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

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

 

  1. Cynthia Foster is Using Years of Cushman Experience to Revamp Colliers “About 20 years ago, there was a running bet by a handful of executives at Travelers Insurance that a representative from Los Angeles-based Cushman Realty would eventually fail at selling an Alaskan mall that had multiple mortgages.” (Commercial Observer)
  2. Major NYC REITs ‘Got Killed’ in Q2 “After a successful first quarter that saw positive shareholder returns and price performance virtually across the board, major New York-focused real estate investment trusts gave it all back in the second quarter – and then some. (The Real Deal)
  3. Petco in Talks to Go Public “It would be the third time since 1994. Pet supplies retailer Petco Animal Supplies Inc has been in talks with investment banks in recent weeks for an initial public offering, a person familiar with the matter said on Wednesday.” (Fortune)
  4. E-Commerce and the Future of Retail: 2015 [Slide Deck] “The retail sector is undergoing a major transformation driven by digital. Technology is changing the way people shop, as well as how retailers operate. BI Intelligence has created a slide deck highlighting the biggest e-commerce trends in retail.” (Business Insider)
  5. Whole Foods Sales Hurt by Bad Publicity from Overcharging “Whole Foods Market Inc. says its sales are hurting from bad publicity over its overcharging of customers in New York City.” (Los Angeles Times)
  6. Property Passions Rekindle as Real Estate Tops Poll for Best Long-Term Investment “America’s love affair with real estate is reheating. A poll of 1,000 U.S. adults this month by Bankrate.com found real estate as the top place for long-term investment dollars.” (Orange County Register)
  7. The Best Cities For Future Job Growth “The U.S. economy reached a milestone last spring when employment surpassed its pre-recession peak set in January 2008. It was a long, slow recovery from the deepest recession since World War II. One of the hardest hit areas during the recession was Florida as the housing bubble burst, damaging one of Florida’s chief sectors in construction, and cash-strapped tourists cut back on vacations. But the Sunshine State has roared back and is expected to be among the leading states for job creation over the next few years.” (Forbes)
  8. Trammell Crow Dives into Denver “Trammell Crow Co. has acquired prime commercial infill land in Denver, from Globeville I L.L.C., with plans to build Crossroads Commerce Park, a new industrial project scheduled to be approximately 1 million square feet.” (Commercial Property Executive)
  9. 5 Reasons Why the New LLC Disclosure Rules Stink “New York City’s Department of Finance has introduced new disclosure requirements for shell companies buying real estate to bring greater transparency to the market, particularly at the luxury end.” (Commercial Observer)
  10. Untold Story: What's Driving Construction of the Tallest Tower West of Mississippi “By now you've heard about the Wilshire Grand. You've even seen the cool videos of the record cement pour. What you don't know is the tale of how the last thing AC Martin CEO Chris Martin spoke about with his son on the morning of Jan. 3, 2012, the day he died, was the project. And how his son's memory drives his work on the 73-story tower.” (Bisnow)
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