10 Must Reads for the CRE Industry Today (November 26, 2014)

10 Must Reads for the CRE Industry Today (November 26, 2014)


  1. CMBS Make a Comeback in Europe “Since the financial crisis, bankers have been waiting for the recovery in the U.S. commercial mortgage-backed securities market to make its way to Europe. Now, some of the biggest CMBS originators in the U.S., including Deutsche Bank AG , Bank of America Merrill Lynch and Goldman Sachs Group Inc., are ramping up in Europe and say deal activity is increasing. Others are getting ready to follow.” (The Wall Street Journal)
  2. Are Real Estate ETF Yields Still a Bargain? “This year’s winner in the alternative investment space is—wait for it—real estate. Among exchange traded funds (ETFs) that invest in real estate investment trusts (REITs), those employing leverage have zoomed to the upside; even non-leveraged funds, cranking out more pedestrian gains, have outgunned stocks and bonds.” (WealthManagement.com)
  3. $1.6B Wade Park development in Frisco gets expanded vision “Construction is underway on the $1.6 billion, 175-acre Wade Park mixed-use development in Frisco, but Atlanta-based developer Thomas Land & Development is ready to expand the project's plans. The development firm is enthusiastic it can play a part in Frisco's "major growth," with Wade Park, President and CEO Stan Thomas said. That enthusiasm is playing out in expanding the vision of the project.” (Dallas Business Journal)
  4. Sam Zell can cut deals, but can he write? “After more than five decades of dealmaking in real estate and business, Sam Zell has cut a deal with a book publisher. The billionaire financier from Chicago has reached an agreement with Portfolio for ‘Gravedancer: The Art of Winning in Turbulent Times.’ The book will be ‘a personal and professional memoir that features stories about his biggest deals and shares tips for entrepreneurs who want to follow in his footsteps,’ according to statement from his literary agent, Wayne Kabak of New York-based WSK Management.” (Chicago Real Estate Daily)
  5. Caesars Swaps Jump as Lenders Said to Agree on REIT Plan “Swaps protecting Caesars Entertainment Corp. (CZR) investors from default jumped to a record after the largest U.S. casino operator reached an agreement with lenders to turn its biggest unit into a real estate firm, indicating the market has priced in almost certain odds of a bankruptcy filing within a year. The derivatives rose after two people with knowledge of the company’s negotiations with creditors said Caesars’ most-senior lenders agreed to the principles of a restructuring plan. Credit swaps protecting against a Caesars default for one year rose to an upfront cost of 81.5 percent, according to data provider CMA.” (Bloomberg)
  6. Nordstrom taps eBay's tech to build fitting room of the future “Nordstrom is testing out full-length dressing room mirrors that double as websites as tech invades yet another sphere of shopping. Imagine you are in a changing room at a Nordstrom store trying on some clothes . You are looking for shoes to complete the look, or want to read product reviews, or maybe just summon an associate to bring you an item in a different color or size, rather than have to get decent again and go back out to the store floor (if you even decide not to leave).” (Fortune)
  7. Dunkin’ Donuts continues California expansion “Dunkin’ Donuts is continuing its move into California with five new franchise agreements that will bring 63 new units to the San Francisco Bay area, Palm Springs and Bakersfield over the next few years, the operator said Monday. With the agreements, Canton, Mass.-based parent Dunkin’ Brands Group Inc. has 250 of the coffee chain units in development across the Golden State, where 1,000 locations are projected over the long term.” (Nation’s Restaurant News)
  8. Balazs Group Hits Snag In Efforts To Buy Standard High Line “The 338-room property is owned by a pair of real estate investment firms that put it on the market last year. It is operated by Standard International, a hotel management company owned by celebrated hotelier Andre Balazs and his partners. Mr. Balazs and these same partners offered a price of about $1.2 million a room for the property, which would have been one of the highest prices ever paid for a hotel by that measure.” (The Wall Street Journal)
  9. These Retailers Will Survive The Brick-And-Mortar Apocalypse “Traditional retailers are panicking about e-commerce competitors like Amazon. But some industries are much more vulnerable than others, according to a recent Morgan Stanley note.  The analysts point out that retailers need two qualities to survive the brick-and-mortar apocalypse. “ (Business Insider)
  10. 5 CRE Tech Trends for 2015 “Despite the fact that commercial real estate is an industry driven by out-of-the-box thinkers, it remains behind the technology curve. Considering the emphasis on one-to-one relationships on the sales front, the industry requires a human touch. But for those who are open to it, embracing tech solves for the increasing need for differentiation. Here’s a look at five ways in which we can expect to see tech integrated throughout the industry in 2015.” (REJournals.com)
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