NREI WIRE
teens and shopping bags

10 Must Reads for the CRE Industry Today (September 7, 2018)

A new report details the retailers younger shoppers like the most, according to CNBC. Speculation abounds as to where Amazon will build its second headquarters, a year after the tech company announced the search, The New York Times reports. These are among today’s must reads from around the commercial real estate industry.

  1. Younger Shoppers Love These Companies the Most “Retailers need to pay attention to younger shoppers and where they’re spending money, because those destinations are constantly changing. Millennial and Gen Z shoppers in 2018 are flocking to the likes of Victoria’s Secret, Sephora, Nike and Nordstrom to shop, according to the 2018 Love List Brand Affinity Index compiled by Goldman Sachs and Conde Nast.” (CNBC)
  2. The Mystery of Amazon HQ2 Has Finalists Seeing Clues Everywhere “Amazon announced its plans for a second headquarters a year ago on Friday. People in the 20 finalist cities are looking for any sign of a winner.” (The New York Times)
  3. The Regulator, the Whistleblower and the CEO: Key Housing Players Reflect on the Financial Crisis 10 Years Later “Ten years ago, a simmering financial crisis finally bubbled over. Lehman Brothers failed, credit markets seized up, the two behemoth mortgage companies were taken over by the government, and big banks merged, were bailed out, and took on brand new shapes.” (MarketWatch)
  4. Fed’s Williams Says Yield Curve Not Deciding Factor in Setting Rates “Federal Reserve Bank of New York leader John Williams said Thursday the prospect of a yield-curve inversion by itself wouldn’t be enough to stop him from supporting further rate rises if he thought the economy called for them.” (The Wall Street Journal, subscription required)
  5. This Space Available “New York City’s streetscape has been transformed — visually and economically — by the staggering numbers of vacant storefronts now dotting its most popular retail corridors. The Times set out with a panoramic camera to capture what this commercial blight feels like on the ground.” (The New York Times)
  6. Human Psychology as an Essential Tool for Building Smart Real Estate “While the new wave of sustainable architecture and design within office spaces prioritizes health, comfort and safety, an aspect commercial real estate often fails to recognize on a multifunctional level is the role of human psychology.” (Forbes)
  7. House GOP’s Second Phase of Tax Reform Aims to Make Individual Cuts Permanent, Boost Retirement Savings “The second stage of House Republicans’ tax reform plan will aim to make individual cuts passed last year permanent and ease rules around retirement savings, according to details shared with CNBC on Thursday.” (CNBC)
  8. Knotel Signs String of Leases for New ‘Flex-Working’ Spaces “Determined to expand to more neighborhoods, the ‘flex-working’ company, Knotel, keeps signing leases. The newest is a 19,563-square-foot deal at 250 Hudson St. in Hudson Square.” (New York Post)
  9. Utah Investor Buying Loop Landmark for $113 Million “The deal for 1 N. LaSalle underscores the value investors continue to see in Chicago’s downtown office buildings, where a strong job market has tenants gobbling up space.” (Crain’s Chicago Business)
  10. Self Storage Shakeout Ahead? “Private investors who once avoided dedicating precious time to midsize deals are now embracing an asset category where the prices are modest and public REITs have long dominated. Self storage offers low upkeep costs and opportunities for rent increases that are generally more frequent than in most other asset categories.” (Commercial Property Executive)
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish