Commercial Real Estate
Top stories summarized by our editors
9/18/2018

Among the reasons returns have been unimpressive, even as fundamentals remain stable, is the trend of increased supply in many asset classes, real estate investor Scott Crowe told Nareit. However, select markets around the globe present opportunities, investor Jay Leupp said.

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Nareit
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Scott Crowe, Jay Leupp, NAREIT
9/18/2018

The Och-Ziff Capital Management Group hopes to raise $2 billion for its fourth real estate fund by the end of this year, according to sources. Other activities in the hedge fund's real estate group include $750 million raised for real estate debt strategy and $150 million for affordable-housing investment, the sources say.

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Capital Management Group
9/18/2018

The national occupancy rate for skilled nursing facilities dropped by 79 basis points in the second quarter to 81.7% in an continuing response to policy changes and other pressures. Year-over-year occupancy dropped by 137 basis points, according to the National Investment Center for Seniors Housing and Care.

9/18/2018

Developers will begin construction next year on the TSX Broadway building in New York City's Times Square, a 46-story tower wrapped in LED screens. The building is expected to be home to retail showrooms and spaces for new product launches, interactive shopping and other experiences.

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Fast Company online
9/18/2018

Easterly Government Properties has picked up eight properties in Texas, Illinois, New York, Pennsylvania and West Virginia for $244 million. It plans to buy an additional six properties by year's end for a total of about $430 million.

9/18/2018

The Trump administration said Monday it will impose 10% tariffs on $200 billion in Chinese imports, effective Sept. 24, and the rate will rise to 25% on Jan. 1. "We remain concerned with the continued escalation of tariffs against China [and] the impact of the wide swath of consumer goods -- everything from baby products to furniture to lighting was on that list," the National Retail Federation's Jonathan Gold said.

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NBC News, CNN
9/18/2018

In Lake Houston and Humble, Texas, sales tax revenue is beginning to grow again as businesses recover from Hurricane Harvey's impact in 2017. New establishments in the region also are helping to fill the gap after many retail establishments were forced to close due to the destruction.

9/17/2018

Walmart-owned e-commerce firm Jet has leased a 205,000-square-foot Bronx, N.Y., warehouse that will serve the company's growing focus on New York City. Walmart's big-box strategy kept the retailer out of the market for a long time, but it's making inroads with a new strategy that focuses on acquiring smaller companies and promoting trendy brands.

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Walmart, Jet
9/17/2018

Hundreds of retailers and restaurants in the Carolinas started closing last Thursday as Hurricane Florence approached, and many of them began reopening Sunday after the worst of the storm's deluges had passed. The storm was forecast to cost retailers about $700 million in lost sales, according to Planalytics.

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Carolinas
9/17/2018

Government Properties Income Trust is acquiring Select Income Real Estate Investment Trust and intends to rename the combined REIT Office Properties Income Trust. Once the deal closes, the renamed company plans to sell up to $750 million in properties.