10 Must Reads for the CRE Industry Today (July 21, 2015)

10 Must Reads for the CRE Industry Today (July 21, 2015)

 

  1. Stop & Shop Makes a $146 Million Play for Some of Bankrupt A&P's Stores “Stop & Shop Supermarket Co. may be adding a lot more shelf space in New York City. The Quincy, Mass.-based chain announced Monday that it is willing to pay $146 million to buy 25 stores from the Great Atlantic & Pacific Tea Co.” (Crain’s New York Business)
  2. Demand for N.J. Industrial Real Estate Is Growing “Warehouse space is back in demand in New Jersey.” (NJ.com)
  3. Dick’s Sporting Goods Dives Into the ‘Athleisure’ Craze “Dick’s Sporting Goods is the latest mainstream retailer to jump on the “athleisure” bandwagon for women. (Fortune)
  4. Vestar Buys Out in Vegas Suburb “Vestar has completed a buyout of The District at Green Valley Ranch, a 37-acre, 384,107-square-foot landmark retail property in Henderson, Nev., from its former joint venture partner, Rockwood Capital, for $120 million.” (Commercial Property Executive)
  5. Boomers Competing With Millennials for U.S. Urban Rental HousingMike Abelson calls it his ‘man cave.’ After his wife passed away, the 65-year-old sold his house and began renting a 1,400-square foot apartment eight miles away in Bethesda, Maryland. The trial attorney now uses his downtime to enjoy warm summer evenings on his terrace.” (Bloomberg)
  6. NYC Lifts “Veil of Secrecy,” Requires Shell Companies to Reveal Names of Members “Thanks to new disclosure requirements by the city, anonymously buying luxury property through shell companies is going to be a much trickier endeavor.” (The Real Deal)
  7. Amazon Competitor Prepares for Tuesday Takeoff “The countdown is on for the latest competitor to Amazon.com to take off. Jet.com, which hopes to compete with the Amazon Prime membership service using “profit-free” pricing, has an online clock on its homepage counting down to launch at 6 a.m. ET on Tuesday, July 21.” (Chain Store Age)
  8. Warburg Pincus to Take Stake in Indian Developer “The private equity firm Warburg Pincus is set to make another big move into India by taking a stake in a real estate developer backed by one of the country’s major conglomerates.” (New York Times)
  9. Brookfield Buys Office Condo Next to Manhattan West Project for $69.6M “Brookfield Property Partners has bought an office condominium across from its sprawling Manhattan West project with the help of a $35 million loan.” (Commercial Observer)
  10. How Your Organization Can Encourage Diversity In the Workplace With An Inclusion Program “Setting up an inclusion program can help your employees feel comfortable to be their full selves at work, while cultivating diversity at your company. In past roles, I’ve experienced what it is like to be in the closet at work and without a doubt it made me feel uncomfortable, stifling my growth as a professional.” (Forbes)
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