10 Must Reads for the CRE Industry Today (July 9, 2015)

10 Must Reads for the CRE Industry Today (July 9, 2015)

 

  1. Fed Signals It's In No Big Hurry to Raise Interest Rates “The Federal Reserve isn't in as much of a hurry to raise interest rates as many people thought.  The central bank admits as much in the minutes of the June policy meeting, which were released Wednesday.” (The Street)
  2. Aldi and Lidl Are Ready to Invade the U.S. Beware Walmart and Target! “Aldi and Lidl, Germany’s toughest discount food retailers, are invading the US. Both operate small, efficient no frill self-serve supermarkets with a strong non-food assortment, and very low prices. Both have permanently changed the competitive landscape wherever they have gone.” (Forbes)
  3. Castleton Park Acquired by New York Real Estate Investor “One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.” (Indianapolis Business Journal)
  4. Toys 'R' Us Leans on Itself for the Next Big Toy Hit “Big blockbuster movies are expected to do big business in the toy aisle this year. But the U.S.’s largest toy retailer – Toys ‘R’ Us – doesn’t plan to fully rely on toys tied to hit film properties to help boost sales. It will also generate a ton of business from its own, internally created toy lines.” (Fortune)
  5. Despite Greece Debt Crisis and China Stock Slide, Global Real Estate Markets Remain Steady  “According to JLL, despite the debt crisis in Greece and volatility in China's equity markets, Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion, unchanged from the same period a year ago.” (World Property Journal)
  6. Will Albertsons Sink or Swim Following Its IPO? “The wheeling and dealing continues at Albertsons Companies, Inc. Five months after the company, owned by a consortium led by Cerberus Capital, closed its deal to merge with Safeway and become the second-largest supermarket chain operator in the U.S., it is planning an initial public offering.” (Retail Wire)
  7. Fundrise Has Big Plans at Home and Overseas “In a photo taken sometime around 1980, a 3-year-old Benjamin Miller is tucked comfortably in the shovel of a bulldozer inside an 80-feet-deep hole of a construction site in Washington, D.C. The property under development, Georgetown Park Mall, would later become the first urban mall in the nation’s capital.” (Commercial Observer)
  8. Landlord Who Controls Landmarked Lever House Defaults on Mortgage “Landlord Aby Rosen is scrambling to hold onto the crown jewel of his high-end real estate portfolio in the city.” (Crain’s New York Business)
  9. Blackstone Triples Foothold at 601 Lexington “Blackstone Group has tripled its office size at Boston Properties’ 601 Lexington Avenue by exercising its expansion option.” (Commercial Observer)
  10. Target Opens Dedicated Store For Smart Home Gadgets “At an event on Thursday afternoon, Target TGT -1.20% will unveil what it calls the Target Open House, a 3,500-square-foot retail space located in San Francisco’s Metreon shopping center with a house inside made of transparent walls and furniture. The transparent house is packed full of smart home gadgets. (Forbes)
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