Commercial Real Estate
Top stories summarized by our editors
12/14/2017

Retail sales rose 0.8% in November from October, beating expectations by economists polled by The Wall Street Journal. Retail sales increased 5.8% year over year, according to the Commerce Department.

12/14/2017

The fourth-quarter 2017 Pension Real Estate Association Consensus Forecast Survey showed members' expectations for real estate investment returns are lower for 2018 than what they expect to realize for this year. Respondents anticipate a 5.6% total return for all property types on the NCREIF Property Index next year compared with the 6.9% forecast return for 2017.

12/14/2017

The macroeconomy and real estate markets are likely to perform well in 2018. There are several issues to watch carefully, however, for economic fundamentals, financial markets and real estate. Nareit economist Calvin Schnure discusses the top issues and possible scenarios for next year.

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Nareit
12/14/2017

India's The Chatterjee Group is said to be discussing buying out the local operations of partner Vornado Realty Trust. The company teamed up with Vornado on an offshore investment platform called the India Property Fund, as well as investments in other properties.

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LiveMint (India)
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Vornado, Vornado Realty Trust
12/14/2017

The Walt Disney Co. has secured a deal worth $52.4 billion with 21st Century Fox to acquire many of its assets. Sources say the deal calls for 21st Century Fox keeping its real estate portfolio, which would allow it to rent space in Los Angeles to Disney.

12/14/2017

To accommodate increases in delivery demand, UPS and FedEx are encouraging pick-up and drop-off neighborhood centers that could alleviate some demand on porch drop-offs. Supermarket and drugstore locations can help fill consumer demand for alternative options for home delivery.

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FedEx
12/14/2017

For the week ending Dec. 9, initial jobless claims dropped by 11,000 to a seasonally adjusted 225,000, according to the Labor Department. That was lower than the 235,000 in claims expected by economists.

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Labor Department
12/14/2017

Goldman Sachs says it is more optimistic about near-term investments for the fourth quarter of 2017 and first quarter of 2018 due to encouraging early signs from the holiday season. It remains pessimistic in the long term due to "declining store traffic and apparel deflation."

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Fox Business
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Goldman Sachs
12/14/2017

Consumers who use the Mall of America's mobile app, website or Facebook page -- or Amazon Alexa's skills -- will be able to interact with the retail center's chatbot. Developed by Satisfi Labs, the location-based chatbot will answer questions and provide information in real time.

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Mall of America, Facebook, real time
12/14/2017

Powder Springs, Ga., officials held an open house Monday to showcase new designs for the city's proposed town center property and let residents voice opinions on the options. Though no formal presentation occurred, residents were able to vote on amenities they would like, such as water features, fireplace art sculpture and a multiuse lawn.