Three CEOs discuss which international markets provide the best opportunities for their companies. Get the CEOs' perspective here.
In a new report, CBRE is predicting that pricing for senior housing transactions will accelerate in the second half of the year, with Class A+ properties reaching $800,000 or more per unit. The asset class is outperforming most other commercial real estate categories, except for industrial.
Blackstone Group and its Indian partner Embassy Group have set a tentative annual yield of 6.5% to 7% for the initial public offering of India's first REIT, according to sources. Factoring in asset value appreciation and rental increases, the companies are considering marketing the IPO as having a total return of 14% to 16%, the sources said.
Nationwide, tech companies' direct office leasing comes to 20% of all activity -- close to double the 11% of five years ago, according to CBRE Group. The sector's market share will increase, "but we just don't know by how much," Colin Yasukochi, director of research and analysis at CBRE, says.
One of Saul Centers' limited liability corporations has bought an office building in downtown Bethesda, Md., for $35.5 million. Chevy Chase Land Co. sold the five-story, 69,601-square-foot property.
Sears Holdings CEO Edward Lampert is asking creditors to restructure about $1.1 billion of debt that will be due next year and in 2020 as part of his efforts to stave off bankruptcy. The restructuring proposal, which has to be approved by the board and the retailer's creditors, also calls for the sale of another $1.5 billion of real estate and the divestiture of $1.75 billion of assets.
Reven Housing REIT launched in 2012 with a focus on an asset class that was just beginning to emerge -- single-family rental housing -- but with a twist: It sought out small portfolios of modest rental homes in major markets that could deliver cash flow. Today the company owns more than 800 homes in the Southeast.
A bill in New Jersey would designate buildings once used for retail or office space that are now vacant, or at least 50% empty, as areas eligible for economic incentive. The effort aims to encourage repurposing of these properties through incentives such as making payments or starting pilot programs instead of paying taxes.
The Haven, a planned upscale retail outlet center in West Haven, Texas, will receive $5 million in grant funding for updates to area roads. The funding will help improve infrastructure to allow for the expected increase in traffic that the development will bring.
Shipments of goods from China to the US are at a four-year high as Chinese exporters rush to land deliveries before the latest US tariffs bite. A 10% levy applies to a range of Chinese goods starting Monday -- 25% starting next year -- although US retailers such as Walmart and Target have indicated they will not increase consumer prices in the near term.
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