Forty-five percent of the large retail and supermarket brands that filed for bankruptcy during the last 15 years shuttered all of their stores, according to Fitch Ratings. "A retailer goes into distress because it has lost its competitive edge, either due to price or real estate location, or missed execution of its operations," notes Fitch's David Silverman.
Columbia Property Trust is adding a 105,000-square-foot vertical expansion at a Washington, D.C., office located in the Capitol Riverfront District. The American Trucking Associations has pre-leased more than half of the additional space.
The top 10 states for green building -- as well as Washington, D.C. -- had 1,324 LEED-certified projects last year, according to the US Green Building Council. That is down from the previous year, when the top states and Washington, D.C., had a total of 1,971 LEED-certified projects.
An economic slowdown is not necessarily imminent, but "it would be naive to assume" that it won't happen at some point, says Ken Bernstein, president and CEO of Acadia Realty Trust. He discusses the REIT's focus on achieving the proper leverage level and having the right mix of tenants.
India will be adding 100 new malls to top-, second- and third-tier cities by the end of 2022. Though consumer spending has been sluggish, interest in entertainment venues in malls remains strong and is expected to grow, Anuj Kejriwal, CEO of Anarock Retail.
An unnamed buyer has made an offer on the 2-acre Galleria of St. Matthews in Louisville, Ky. The shopping center is being sued by former tenants who were forced to move out after the roof collapsed in July.
New York grocer Fairway has denied published reports that it is planning to file for Chapter 7 bankruptcy protection and liquidate. Parent company Fairway Group Holdings says it is now engaged in talks for a new deal, saying it "expects to soon announce a value maximizing transaction that will provide for the ongoing operations of stores."
There have been multiple attention-grabbing real estate deals for properties located on the Las Vegas Strip, but industry experts note that there is a tremendous amount of value in regional gaming assets in other parts of the country. VICI Properties would like to explore more opportunities on the Strip but will likely continue to earn the majority of its rent from regional assets, notes CEO Ed Pitoniak.
Climate change poses challenges to the world's economic systems, but central banks lack the necessary tools to address the issue, according to a report published by the Bank for International Settlements. At the same time, central banks are dealing with upheaval related to technologies that could disrupt their monopoly on issuing money.
Tech companies helped to drive a surge in leasing activity in Manhattan during the fourth quarter, a report by Transwestern found. The report found that leases totaling 8.3 million square feet of office space were signed in the last quarter of 2019 -- a tally that represents a 46% increase from Q3.