10 Must Reads from the CRE Industry Today (August 13, 2015)

10 Must Reads from the CRE Industry Today (August 13, 2015)

 

  1. Surge in Commercial Real-Estate Prices Stirs Bubble WorriesInvestors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating.” (Wall Street Journal)
  2. BofA Reviewing Real Estate Referral Deals Amid Regulatory ScrutinyTwo weeks ago, it was Wells Fargo. Will Bank of America be the next big lender to end a type of referral arrangement with builders and real estate agents over regulatory scrutiny of such deals?” (Charlotte Observer)
  3. Trader Joe's: Good for Cheap Groceries, Great for Home Values “It’s an old saying in real estate: Want a pricey house? Find a cheap grocery store. You’re right, that’s not a saying at all. But according to a new study from RealtyTrac, released this week, there’s some truth to it.” (Christian Science Monitor)
  4. American Apparel Mulls Bankruptcy Filing Amid Unrest “Things have gone from bad to worse at American Apparel. The embattled retailer, fighting labor unrest and a dwindling cash supply, said Tuesday its net loss swelled to $19.4 million in the second quarter from $16.2 million a year ago amid a 17 percent decline in revenue.” (New York Post)
  5. Survey: California Real Estate Boom Underway “A survey released Wednesday says a real estate boom is underway in California, fueled by rising demand from the business community and a shortage of multi-family housing.” (CBS Los Angeles)
  6. Steve Wynn Has ‘Had Enough’ of the Mayor of Boston "’I've had enough of Mayor Walsh,’ billionaire casino mogul Steve Wynn told the Boston in a recent phone interview.” (Business Insider)
  7. Korean Funds Are Betting on New York City Real Estate, Alternative Investments “State-run Korea Post, which oversees 106 trillion won ($89 billion), wants to diversify from stock and bond investments into other sorts of assets, Mr. Jurng said. He expects the new Manhattan office to improve deal sourcing and global research capabilities to help find such opportunities abroad.” (Trusted Insight)
  8. Market Indicating Fed Won't Raise Rates in September “In the course of just a couple of days, things have gotten a lot more complicated for the Federal Reserve.” (CNBC)
  9. Salesforce Eyes MetLife's Sixth Avenue Office—and a Spot to Hang Its LogoBusiness software giant Salesforce may soon have its name on a prominent midtown Manhattan office tower.” (Crain’s New York Business)
  10. Commercial Real Estate Deals Slowed in July “Real estate investors last month snapped up a bank branch on Niagara Falls Boulevard, an urgent-care facility on Transit Road, a new dollar store in Buffalo and a strip center in Depew, as Western New York’s commercial real estate market slowed in July, despite a flurry of summertime deals.” (Buffalo News)
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