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- U.S. holiday-shopping season gets strong start
U.S. retail sales during the long Thanksgiving weekend reached $59.1 billion, 12.8% higher than in 2011, according to the National Retail Federation. Online sales for Black Friday, the traditional opening of the holiday-shopping season, topped $1 billion for the first time. Retail sales in November and December are expected to increase 4.1%, the trade group said. Reuters
(11/26), PCWorld
(11/25), Bloomberg
(11/25)     
| Capital Markets | | |
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- Olazabal: The secret to REITs' resiliency
REITs proved their model is resilient to stresses during the recession, Josh Olazabal, vice president and credit analyst with PIMCO, said at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. He attributes the resiliency in part to REIT bonds' covenant packages. "During the downturn, we saw that those limitations on debt basically kept the companies from going overboard and essentially ensured that they would be viable through the downturn," he said. REIT.com
(11/21)
| Investment News | | |
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- "Fiscal cliff" could bring volatility back to Wall Street
Wall Street's measure of market anxiety, the CBOE Volatility Index .VIX, commonly referred to as the VIX, has been falling for quite a while. The VIX's 200-day moving average is at its lowest point in five years. That could change if talks in Washington, D.C., to head off the "fiscal cliff" run into serious trouble. Reuters
(11/25)
| Real Estate Marketplace | | |
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- Retail REITs use high-tech to stay on top of Black Friday trends
Retail REITs such as Tanger Factory Outlets and Taubman Centers turned to technology to drive and monitor traffic in their shopping centers for Thanksgiving and Black Friday. These included applications for consumers, in the case of Tanger. Taubman implemented real-time reporting of retail center traffic at some of its properties. Forbes
(11/23)
- Stewart: Industrial's recovery to continue at gradual pace
The industrial sector's recovery should continue at a steady pace, says John Stewart, senior analyst with Green Street Advisors, at REITWorld 2012.
"Provided that interest rates don't rise, which is a big wild card, we think there is a good possibility that we could have room to run in the industrial sector." REIT.com
(11/21)
| NAREIT News | | |
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REIT Magazine Lands New Online Home
REIT: Real Estate Investment Today, the bimonthly magazine published by NAREIT, has a new online home at RealEstateInvestmentToday.com. The new site features all the content of the award-winning print magazine and adds exclusive video and news content created just for REIT magazine readers. Now available on the site is the November/December issue of REIT magazine, which features articles on how various segments of the REIT industry are positioned heading into 2013.
| Policy Watch | | |
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- Schwab CEO calls for money fund reform compromise
Walt Bettinger, chief executive officer at Charles Schwab, argues that it's time for the industry and regulators to reach a compromise on reform of the money market fund industry. Bettinger said Schwab is in favor of requiring some funds to have a floating net-asset value. "As far as risk goes, not all money-market funds are alike," he said. Reuters
(11/23), The Wall Street Journal
(11/22)
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