Commercial Real Estate
Top stories summarized by our editors
10/17/2019

Authentic Brands Group and B. Riley Financial have struck a deal to buy the assets of Barneys New York in a $271.4 million cash deal, court documents show. The deal is considered a stalking horse bid, and an auction could still be held later this month if higher bids are received by Oct. 22.

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Reuters
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B. Riley Financial
10/17/2019

Abercrombie & Fitch began switching its strategy from exclusivity to inclusivity after CEO Mike Jeffries left amid slumping sales in 2014. CEO Fran Horowitz took the reins in 2017 and launched a plan last year that has included remodeling stores, creating a more seamless shopping experience and improving a loyalty program that has since more than doubled to 30 million members.

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CNBC
10/17/2019

Grocers have surpassed the restaurant, entertainment and nongrocery retail categories when it comes to superior customer experience, according to KPMG research. H.E. Butt Grocery took second place for top individual brands, Amazon placed sixth and Costco ranked eighth.

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Grocery Dive
10/17/2019

The Securities and Exchange Commission has reportedly had exploratory talks on alternative ways of going public. Some market participants want to let companies raise new capital in direct listings.

10/17/2019

Columbia Property Trust has reached a deal to acquire Normandy Real Estate Management for $100 million. Normandy's portfolio encompasses more than 30 million square feet of office space in New York, Boston, Washington, D.C., and New Jersey.

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Normandy Real Estate
10/17/2019

JLL Income Property Trust has debuted a new 1031 exchange program, marking the REIT's first foray into this sector.

10/17/2019

Multifamily investors are pondering the implications of California's new rent control law, and many had already started seeking higher cap rates for properties in Los Angeles and San Francisco. Some investors are hoping to see the state take action to bring new housing to the market.

10/17/2019

Interest rates and a focus on relative returns are among the forces driving commercial real estate capital flows, according to a panel at the New York University Schack Institute's annual Women in Real Estate Symposium. Other factors to consider are microeconomic trends and the shifting nature of real estate, including the emergence of flex office space.

10/17/2019

Housing starts dropped 9.4% last month, reaching a seasonally adjusted annual rate of 1.256 million. Also in September, residential building permits fell 2.7% to a 1.387 million annual rate.

10/17/2019

Konover South has spent $4.8 million on land in Charlotte, N.C., in order to build a 32,000-square-foot shopping center. Construction on Freeman Crossing is expected to begin early next year.