National
Pop-Up Shops Going Global
The effects of e-commerce on brick-and-mortar are on the rise and players from both sides of the line are increasingly turning to popup space. CPE talked to Patrick Burkert, co-founder & CMO of Go—PopUp, about the niche’s relationship with classic real estate and about the future of the field.
Economy Watch: U.S. Economy Strong, but Susceptible to Geopolitical Risk
Both the U.S. economy and real estate industry are enjoying stable, continued growth, but they remain vulnerable to potential policy changes and Federal Reserve moves, according to Transwestern’s latest report.
CIT to Leave Reverse Mortgage Business
The sale of Financial Freedom, CIT’s reverse mortgage servicing business, and its $900 million portfolio is expected to close in the second quarter of 2018.
The Benefits of Investing in Contaminated Sites
Developing on environmentally contaminated sites might seem like a complicated investment strategy, but the high rate of return can make it worthwhile. Winefield & Associates’ Matt Winefield and Partner Engineering and Science’s Frank Romeo share their insights on how to make these projects successful.
Economy Watch: Tech Sector Driving Office Demand
So far in 2017, the top 10 cities for office absorption include several tech-focused markets, including Brooklyn, Seattle and Santa Clara, Calif., according to a new Cushman & Wakefield report.
Economy Watch Weekly: Hurricanes’ Impact on US Job Market
Total employment was down in September, with the steepest decline in the food services and drinking places sector. Economy Editor Dees Stribling has the details on the latest jobs report, for the week ending Oct. 6, 2017.
Economy Watch: Nonresidential Project Planning Slows in September
While the Dodge Momentum Index has fallen for four consecutive months, that doesn’t necessarily indicate a turn in the building construction market, noted Dodge Data & Analytics.
Caesars Unit Completes Spin-Off of Real Estate Business
The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
Economy Watch: Nonresidential Sector Sees Employment Boost in September
This year’s hurricane season may help explain the growth in employment among nonresidential specialty trade contractors, who would have been hired to help with rebuilding efforts, noted Associated Builders and Contractors Chief Economist Anirban Basu.
Grocery-Focused REIT Completes $1B Sponsor Buy
Phillips Edison’s transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.