- The New Retail Tenant: A High-Tech Amusement Park “As traditional retailers close their doors, immersive attractions are stepping in to fill the surplus real estate.” (Wall Street Journal, subscription required)
- New Zillow Study Details Rental Cost Disparity of City Vs. Suburbs “If you live near a city, you probably know this: It will cost you more to buy or rent downtown or in the inner suburbs compared with moving farther away.” (Washington Post)
- Fed Officials Worry That the Trade War Poses the Biggest Threat to ‘Strong’ Economy “Federal Reserve officials see ongoing global trade tensions as the biggest threat to otherwise strong U.S. economic growth, according to an account of the central bank’s most recent meeting.” (CNBC)
- REIT Earnings Recap: Real Estate Cycle Reignites “Bull markets don’t die of old age, and neither does the real estate cycle. Following a mild downturn in 2017, robust economic growth has reignited the real estate cycle.” (Seeking Alpha)
- Sears Is Closing 46 More Stores – Here’s Where They Are “Sears Holdings is closing more stores. The company said this week it is shuttering 46 more stories in November.” (CNBC)
- Home-Value Growth Slows As Buyers Become More Apprehensive “Hot housing markets like Seattle and San Francisco have seen home values shooting toward the stratosphere. And now they may be ready to come down a bit closer to Earth.” (MarketWatch)
- Carlyle Group Fund Bets on Long Island City “A fund managed by the Carlyle Group LP has agreed to pay $284 million for a luxury rental tower in Long Island City, Queens, marking a milestone for the neighborhood where developers have built thousands of apartments in the last decade, according to a broker and an investor involved in the deal.” (Wall Street Journal, subscription required)
- Should Your Family Office Invest In An Opportunity Zone? “For many family offices, Opportunity Zones might be just the, well, opportunity they are looking for, investment-wise.” (Forbes)
- Aspen St. Regis Owner Ditches REIT Plan, Says the Hotel Will Be Sold on Blockchain “Elevated Returns, the New York City-based asset manager that owns the St. Regis Hotel in Aspen, Colo., saw its plans to use the property to create what it called the country’s first single-asset REIT fizzle in February, days before a planned IPO. Now, it’s calling an audible—but its ambitions to make a big splash, if anything, have only grown.” (Commercial Observer)
- Ivanhoe Cambridge Plans $450M Industrial Project in Inland Empire “The company has purchased 150 acres for the construction of Colony Commerce Center, a 3 million-square-foot Class A complex to be developed by CapRock Partners.” (Commercial Property Executive)
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