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10 Must Reads for the CRE Industry Today (September 13, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (September 13, 2019)
Source NREI - Wire

FHFA sets new limits for the GSEs on multifamily loans, reports the Wall Street Journal. Forbes looks at how real estate investors can prepare for...

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Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
News 4 months ago
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
Source NREI - Wire

A restructuring plan would call for the retailer to close at least 100 locations. (Bloomberg)—Forever 21 Inc. is preparing to close at least 100...

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Bondholders With $1.1 Billion Riding on N.J. Mall Get a Peek
News 4 months ago
Bondholders With $1.1 Billion Riding on N.J. Mall Get a Peek
Source NREI - Wire

Bondholders on American Dream will visit the complex this Thursday to see what they bet on. (Bloomberg)—Wall Street has over $1.1 billion riding on...

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Anbang Sells Luxury Hotels to South Korea's Mirae for $5.8 Billion
News 4 months ago
Anbang Sells Luxury Hotels to South Korea's Mirae for $5.8 Billion
Source NREI - Wire

Mirae posted a 10 percent deposit this week on the acquisition of 15 hotels from Anbang. (Bloomberg)—Anbang Insurance Group Co. agreed to sell a...

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WeWork Mulls Governance Changes to Save IPO
News 4 months ago
WeWork Mulls Governance Changes to Save IPO
Source NREI - Wire

WeWork financial advisers JPMorgan Chase and Goldman Sachs have created a push to reform the firm’s governance. (Bloomberg)—WeWork is considering...

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Stung Luxury Dorm Bondholders Say University Broke Promises
News 4 months ago
Stung Luxury Dorm Bondholders Say University Broke Promises
Source NREI - Wire

Bonds issued in 2017 to finance student housing at the University of Oklahoma lost a third of their value after the university terminated its lease...

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10 Must Reads for the CRE Industry Today (September 10, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (September 10, 2019)
Source NREI - Wire

Amazon's three-story warehouse can reduce delivery times in congested cities, reports the Wall Street Journal. The hotel industry continues to...

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WeWork May Sell a Lot of Junk Bonds Just Like Netflix: Executive
News 4 months ago
WeWork May Sell a Lot of Junk Bonds Just Like Netflix: Executive
Source NREI - Wire

The co-working company plans to rely on junk bonds for funding in the near term. (Bloomberg)—While WeWork is aiming for investment-grade status...

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Foreign Investment in U.S. Commercial Property Drops Almost 50%
News 4 months ago
Foreign Investment in U.S. Commercial Property Drops Almost 50%
Source NREI - Wire

Deals involving foreign investment in U.S. commercial real estate totaled $16.9 billion in the first six months of 2019. (Bloomberg)—Foreign...

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L Brands Investors Poised to Demand Answers After 35% Hammering
News 4 months ago
L Brands Investors Poised to Demand Answers After 35% Hammering
Source NREI - Wire

The company, which owns Victoria’s Secret and Bath & Body Works, has been struggling lately. (Bloomberg)—Many apparel retailers are having a rough...

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How a Manhattan Scion Built a Rural Empire
News 4 months ago
How a Manhattan Scion Built a Rural Empire
Source NREI - Wire

The son of developer Sheldon Solow has amassed 325,000 acres of agricultural land over the past two decades. (Bloomberg)—Stefan Soloviev is in his ...

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10 Must Reads for the CRE Industry Today (September 6, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (September 6, 2019)
Source NREI - Wire

WeWork's original $47 billion valuation looks far too high, reports the Wall Street Journal. Forbes looks at how much homeowners near colleges with...

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Founded in 1670 to Trade Furs, Hudson’s Bay Chases Relevance
News 4 months ago
Founded in 1670 to Trade Furs, Hudson’s Bay Chases Relevance
Source NREI - Wire

Hudson’s Bay is finding it challenging to capture millennial shoppers. (Bloomberg)—When Sears Canada announced it was closing all of its stores in...

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10 Must Reads for the CRE Industry Today (September 4, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (September 4, 2019)
Source NREI - Wire

Forbes looks at the rise of the virtual food hall. The manufacturing sector slowed in August, heightening fears of an incoming recession, reports...

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Hurricanes, Fires to Hit Insurers with Double-Digit Rate Hikes
News 4 months ago
Hurricanes, Fires to Hit Insurers with Double-Digit Rate Hikes
Source NREI - Wire

As a result of recent hurricanes and wildfires, Munich Re and Swiss Re AG might raise their property insurance rates by mid-teens on policies...

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10 Must Reads for the CRE Industry Today (August 30, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (August 30, 2019)
Source NREI - Wire

The New York Times looks at the paperwork WeWork released earlier this month. Overseas investors in office buildings and retail space became net...

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Forever 21 Prepares for Potential Bankruptcy Filing
News 4 months ago
Forever 21 Prepares for Potential Bankruptcy Filing
Source NREI - Wire

The company’s negotiations to restructure its debt have so far stalled. (Bloomberg)—Forever 21 Inc. is preparing for a potential bankruptcy filing...

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More People Are Leaving NYC Daily Than Any Other U.S. City
News 4 months ago
More People Are Leaving NYC Daily Than Any Other U.S. City
Source NREI - Wire

New York led all U.S. metro areas as the largest net loser of residents, with 277 people leaving it daily. (Bloomberg)—Scores of people are leaving...

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10 Must Reads for the CRE Industry Today (August 27, 2019)
News 4 months ago
10 Must Reads for the CRE Industry Today (August 27, 2019)
Source NREI - Wire

The yield curve has inverted to its lowest level in 12 years, reports CNBC. The three major dollar store chains sold expired over-the-counter drugs...

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Starwood Capital Buys Thousands of Affordable Rental Apartments
News 4 months ago
Starwood Capital Buys Thousands of Affordable Rental Apartments
Source NREI - Wire

The company bought 4,448 rental apartments in Texas and Florida. (Bloomberg)—Starwood Capital Group, the investment firm led by billionaire Barry...

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Amazon Joins Walmart in Blaming Tesla Solar Panels for Fires
News 4 months ago
Amazon Joins Walmart in Blaming Tesla Solar Panels for Fires
Source NREI - Wire

The company said one of its warehouses caught fire last June because of a Tesla solar panel. (Bloomberg)—Walmart Inc. isn’t the only corporation...

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10 Must Reads for the CRE Industry Today (August 21, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 21, 2019)
Source NREI - Wire

A New York University professor rips apart WeWork’s valuation, according to Business Insider. Investors are about to take a flight to quality,...

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10 Must Reads for the CRE Industry Today (August 20, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 20, 2019)
Source NREI - Wire

The Wall Street Journal compares WeWork and its competitor IWG. Opportunity zones and co-working spaces lure start-ups and investors looking for...

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10 Must Reads for the CRE Industry Today (August 19, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 19, 2019)
Source NREI - Wire

The New York Times looks at what it would take to bring about a recession next year. The U.S. Department of Housing and Urban Development to...

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10 Must Reads for the CRE Industry Today (August 15, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 15, 2019)
Source NREI - Wire

The inverted yield curve could make another interest rate cut more likely, reports CNBC. AT&T has set an October auction for 37 surplus properties,...

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Milford, CT, Officials Restrict Self-Storage Development Following Moratorium
News 5 months ago
Milford, CT, Officials Restrict Self-Storage Development Following Moratorium
Source NREI - Wire

The local zoning board will restrict new self-storage projects in the Housatonic Design District. The Milford Planning and Zoning Board unanimously...

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Macy's (M) Stock Plunges on Outlook, Department Store Fears
News 5 months ago
Macy's (M) Stock Plunges on Outlook, Department Store Fears
Source NREI - Wire

Department stores have been under pressure, facing competition from both online rivals and discount retailers. (Bloomberg)—Macy’s Inc. plunged...

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WeWork IPO Shows It’s the Most Magical Unicorn: Shira Ovide
News 5 months ago
WeWork IPO Shows It’s the Most Magical Unicorn: Shira Ovide
Source NREI - Wire

WeWork’s revenue from operational locations is scarcely higher than expenses for those locations. (Bloomberg Opinion)—I get paid to write words for...

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10 Must Reads for the CRE Industry Today (August 13, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 13, 2019)
Source NREI - Wire

More than 7,800 stores are already slated to close in 2019, reports Business Insider. The World Trade Center is still losing money, according to...

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10 Must Reads for the CRE Industry Today (August 8, 2019)
News 5 months ago
10 Must Reads for the CRE Industry Today (August 8, 2019)
Source NREI - Wire

WeWork's IPO likely to reflect on the rest of the co-working sector, reports Crain's New York Business. Forbes looks at six elements to consider...

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