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10 Must Reads for the CRE Industry Today (October 5, 2017)

Hotels, casinos and law enforcement agencies are evaluating security vulnerabilities in light of the mass shooting in Las Vegas, according to The New York Times. CNBC reports that seasonal tenants like Spirit Halloween are helping to fill space in retail centers.

  1. At Casino Hotels, Welcome for Guests Makes Security Difficult “Now, hotels, casinos and law enforcement agencies are confronting their security vulnerabilities and trying to figure out what more they can and should do to prevent attacks like the mass shooting in Las Vegas on Monday.” (The New York Times)
  2. Pop-up Shop Pioneer Spirit Halloween Is Hitting the Mall As More Retailers Vacate “Halloween isn't only a favorite time of year for kids. Many retail landlords with vacant stores also have something to look forward to.” (CNBC)
  3. Here’s Donald Trump’s Shortlist for the Next Federal Reserve Chair (So Far) “President Donald Trump has interviewed four people for the post of Chair of the Federal Reserve. A nomination could come within weeks as the term of current Chair Janet Yellen ends in February 2018.” (Fortune)
  4. It’s Not Turnkey, It’s Real Estate Investing: Top 5 Questions to Ask Your Provider “Buying a rental property “turnkey” can be a great opportunity to invest in top-performing rental markets across the country.” (Forbes)
  5. Walmart Puts Its Eggs in a Time-Saving Basket: Grocery Pickup “Seeking an edge against Amazon, the retail giant is pushing a service that delivers your order to your car. Customers never have to step inside the store.” (The New York Times)
  6. Knoxville: No Longer in Nashville’s Shadow? “Following the fourth consecutive month of rents growing faster than the national average rate, the city looks poised to take its development even further.” (Commercial Property Executive)
  7. Airbnb Teams Up With WeWork to Lure Business Travelers “Booking a room on Airbnb? Soon you’ll have the option to snag a desk or conference room at the closest WeWork location.” (Bloomberg)
  8. CMBS Delinquencies Fall to 3 Percent in August “Granted, a slew of bad vintage loans continues to dog the performance of pre-crisis CMBS transactions. But in a sign of robust industry health, the overall delinquency rate for securitized commercial mortgages fell in August to 3.02 percent, its lowest level since January, according to a report by Morningstar Credit Ratings.” (Commercial Observer)
  9. Specialty REITs Raise Most Capital Year-to-Date “The specialty sector raised $25.9 billion in capital year-to-date through Sept. 29, with communications REITs raising more than 40 percent of that total, according to S&P Global data.” (Commercial Property Executive)
  10. Fast-Growing Organic Grocer Sets 2018 Store Openings “Sprouts Farmers Market is in expansion mode. Sprouts Farmers Market announced it will open nine new locations in the first quarter of 2018. In total, the natural and organics grocer will open approximately 30 new stores across the country in 2018.” (Chain Store Age)
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