and Left Its Women Behind “Two decades into her career, Hollie Moore Haynes realized she’d reached a limit: She was never going to lead a private equity firm run by men. So earlier this year, she left Silver Lake Management, where she was a managing director, and founded Luminate Capital Partners.” (Bloomberg)
  10. 1,700-Apartment Portfolio in New York City to Be Sold “A portfolio of about 1,700 apartments that was the subject of one of the largest foreclosure proceedings in New York City in recent years is being sold.” (Wall Street Journal)
TAGS: REITs News Office
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