Cap rates for net lease banks are at their lowest point in eight years, according to research by Calkain Companies. Net lease banks cap rates are averaging 5.93 percent so far in 2014, compared with 6.08 percent during the previous … Continue reading →
The National Association of Realtors predictions for the CRE market in the coming year: Multi-family vacancy is expected to increase to 4.3 percent in Q4-2015 from 4 percent this quarter. Average apartment rents are expected to rise to rise by 4 … Continue reading →
Detroit-based Shinola intends to open a permanent location in DC’s Midcity, according to The Washington Post. Launched by Fossil founder Tom Kartsotis, the company produces watches, journals, bicycles and leather goods, among other things with a mission to return manufacturing … Continue reading →
As part of a plan to cut costs by $1 billion, Illinois-based Walgreen Co. recently gutted its real estate department and let go about 16 in-house real estate managers,
Continue reading →Commercial real estate sales totaled $97.5 billion in Q3-2014, up by 11.6 percent year-on-year, according to GlobeSt.com (citing research from Auction.com). The risk premium (Risk Adjusted Yield – Treasury Rate = Risk Premium) for most sectors remained flat save for … Continue reading →
In an effort to raise cash to offset recent losses, Sears is considering selling 200 to 300 stores to a REIT in a sale-leaseback transaction, according to The New York Times. The REIT could eventually own most of the company’s … Continue reading →
Kentucky, which produces 95 percent of the world’s bourbon, is experiencing an unprecedented boom in its bourbon industry. Distilling contributes $3 billion in gross state product to Kentucky’s economy each year – a 67 percent increase from the $1.8 billion … Continue reading →
Investment in the Russian commercial real estate market (both foreign and domestic) totaled $3.7 billion during the first three quarters of 2014, according to World Property Journal (citing data from Cushman and Wakefield). Of this amount, $3.4 billion (92 percent) … Continue reading →
Seattle based online retailer Amazon.com, Inc. plans to open its first bricks-and-mortar store, according to The Wall Street Journal. Amazon is leasing space at 7 West 34th Street – a 12-story property owned by Vornado Realty Trust located across from … Continue reading →
The pro-democracy protests in Hong Kong are taking a toll on the city’s real estate and retail sectors. Shares of Sun Hung Kai Properties Ltd. – the city’s largest property developer – have dropped by 5.4 percent over the past … Continue reading →