10 Must Reads for the CRE Industry Today (August 28, 2015)

10 Must Reads for the CRE Industry Today (August 28, 2015)

  1. Subway’s Growth Era Fades as New Competitors Hobble Expansion “After years of explosive growth turned it into the world’s largest restaurant chain by number of locations, Subway Restaurants is in retreat. The sandwich seller is adding fewer new locations, and U.S. revenue fell 2.7 percent to $1.16 billion last year, according to a franchisee document that parent company Doctor’s Associates Inc. filed with the state of Minnesota in April.” (Bloomberg)
  2. U.S. Economy Looks Much Stronger After Upward Revision of GDP Report “The U.S. economy looks much more vigorous in the second quarter than previously thought, as a report released Thursday showed businesses got off the sidelines and spent some money. The acceleration in business investment, if it’s sustained, could add to the economy’s momentum in the months ahead.” (MarketWatch)
  3. TPG Hires Ladder’s Guggenheim to Run Real Estate Group “TPG Capital, the private equity firm run by David Bonderman, hired Ladder Capital Corp.’s Greta Guggenheim to head its newly formed real estate debt unit. Guggenheim, a co-founder and former chief investment officer at Ladder, will start as the chief executive officer of TPG Real Estate Finance Trust in January, TPG spokesman Luke Barrett said in an e-mailed statement. She will be based in New York.” (Bloomberg)
  4. Where to Retire in 2015: 150 Cities Ranked “To help advisors (and their clients) better weigh the options, WalletHub.com has ranked 150 of the largest U.S. cities in which to retire, using metrics such as cost of living and the availability of recreational activities for the elderly. Each city also carries a separate affordability, quality of life, healthcare and activities rank, the first three of which we’ve included in the following slides.” (Wealthmanagement.com)
  5. Lavish Office Amenities are a Must-Have for Bill Ackman “Mr. Ackman, who hopes to relocate his firm Pershing Square Capital Management into the 464,000-square-foot property located at 787 Eleventh Ave., has grand plans for his new office, according to sources. He wants to add two floors, totaling 60,000 square feet, on top of the eight-story building and install a large outdoor roof deck with a swimming pool and tennis court.” (Crain’s New York Business)
  6. Apartment Volume Slides 17% in July “With $9 billion in transaction activity in July, apartment sales fell 17%, according to New York–based commercial research firm Real Capital Analytics (RCA). RCA attributed the decline in apartment sales activity to a drop-off in portfolio and entity-level transactions, which fell 65% to $1.2 billion. But RCA noted other problems as well in its report.” (Multifamily Executive)
  7. A Look at Macy’s Outlet Store “Macy’s has an answer to T.J. Maxx and other stores that sell deeply discounted designer brands. The department store chain, which is set to open its previously announced ‘Macy’s Backstage’ discount stores this fall in the New York City area, gave the Associated Press an early look at one of its new outlet stores.” (Associated Press)
  8. New Dollar General Prototype Will Emphasize Fresh “Dollar General is at work on a new store prototype that will provide a faster checkout for shoppers and an increased fresh foods and health-and-beauty presence, CEO Todd Vasos said Wednesday. The new store will be rolled out to all new locations and remodels beginning next year, Vasos told analysts while reviewing quarterly financial results.” (Supermarket News)
  9. The Story of How New York Mortgage Trust Fell from Grace “New York Mortgage Trust (NASDAQ:NYMT) had a fairly rough history as the company lost the vast majority of the value within the early years following the IPO. Unfortunately, finding quality data on events that are several years ago can be difficult. Even if investors find a story, it may not be an accurate story.” (Seeking Alpha)
  10. Simon Expands in Windy City “Simon Property Group has expanded its popular Chicago Premium Outlets with an additional 250,000 square feet of outdoor shopping space. Located at 1650 Premium Outlets Blvd. in Aurora, Ill., the 10-year-old outlet center added 30 stores to what was already Chicagoland’s largest outlet.” (Commercial Property Executive)
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish