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10 Must Reads for the CRE Industry Today (March 3, 2015)

10 Must Reads for the CRE Industry Today (March 3, 2015)


  1. Westfield Palm Desert Part of $925M Joint Venture “Westfield Corporation has entered into a $925 million joint venture with O’Connor Capital Partners on three regional shopping centers—among them Westfield Palm Desert.” (The Desert Sun)
  2. Real Estate Crowdfunding Seen Topping $2.5B in '15 "Crowdfunding for real estate is likely to jump to $2.57 billion worldwide this year, two and a half times the total in 2014, as more people become comfortable with the investing model, research company Massolution said." (Bloomberg)
  3. Downtown Apartments Near L.A. Live Sold for $200M "A 90-unit apartment complex in the burgeoning South Park district of downtown Los Angeles has sold for $200 million to a Chicago real estate investment trust." (Los Angeles Times)
  4. Retailers Find Themselves Caught in the Middle “Selling to the middle-class shopper has rarely been so tough.” (Crain’s New York Business)
  5. New York Office Rents Have 'Room to Run': CBRE's Tighe "Mary Ann Tighe, New York/tri-state region chief executive officer at CBRE, talks about the outlook for the New York commercial real estate market." (Bloomberg)
  6. Real Estate Is Doomed - Part 1: The Fed "The Chair and the Vice Chair of the Fed both spoke last week. ... The message was negative for housing. Allow me to elaborate." (Smarter Analyst)
  7. Commercial Mortgage Delinquencies Continue to Decline in U.S.According to the Mortgage Bankers Association's (MBA) Commercial-Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2014.” (World Property Channel)
  8. tvsdesign Breaks Ground on Sizeable Campus in Charlotte “LPL Financial celebrated the groundbreaking of its new regional headquarters, a two-building, 450,000-sq.-ft. campus in the master planned development of Kingsley, located in the Charlotte, N.C. suburb of Fort Mill.” (Commercial Property Executive)
  9. Best Buy Services President Christopher Askew to Depart "Best Buy Co. services President Christopher Askew is leaving the company after less than two years leading the chain's Geek Squad brand, according to a company memo." (Wall Street Journal)
  10. Spirit's President & COO Exit Hits NNN Lease Sector "Peter Mavoides, president & COO of Spirit Realty Capital Inc., has left his position, the REIT announced." (Commercial Property Executive)


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