Commercial Real Estate
Top stories summarized by our editors
12/5/2018

W.P. Carey expects it will continue to be a net acquirer of net lease assets in 2019, as the opportunities will remain robust, said Gino Sabatini, head of investments for the REIT. He cites companies' growing realization of the benefits of sale leasebacks.

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GlobeSt
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W.P. Carey
12/5/2018

Increased competition and the growth of e-commerce and technology have divided retailers into winners and losers, said Hap Stein, chairman and CEO of Regency Centers. He also said a physical retail presence would continue to be important for future success.

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Nareit
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Regency Centers Corp, Hap Stein
12/5/2018

VEREIT had a positive third quarter and has "narrowed the guidance up a bit, which is good," said Glenn Rufrano, the REIT's CEO. "What we really care about is health in the economy and health in our tenants," he said.

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Nareit
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Glenn Rufrano, Vereit
12/5/2018

The Greater Center City area is the fastest-growing residential area in Philadelphia, which is why Center City District expects retailers to move in around Rittenhouse Square as the region's retail expands. The area, which has 2 million square feet of retail space under construction, could see a revival of its historic department store district as well.

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Philly2Philly
12/4/2018

IKEA will open its first small-format US store in New York City next year, one of 30 "city center" stores the retailer plans to open over the next few years. Shoppers will be able to order items for home delivery at the store, and it will feature services including assembly and financing help.

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CNBC
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IKEA
12/4/2018

The spread between three- and five-year yields turned negative on Monday, dropping below zero for the first time since 2007, as did the two- to five-year gap. The more closely watched two- to 10-year spread reached its narrowest point since the same year.

12/4/2018

Credit conditions for REITs are "stable, as real estate fundamentals remain solid and REITs maintain healthy balance sheets," according to Lori Marks, a senior credit officer at Moody's Investors Service. "REITs are still able to issue unsecured debt at attractive, albeit higher, interest rates, and are also enjoying access to private capital as institutional demand for real estate remains strong," she said.

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Nareit
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Moody, Lori Marks
12/4/2018

Luxury hotels have maintained a 74.6% occupancy rate for 2018, beating the hotel sector as a whole. Rates continue to rise at high-end properties, in part because of low competition, writes Bendix Anderson.

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Bendix Anderson
12/4/2018

Chinese institutional investors sold $1.05 billion in US commercial real estate during the third quarter, an amount that far outweighed the $231 million in property acquisitions that were made during that time period, according to Real Capital Analytics. This was the second quarter in a row that Chinese investors sold more than they bought in US commercial real estate.

12/4/2018

Rexford Industrial Realty has acquired two industrial properties in Southern California for $43.5 million. One, in Chatsworth, traded for $29.5 million, and the other, in Orange County, sold for $14 million.

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Rexford Industrial Realty