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Commercial Real Estate News

In this section we've added RSS feeds from several commercial property news sources.

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CoStar
The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year. The U.S. office vacancy rate ticked down another 15 basis points to 10.6% in the second quarter of 2016, well below the long-term historical vacancy rate of 11.3%. CoStar analysts...
With more than 75 million downloads since being introduced a month ago, Pokémon Go is a hot topic on traditional and social media news outlets and is seemingly in everybody’s hands. The rapid adoption of the augmented reality app by popular culture means the technology behind it is likely to go mainstream as well. And that has important implications for the real estate business as a whole. “Pokémon Go, a game that has millions of people roaming...
The nation’s second largest public employee pension fund, California State Teachers’ Retirement System (CalSTRS) said it plans to take steps to lower its risk exposure in its real estate investments in the coming year. The $189 billion fund is planning to liquidate non-strategic CRE assets, particularly those it acquired before 2008. The fund said it also will begin to exit what has been one of the strongest performing property segments annually...
Activist investor Richard McGuire III, managing principal of hedge fund Marcato Capital Management, has amassed a 5.1% share of restaurant operator Buffalo Wild Wings Inc. (NASDAQ: BWLD) in the past month. The move is widely seen in part as a real estate play as the Minneapolis-based chain “owns and operates” 603 of eateries ---more than half of its 1,160-plus eateries. Many of those corporate-owned restaurants are NNN leased properties. The firm...
Athletic apparel and sportswear maker Under Armour this week rolled out several initiatives aimed at bolstering its brand following the bankruptcy and collapse of Sports Authority, its largest customer, including a new distribution deal with Kohl’s and the lease of the former FAO Schwarz flagship store on Times Square. Under Armour Chairman and CEO Kevin Plank confirmed during the company’s earnings call Tuesday that the company would take 53,000...
      
National Real Estate Investor
The Federal Reserve did not raise interest rates at its July meeting, but may do so in September, MarketWatch reports. Sears Holdings is denying the company is conducting stealth liquidation sales, according to Fortune. These are among today’s must reads from around the commercial real estate industry.

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Restaurants have experienced weaker foot traffic and sales for about six quarters, according to RBC Capital Markets.

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It turns out that even the well-off need help in a housing market as crazy as the one in the San Francisco Bay area, and lenders are elbowing each other in a rush to provide it.

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Apartment construction in New York and San Francisco is taking its toll on landlords.

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Forbes argues it's not time to sell REIT stocks. Understanding the difference between tax assessment value and actual value can save hotel owners from a heft property bill, according to Commercial Property Executive. These are some of today's must reads from around the commercial real estate industry.

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Wall Street Journal
Concerns about Silicon Valley’s housing shortage are turning Facebook into an apartment developer.
A glut of hotel rooms in Chinese cities is forcing owners to slash rates in a bid to attract customers.
EverBank said it is in advanced negotiations with a financial services firm to be acquired for roughly $2.5 billion, potentially leading to one of the biggest banking takeovers since the financial crisis.
Global investors are on the hunt for U.K. property bargains, expecting that Brexit-fueled economic turmoil could weaken real-estate values. The drop in the value of sterling has only increased the appeal.
China’s property developers are aggressively bidding for prime public land in Hong Kong as competition heats up in a sector where Asia’s wealthiest tycoons built their fortunes.
      
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