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Foot Locker Plunges Most Since 2017 as Sales Miss Estimates
News 2 days ago
Foot Locker Plunges Most Since 2017 as Sales Miss Estimates
Source NREI - Wire

The athletic-shoe retailer’s shares fell as much as 19 percent in New York trading, the most since August 2017, and is now at its lowest level in a...

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Will Las Vegas Glitz Play in Boston? Wynn Will Soon Find Out
News 2 days ago
Will Las Vegas Glitz Play in Boston? Wynn Will Soon Find Out
Source NREI - Wire

The Wynn design hasn’t always traveled well outside of Las Vegas. (Bloomberg)—Wynn Resorts Ltd. is about to find out how well Vegas plays in Boston...

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10 Must Reads for the CRE Industry Today (May 23, 2019)
News 3 days ago
10 Must Reads for the CRE Industry Today (May 23, 2019)
Source NREI - Wire

The Fed has signaled that no interest rate hikes are coming for some time, reports CNBC. MarketWatch looks at the retirement community of the...

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Brookfield, Fortress Said to Bid for Anbang Hotel Portfolio
News 4 days ago
Brookfield, Fortress Said to Bid for Anbang Hotel Portfolio
Source NREI - Wire

Brookfield, Fortress, Blackstone and Singapore’s sovereign wealth fund are among the bidders for the 15-hotel portfolio. (Bloomberg)—Brookfield...

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Five Must Reads for the CRE Industry Today (May 20, 2019)
News 6 days ago
Five Must Reads for the CRE Industry Today (May 20, 2019)
Source NREI - Wire

Deutsche Bank compliance employees previously flagged suspicious activity tied to Trump and Kushner accounts, reports The New York Times. Forbes...

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Silicon Valley Getting Its Own Version of NYC’s Hudson Yards
News 1 week ago
Silicon Valley Getting Its Own Version of NYC’s Hudson Yards
Source NREI - Wire

Related Cos. started work on a 240-acre mixed-use site in Silicon Valley. (Bloomberg)—The developer of New York’s Hudson Yards is ready to build...

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10 Must Reads for the CRE Industry Today (May 14, 2019)
News 1 week ago
10 Must Reads for the CRE Industry Today (May 14, 2019)
Source NREI - Wire

San Francisco’s limit on office space is creating a challenge for expanding tech companies, reports the Wall Street Journal. Forbes looks at the...

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10 Must Reads for the CRE Industry Today (May 13, 2019)
News 1 week ago
10 Must Reads for the CRE Industry Today (May 13, 2019)
Source NREI - Wire

Rent-lending start-ups target renters who want to build credit or could use assistance making rent payments, according to the Wall Street Journal....

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10 Must Reads for the CRE Industry Today (May 10, 2019)
News 2 weeks ago
10 Must Reads for the CRE Industry Today (May 10, 2019)
Source NREI - Wire

The New York Times looks at how real estate developers benefit from tax loopholes. Hotels are starting to feel the impact of slower economic growth...

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Park Hotels to Buy Chesapeake Lodging in a $2.7 Billion Deal
News 2 weeks ago
Park Hotels to Buy Chesapeake Lodging in a $2.7 Billion Deal
Source NREI - Wire

Park agreed to pay Chesapeake shareholders $11 and 0.628 of a Park common share for each of their shares. (Bloomberg)—Park Hotels & Resorts Inc....

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10 Must Reads for the CRE Industry Today (May 6, 2019)
News 2 weeks ago
10 Must Reads for the CRE Industry Today (May 6, 2019)
Source NREI - Wire

Forbes looks at the technology boom and its effects on multifamily properties. Rising e-commerce demand drives up warehouse hiring, reports the...

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Private Equity's Returns Questioned, This Time by Buffett
News 2 weeks ago
Private Equity's Returns Questioned, This Time by Buffett
Source NREI - Wire

So-called public-market equivalents are a better way to track performance, he said. (Bloomberg) -- Private equity firms, which are attracting...

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Is U.S. Economy Solid or Needing Rate Cut? Jobs Data Back Both
News 3 weeks ago
Is U.S. Economy Solid or Needing Rate Cut? Jobs Data Back Both
Source NREI - Wire

The new jobs report showed that the economy is strong, but that it’s not enough to revive inflation. (Bloomberg)—The U.S. jobs report had something...

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Walmart's New Workplace: Gold Stars, `Attitude Cards' and Cheers
News 3 weeks ago
Walmart's New Workplace: Gold Stars, `Attitude Cards' and Cheers
Source NREI - Wire

Walmart is testing out a new framework for operating its stores in 75 locations. (Bloomberg)—Walmart Inc. wants to change how its work gets done....

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Robots Edge Closer to Unloading Trucks in Amazon-Era Milestone
News 3 weeks ago
Robots Edge Closer to Unloading Trucks in Amazon-Era Milestone
Source NREI - Wire

Siemens AG and Honeywell International have built robots that pull packages from the back of tractor-trailers and put them on conveyor belts. ...

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10 Must Reads for the CRE Industry Today (May 3, 2019)
News 3 weeks ago
10 Must Reads for the CRE Industry Today (May 3, 2019)
Source NREI - Wire

MarketWatch looks at small U.S. cities that are seeing an influx of millennials. Forbes explores how a downturn would impact real estate...

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10 Must Reads for the CRE Industry Today (May 2, 2019)
News 3 weeks ago
10 Must Reads for the CRE Industry Today (May 2, 2019)
Source NREI - Wire

The Wall Street Journal looks at how congestion pricing in New York City will affect the area’s commercial real estate. Malls, such as Garden State...

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LendingClub to Slash San Francisco Office, Move 350 Jobs to Utah
News 3 weeks ago
LendingClub to Slash San Francisco Office, Move 350 Jobs to Utah
Source NREI - Wire

Online loan marketplace LendingClub is moving its customer support stuff from San Francisco to Utah. (Bloomberg)—LendingClub Corp., the online-loan...

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Retailers Are Tracking Where You Shop -- and Where You Sleep
News 3 weeks ago
Retailers Are Tracking Where You Shop -- and Where You Sleep
Source NREI - Wire

Malls and retailers are using location data to lure customers to their properties. (Bloomberg)—Retailers are finding all kinds of uses for location...

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10 Must Reads for the CRE Industry Today (May 1, 2019)
News 3 weeks ago
10 Must Reads for the CRE Industry Today (May 1, 2019)
Source NREI - Wire

An IPO could help WeWork maintain its rapid growth, according to the Wall Street Journal. FTC has shut down the largest real estate investment scam...

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NYC Lacks ‘Growth Engines’ for Tech, JPMorgan’s Schwartz Says
News 3 weeks ago
NYC Lacks ‘Growth Engines’ for Tech, JPMorgan’s Schwartz Says
Source NREI - Wire

Doug Schwartz, chief investment officer of Americas real estate with JP Morgan Asset Management, said New York lacks leading tech companies. ...

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10 Must Reads for the CRE Industry Today (April 30, 2019)
News 3 weeks ago
10 Must Reads for the CRE Industry Today (April 30, 2019)
Source NREI - Wire

The New York Times looks at how old malls are being converted into offices. WeWork filed for an initial public offering with U.S. regulators,...

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Matching Amazon's One-Day Pledge Won't Be Too Hard for Walmart
News 1 month ago
Matching Amazon's One-Day Pledge Won't Be Too Hard for Walmart
Source NREI - Wire

Walmart could "easily" match Amazon's one-day delivery, according to an analyst familiar with Walmart's strategy and operations departments. ...

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Norway Wealth Fund Beefs Up Logistics Portfolio Amid Trade War
News 1 month ago
Norway Wealth Fund Beefs Up Logistics Portfolio Amid Trade War
Source NREI - Wire

Norges Bank Investment Management bought a 45-percent stake in three properties in Orange County, calif. for $55.6 million. (Bloomberg)—Norway’s...

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10 Must Read Items for the CRE Industry Today (April 23, 2019)
News 1 month ago
10 Must Read Items for the CRE Industry Today (April 23, 2019)
Source NREI - Wire

San Francisco property owners must now register a vacant storefront within 30 days or face a $2,844 fine, reports the San Francisco Chronicle....

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Jefferies Backs Firm Led by Ex-Blackstone, Carlyle Directors
News 1 month ago
Jefferies Backs Firm Led by Ex-Blackstone, Carlyle Directors
Source NREI - Wire

Stonyrock Partners, a new firm led by former Blackstone and Carlyle Group executives, will buy stakes in private equity, real estate,...

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10 Must Reads for the CRE Industry Today (April 19, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (April 19, 2019)
Source NREI - Wire

Sears sues Eddie Lampert for stripping it of its assets, reports the Wall Street Journal. New York’s population is decreasing, according to The New...

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World's Tallest Modular Hotel Set to Rise in Manhattan's NoMad
News 1 month ago
World's Tallest Modular Hotel Set to Rise in Manhattan's NoMad
Source NREI - Wire

Marriott International plans to build the world’s tallest modular hotel in New York City. (Bloomberg)—The world’s biggest hotel company is betting...

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Opportunity Zone Rules Aim to Draw Capital to Distressed Areas
News 1 month ago
Opportunity Zone Rules Aim to Draw Capital to Distressed Areas
Source NREI - Wire

Opportunity Zone funds will have a more flexible timeline to invest is distressed areas, according to the newly released rules for the tax break. ...

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10 Must Reads for the CRE Industry Today (April 17, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (April 17, 2019)
Source NREI - Wire

Blackstone is looking at selling the Cosmopolitan hotel in Las Vegas, reports the Wall Street Journal. Artemis Real Estate Partners has raised a $1...

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