10 Must Reads for the CRE Industry Today (May 15, 2015)

10 Must Reads for the CRE Industry Today (May 15, 2015)

 

  1. RadioShack Name Auctioned to Standard General for $26.2 Million “Standard General LP, which bought 1,700 RadioShack Corp. store leases in March, said it prevailed this week in an auction for the bankrupt electronics retailer’s brand name.” (Dallas News)
  2. Can the U.S. Commercial Real Estate Boom Last? “While the admonition to ‘follow the money’ was popularized by two reporters chasing a big political story (Watergate), the expression has always had more relevance for financial journalists trying to determine what’s really important on their beats.” (Barron’s)
  3. 10 Retailers Take Two-Thirds of Your MoneyIf you want to understand the health of retail – follow the money. It ends up in a relatively small number of cash registers anyway.” (CNBC)
  4. Kushner Takes on Former NY Times Building “Just a month after purchasing a sizable portfolio in Manhattan and Brooklyn, Kushner Cos. strikes again, this time with an agreement to buy the retail condominium at 229 W. 43rd Street.” (Commercial Property Executive)
  5. Want a Green Card? Invest in Real Estate “Like many of her fellow classmates at New York University, Yanchu Zhao has a busy schedule. A college junior, she has a double major in economics and journalism, and juggles classes, an internship and life with roommates in a rental near Herald Square.” (New York Times)
  6. Why Nordstrom is the Amazon of Department Stores “Nordstrom and Amazon.com have a lot more in common than their hometown of Seattle. Just like Amazon, Nordstrom has been spending big on technology, warehouses and expanding into new businesses. And like Amazon, sales have grown rapidly—while its profit shrinks.” (Fortune)
  7. Thor Equities Gets into Crowdfunding Game with “Invest Thor” “The city’s top real estate-focused private equity investor is turning to a new source of capital for its projects: crowdfunding.” (The Real Deal)
  8. Treasury-Market Upheaval Seen Hurting U.S. Utility, REIT Shares “Shares of utilities and real estate investment trusts may cause any “disorderly correction” in U.S. bonds to spread into stocks, according to Michael Shaoul, chief executive officer at Marketfield Asset Management LLC.” (Bloomberg)
  9. Queens Tops Hotel Market to Start Year “When it comes to hotel performance, lodgings in Queens reigned king. Hotels in the borough had positive performance across the board including occupancy, average daily room rate and revenue during the first quarter of the year when compared year-over-year, according to data provided to Commercial Observer by STR, which collects and benchmarks hotel data.” (Commercial Observer)
  10. Apple's Green Initiative Offers a Smidgen of Hope “It's easy to be cynical about big companies' claims that they cherish the environment. If that were so, why are industrial waste and emissions among the biggest reasons our planet is so screwed up?” (Los Angeles Times)
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