Commercial Real Estate
Top stories summarized by our editors
10/19/2017

Walmart is in the midst of striking a deal to give Lord & Taylor dedicated selling space on the retail giant's e-commerce site, a source said. The deal is part of a bigger possible plan to create a mall-like space online that could eventually include other retailers such as Bonobos and Jet.com, the source said.

10/19/2017

Under a strategic partnership with Chinese data center developer and operator GDS Holdings, CyrusOne is making a $100 million equity investment in the company, securing an 8% stake. The announcement was a "surprising strategic shift," according to KeyBanc Capital Markets analyst Jordan Sadler, who added, "We view the investment and the Chinese market as a potentially significant opportunity, though the risk associated with an investment in GDS remains less clear."

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NAREIT
10/19/2017

Occupancy rates at senior housing properties were stable in the third quarter, despite a high level of new construction. NAREIT economist Calvin Schnure discusses how the rise of the modern retirement community, including those operated by healthcare REITs, is attracting more "young seniors" and boosting demand.

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NAREIT
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Calvin Schnure
10/19/2017

Manhattan saw its retail marketing leasing fall by almost 25% in the third quarter to 506,000 square feet. Times Square remains the most desirable location for new leases, according to CBRE.

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Times Square, CBRE
10/19/2017

Prologis' development and redevelopment activities are aimed at getting as close to affluent customers as possible in order to deliver their ecommerce orders, says CEO Hamid Moghadam. It's about finding the right piece of land in the middle of a densely populated area and building a facility that works for ecommerce customers, he says.

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CNBC
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Prologis, CEO Hamid Moghadam
10/19/2017

Some retail property owners are thinking about transitioning their properties into industrial assets, according to Dennis Duffy, director with BDO Consulting. There is a strong case for this as the need for industrial space will continue to be strong, and there is a particularly strong demand for close-in logistics centers.

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NAREIT
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Dennis Duffy, BDO Consulting
10/19/2017

Google is planning to transform its pop-up demo experiences into physical stores selling products. It will begin selling its smartphones and smart home speakers in New York City and Los Angeles this week.

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The Motley Fool, The Verge
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Google, retail space
10/19/2017

The Securities and Exchange Commission has published an update to its May 2016 guidelines for non-standard accounting metrics, covering a range of topics from presentation to such specific items as funds from operations. The SEC released its original guidance more than a year ago when it felt that the unaudited numbers were confusing shareholders.

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MarketWatch
10/19/2017

A joint venture between J.C. BAR Properties and Triple Crown Corp. has acquired the 100,250-square-foot Forks Town Center in Forks Township, Pa., from Retail Properties of America. The property features a Giant Food Stores location and was 98% occupied when the transaction was completed.

10/19/2017

Simon Property Group wants to stop a medical marijuana dispensary from opening near Philadelphia Mills in King of Prussia, Pa. Simon notes that the deed for the property forbids drugstores and illegal activities and that marijuana remains a federally protected substance.