10 Must Reads for the CRE Industry Today (June 11, 2015)

10 Must Reads for the CRE Industry Today (June 11, 2015)

 

  1. Discount Grocer Aldi to Open 45 Stores in Southland “German discount grocer Aldi plans to open the first of 45 Southern California stores in March, a move that analysts say could force some competitors to lower prices.” (Los Angeles Times)
  2. Builders Debate Merits of Raising Ceilings for Warehouses “Higher ceilings are the latest trend in warehouse real estate, but some builders say they could do more harm than good.” (Wall Street Journal)
  3. What’s Really Driving Sustainability? What’s really driving sustainability in real estate today? According to the latest CPE 100 Quarterly Sentiment Survey, one factor far outpaces the rest—and it might come as a surprise.” (Commercial Property Executive)
  4. Alan Greenspan: US Real Estate Is Stagnating “It's Alan Greenspan's top concern right now. The former chairman of the Federal Reserve says real estate in the U.S. is stagnating.” (CNN Money)
  5. Tishman Speyer Is Buying a Development Site Across from Javits Center for $185M “The owner of Rockefeller Center, the Chrysler Building and other trophy real estate in midtown is betting that the center of Manhattan will shift to the far West Side.” (Crain’s New York Business)
  6. Can a New Designer (Not Jenna Lyons) Fix J. Crew?J. Crew just isn’t selling. With sales down for another consecutive quarter, doomsayers are circling. Interestingly, however, while normally the first solution when product has not been resonating is, “Fire the creative director!” (see Gucci, which also fired its chief executive), that has not been this brand’s solution. Instead, it replaced the second-in-command for design.” (New York Times)
  7. Walgreens Is Big on You and Your Doctor Video-ChattingMillions of people will be able to see a doctor on their smartphones or laptops for everyday ailments once the nation's largest drugstore chain and two major insurers expand a budding push into virtual health care.” (Crain’s Chicago Business)
  8. Declining Oil Prices Impacting Global Real Estate Markets “According to 'Do Oil Prices Hold Real Estate Over a Barrel?', a new report by global real estate adviser Cushman & Wakefield, global real estate markets are most vulnerable in economies with not just a greater dependency on oil but also in those with a high cost of oil production. Combined, the above factors will squeeze profit margins in these markets, leading to staff reductions and ultimately forcing companies to reorganize, downsize and consolidate their real estate footprint.” (World Property Journal)
  9. Real Estate Matters: Warning Signs for Investors “The housing market in Southwest Florida has been hot for the past three years. Now it’s about to get blistering according to a report released last week that predicted that Naples–Marco Island will have a 41 percent gain in home prices over the next three years.” (WINK News)
  10. Another Recession on the Way? Say It Ain’t So “Conversations at the CRE Finance Council’s 2015 New York conference took an unexpected turn this week with more than a dozen panelists cautioning that another economic downturn could hit the U.S. before 2020.” (Commercial Observer)
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