10 Must Reads for the CRE Industry Today (April 30, 2015)

10 Must Reads for the CRE Industry Today (April 30, 2015)

 

  1. Developer Jared Kushner 'Very Bullish' on Jersey City Real Estate “New York developer Jared Kushner tells the New York Times in an interview that he's ‘very bullish’ on Jersey City real estate, calling it an "affordable outlet" for people who work in New York City.” (NJ.com)
  2. Investors Should Shift Focus to Residential Real Estate: William Blair “With the housing market and fundamentals showing signs of health, investors may want to begin turning their focus from commercial to residential real estate, according to analysts at William Blair.” (National Mortgage News)
  3. U.S. Airport Real Estate Investors Thrive, Tenants Pay Higher Rents “With congestion issues and seaport gridlocks plaguing the transportation industry, air freight volumes are back on the rise.” (World Property Journal)
  4. DDR Accelerates Shopping-Center Sales, Accounts for Speedier Dispositions “DDR Corp. plans to sell off more shopping centers at a swifter clip – a decision that factored heavily into the company's nearly $250 million loss for the first three months of this year.” (Cleveland.com
  5. Hines Details Plans for Houston Industrial Park “Hines has acquired nearly 75 acres of land in southwest Houston, which it will use to develop Beltway Southwest Business Park, a Class A, master-planned business park capable of accommodating close to 950,000 square feet of light manufacturing and distribution space.” (Commercial Property Executive)
  6. Aby Rosen, Chinese Partners Secure $360M for 100 East 53rd “RFR Holding together with its Chinese partners Vanke Holdings and China Cinda Asset Management secured $360 million to finance the development of their new luxury tower at 100 East 53rd Street.” (The Real Deal)
  7. Arby’s Beefs Up Same-Store Sales; Opening Three Store Formats “Sandwich operator Arby's Restaurant Group recorded system-wide same-store sales growth in first quarter 9.8%, marking 18 consecutive quarters of comp growth and indicating progress toward the quick-serve chain’s goal to surpass $4 billion in system-wide total sales by the end of 2018.” (Chain Store Age)
  8. China Beats U.S. as Top Investor in Australia “China's infatuation with Australian real estate spurred its rise to be the biggest foreign investor Down Under, displacing the U.S.” (Bloomberg)
  9. China’s Fosun to Develop Luxury Property in New York “Chinese conglomerate Fosun Group said Thursday it is planning to develop a luxury condominium in Manhattan, its second real estate foray in New York City as it ramps up its overseas expansion plans and diversifies its global real estate holdings.” (Wall Street Journal)
  10. Uber Plans to Deliver Everything “Uber isn't just about picking up people in one place and delivering them to their destination in another. No, according to reports, Uber drivers (and bicycle riders) are, or soon will be, delivering restaurant meals and purchases from merchants, as well.” (Retail Wire)
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