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10 Must Reads for the CRE Industry Today (September 18, 2018)

Bookstores are getting creative in the age of Amazon, according to Crain’s New York Business. Mobile home values may be rising as traditional home values, MarketWatch reports. These are among today’s top must reads from around the commercial real estate industry.

  1. Mobile Home Values Might Rise As Fast As Regular Homes—Here’s Why That Matters “Many have long held the assumption that mobile homes don’t increase in value — or, at the very least, they rise in value at a much slower rate than traditional homes. But recent data suggests the opposite is true — and that could have major implications in the push for increased affordable housing nationwide.” (MarketWatch)
  2. Bookstores Are Finding Creative Ways to Survive and Thrive in the Age of Amazon “When the Barnes & Noble in Baychester closed in 2016, Noëlle Santos was determined to ensure that the Bronx would not be bereft of a bookstore for long. Nearly two years after opening her first pop-up shop, Santos, who recently walked away from a six-figure salary as a human resources executive, is putting the finishing touches on The Lit. Bar, a bookshop-wine bar in Mott Haven opening in the fall.” (Crain’s New York Business)
  3. WeWork Surpasses JPMorgan as Biggest Occupier of Manhattan Office Space “WeWork Cos. now occupies more Manhattan office space than any other company, a milestone that reflects booming demand for flexible workspace among legions of small and midsize firms—and, increasingly, larger companies, too.” (Wall Street Journal, subscription required)
  4. Six Essential Lessons Aspiring Real Estate Investors Should Know “After 12 years of real estate investing, more than a thousand transactions and 50 houses and notes gathered in my portfolio, I can only say one thing for sure: Experience is an excellent teacher.” (Forbes)
  5. Macy’s Partnering With Facebook to Bring E-Commerce Brands to Stores “Macy’s Inc. is partnering with Facebook Inc. to bring nearly 150 brands to The Market @ Macy's in nine stores during the holidays. The Market brings brands to some of the department store retailer's most trafficked stores, and the Facebook partnership will add small businesses and e-commerce brands to physical locations.” (MarketWatch)
  6. Landlords Are Terrified Democrats Could Take Control Over New York “Victories by the progressive left in last week’s Democratic Party primaries have left the real estate industry reeling, with fears that landlords and developers could lose out if Democrats take complete control of the state government in November.” (New York Post)
  7. 10 Years After the Financial Crisis, Americans Are Still Looking for a Deal “Try this experiment: Look around your town and think back to what it looked like 10 years ago. Chances are, the stores that line the streets or anchor the malls are different. Circuit City, Linens-n-Things and Radio Shack are all gone. In their place are names like Nordstrom Rack, Saks Off Fifth and Zara.” (CNBC)
  8. New Anti-Terrorism Guide for Commercial Buildings Available “A new web-based tool can help security professionals for commercial office buildings perform assessments of their facilities based on the Best Practices for Anti-Terrorism Security (BPATS). With best practices developed by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T), in partnership with the National Institute of Building Sciences, facility professionals seeking protections under the Support Anti-Terrorism by Fostering Effective Technologies (SAFETY) Act can use the tool when developing their application packages.” (Facility Executive)
  9. How Bob Knakal’s Move to JLL Will Impact the I-Sales Market “Can Bob Knakal Help JLL Get Its Groove Back? The company has been hurting on the investment-sales front since its team of top broker left in late 2016.” (The Real Deal)
  10. Commercial Rent Control Bill to Get October Hearing “The City Council confirmed to Crain’s that its Committee on Small Business will hold a hearing on the Small Business Jobs Survival Act near the close of October. Often described as ‘commercial rent control,’ the bill would entitle any commercial tenant who has complied with the terms of their lease to a 10-year renewal and the right to force the negotiations into binding arbitration if the new terms are contested.” (Crain’s New York Business)
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