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10 Must Reads for the CRE Industry Today (August 27, 2018)

Hurricane Lane may disrupt real estate deals, according to the Honolulu Star Advertiser. Executives at natural grocery stores say they have seen growth after Amazon acquired Whole Foods, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

  1. Natural Grocers Shrug Off Amazon-Whole Foods Threat “Executives at many natural and specialty chains who expected Whole Foods under Amazon ownership to hurt their businesses have seen growth instead.” (Wall Street Journal, subscription required)
  2. J.C. Penney May Be Courting the Same Fate as Sears “J.C. Penney Co. Inc. is out of step with the rest of the retail sector.” (MarketWatch)
  3. Lane Creates Potential Deals for Real Estate Deals “Hurricanes not only threaten our homes and lives; they also can be disruptive to real estate deals. In anticipation of Hurricane Lane hitting the Hawaiian Islands, the state closed many of its departments, including the Bureau of Conveyances, which maintains the permanent record system for title to real property in Hawaii.” (Honolulu Star Advertiser)
  4. These Sears and Kmart Stores Will Start Liquidation Sales as Early as This Week “Sears Holdings Corp. has provided a list of 46 unprofitable stores, across 28 states, that it will close in November. The number includes 33 Sears stores and 13 Kmart stores. The struggling department store chain said liquidation sales at the closing stores will begin as early as Aug. 30.” (MarketWatch)
  5. The Great Real Estate Investment Debate: Multifamily Properties Vs. Single-Family Rentals “What type of investment property is best? This question comes up more than any other from long-term buy-and-hold investors. Which is the best investment for your hard-earned dollars, multifamily properties or single-family properties? I never answer this question because the right answer is different for different investors, as there are advantages to both.” (Forbes)
  6. Report: Coworking Space on the Upswing “Cushman & Wakefield finds that inventory in this office subsector has increased by 5 million square feet every year over the last three years.” (Commercial Property Executive)
  7. Green Buildings Draw In Investor Cash “Buildings certified by ENERGY STAR and/or LEED have been shown to transact for about 10.1% more than non-green certified buildings.” (GlobeSt.com)
  8. Real Estate Investment Companies Charged Over $135M Fraud Scheme “Two individuals and two companies have been charged by the SEC with securities law violations over allegations that they ran a fraudulent $135 million real estate investment scheme.” (Mortgage Professional America)
  9. Ross Stores Accelerates Store Expansion Plans “Ross Stores now sees even more potential for expanding its store network.” (Chain Store Age)
  10. Developers Hope to Revitalize Retail in Downtown Orlando “The goal is to attract national tenants to the former Church Street Station so that it will again thrive as a retail and entertainment Mecca.” (GlobeSt.com)
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