The word “e-commerce” did not even come up until the very end of a Monday presentation about retail real estate’s challenges. Instead, speaker Suzanne Mulvee, research director at CoStar Group, talked about a perfect storm of overbuilding during the 30 years leading up to the Great Recession; a demographic shift that she said “turned against”...
Read moreExpansion-minded retail chains, restaurants and entertainment concepts that exhibit at RECon have always been the event’s lifeblood, and this year was no different. Among the first-time exhibitors this year were Xponential Fitness, a private equity-backed company amassing a portfolio of fitness franchise brands; and Speedway, the largest corporate-owned-and-operated convenience store chain east of the Mississippi....
Read moreSome homeowners are spending big on restorations of historical homes—dining by candlelight and a 110-year-old toilet. read more
Read moreBill Ackman’s Pershing Square Capital has exited its investment in regional mall REIT GGP, according to Bloomberg. The hedge fund, which invested in the REIT’s restructuring while it was going through Chapter 11 bankruptcy, sold 28 million shares back to the company for $556 million. read more
Read moreBuying apartment properties in core markets is no longer enough for multifamily REITs. These companies are expected to slow their acquisitions of individual properties this year. read more
Read moreORLANDO—The deals bring CNL Healthcare’s total investment to $300 million. The healthcare REIT has acquired 26 non-senior living healthcare facilities since making its first purchase in January 2013. read more
Read moreORLANDO—Thomas Crocker explains why his firm is investing in a market many companies have overlooked. Do you agree with the strategy? read more
Read moreLarry Silverstein, the 82-year-old developer who has played a major role in rebuilding the World Trade Center complex, is trying to wrangle better financing from government agencies to restart work on a $2.3 billion office tower on the New York site, according to people familiar with the matter. read more
Read moreYou may have gotten a mortgage through the local branch of one of the megabanks, but did you know there’s a good chance your bank turned around and sold the rights to service your loan to somebody else? read more
Read moreJust a few days after we discussed the potential wave of mergers and acquisitions in the REIT space with American Realty Capital CEO Nicholas Schorsch, news emerged that shopping center REIT Kite Realty Group struck a deal to buy Inland Diversified, a non-traded REIT, in a $1.2 billion transaction. read more
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