10 Must Reads for the CRE Industry Today (July 23, 2015)

10 Must Reads for the CRE Industry Today (July 23, 2015)

 

  1. TruAmerica Expands in the Pacific Northwest “With its institutional partners DVO Real Estate and RCG Longview, TruAmerica Multifamily has wrapped up the acquisition of a $115 million five-property value-add portfolio from FPA Multifamily, TruAmerica announced Wednesday.” (Commercial Property Executive)
  2. McDonald's Sales Are Still a Mess “On Thursday, the fast-food giant reported second-quarter results that beat analysts' forecasts on earnings and revenues, but sales continue to plunge.” (Business Insider)
  3. KKR Profit Rises 65% to Record in Quarter as LBO Holdings Jump “KKR & Co., the private equity firm run by Henry Kravis and George Roberts, reported record second-quarter profit as its holdings jumped in value. The results surpassed all analysts’ estimates.” (Bloomberg)
  4. Five Views of 2 World Trade Center “A look at Bjarke Ingels Group’s shape-shifting, stacked tower design for 2 World Trade Center, the final building overlooking the site where the twin towers were destroyed.” (New York Times)
  5. Why Street Stores Still Matter in the Age of Online Shopping “Online shopping has increased in popularity with the advancement of technology, but a large number of shoppers prefer the traditional brick-and-mortar store because of the immediacy factor, according to Cushman & Wakefield’s Gene Spiegelman.” (Commercial Observer)
  6. Brooklyn Hotel Boom May Exceed DemandIf you build a hotel in Brooklyn, will they come? A record number of hotel properties planned in Kings County are stirring concerns there may not be enough demand to fill them all.” (The Real Deal)
  7. Orange County Economic Growth Finally Revving into High Gear “Off the 405 Freeway in Irvine, hundreds of workers are busy erecting a 20-story glass office tower, a stark symbol of Orange County's economic expansion.” (Los Angeles Times)
  8. It Took Wal-Mart Four Years to Buy this Company “It took four years, but Wal-Mart has finally fully gobbled up Chinese e-commerce company Yihaodian.” (Fortune)
  9. The Future of Fashion Retailing, Revisited: Part 2 - Zara “In late 2012, I wrote a three-part series on Uniqlo, Zara and H&M. In the last three years, these three global fashion retailers have experienced impressive growth, due in no small part to their success in the U.S. retail market. In my last post, I discussed Uniqlo’s strategy of ‘planned obsolescence,’ similar to the approach used by the auto and technology industries.” (Forbes)
  10. Giant Hedge Fund Bridgewater Flips View on China: ‘No Safe Places to Invest’ “The world’s biggest hedge fund has turned on the world’s fastest-growing economy.” (Wall Street Journal)
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