Wall Street Journal, Dec. 18, 2016–Morris Keiko
Times Square’s flashy retail scene is known for its hordes of tourists drawn to Broadway shows, mass-market shopping options and kitsch. But asking rents have plunged 18% as more shopping moves online. That has prompted landlords to seek out more “experiential retail,” such as food and entertainment venues, and more interactive elements in stores.
Wall Street Journal, Dec. 16, 2016–Taylor, Candace
Buyer Craig Ramsey said he paid a ‘very reasonable’ $13 million for the unit in the San Francisco building, which has been beset by reports that it is sinking and tilting.
Richmond (Va.) Times-Dispatch, Dec. 19, 2016–Little, Andrew
For an industry highly dependent on leverage, the election’s fallout is hard to decipher.
National Real Estate Investor, Dec. 21, 2016–Bechtel, Gary
The search for yield is leading to great growth in marketplace lending–nearly 700 percent over the past four years.
Wall Street Journal, Dec. 20, 2016–Smith, Jennifer
United Parcel Service is investing in a logistics provider that helps companies take back and resell returned merchandise–an increasingly costly burden for retailers as consumers take their shopping online.
National Real Estate Investor, Dec. 12, 2016–Razin, Ely
The crackdown on Airbnb hosts in New York City might not be so great for the gig economy or one of the start-ups that has come to represent it, but it could be a boon for low-end hotels in prime Airbnb territory.
National Real Estate Investor, Dec. 13, 2016
Based on NREI’s November survey of industry professionals, fewer commercial real estate insiders believe that the market is at its peak than was the case in October.
Wall Street Journal, Dec. 13, 2016–Grant, Peter
Real estate data company CoStar Group took direct aim at competitor Xceligent with a lawsuit alleging Xceligent has been involved in “brazen and widespread theft” of CoStar data and photos. Xceligent denied the charge.
World Property Journal, Dec. 12, 2016–Gerrity, Michael
According to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter.
Baltimore Business Journal, Dec. 12, 2016–Simmons, Melody
The coming year will be filled with uncertainty for commercial real estate executives because of a stated push for tax reform by President-elect Donald Trump.
