{"id":1004374460,"date":"2019-12-10T06:48:00","date_gmt":"2019-12-10T14:48:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004374460"},"modified":"2020-02-18T10:23:36","modified_gmt":"2020-02-18T18:23:36","slug":"daily-reads-dec-10-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-10-2019\/","title":{"rendered":"DAILY READS: Dec. 10, 2019"},"content":{"rendered":"<p class=\"ArticleHeader-headline\"><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004374673\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-10-2019\/media-post-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"media post\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?w=800\" width=\"300\" height=\"233\" class=\"size-medium wp-image-1004374673 alignright\" alt=\"\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><a href=\"https:\/\/www.cnbc.com\/2019\/12\/10\/uk-property-funds-flash-warning-signals-as-brexit-uncertainty-bites.html\" target=\"_blank\" rel=\"nofollow\">U<\/a><\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2019\/12\/10\/uk-property-funds-flash-warning-signals-as-brexit-uncertainty-bites.html\" target=\"_blank\" rel=\"nofollow\">K Property Funds Flash Warning Signals as Brexit Uncertainty Bites<\/a><\/strong><\/p>\n<p class=\"ArticleHeader-headline\">&#8220;Almost \u00a357 million was pulled from U.K. property funds on Thursday last week \u2014 making it the worst day so far in 2019 for British real estate fund outflows, according to the funds transaction network Calastone. November was also the third worst month so far this year for U.K. real estate funds, with outflows reaching \u00a3251 million.&#8221;<\/p>\n<p><em>\u2014CNBC<\/em><\/p>\n<p><strong><a href=\"https:\/\/azbigmedia.com\/real-estate\/big-deals\/townline-ventures-buys-midtown-phoenix-high-rise\/\" target=\"_blank\" rel=\"nofollow\">Townline Ventures Buys Midtown Phoenix High-Rise<\/a><\/strong><\/p>\n<p>&#8220;2600 Tower was developed in 1982, with all of its major building systems having been modernized, replaced or refurbished recently at an expense exceeding $5.8 million.<span class=\"Apple-converted-space\">&nbsp;&nbsp;<\/span>The 68% leased Class A high-rise contains 323,607 square feet and houses five different federal agencies.<span class=\"Apple-converted-space\">&nbsp;&nbsp;<\/span>The property also contains nine datacenters totaling \u00b125,000 square feet.&#8221;<\/p>\n<p><em>\u2014AZBigMedia&nbsp;<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.miamiherald.com\/news\/business\/real-estate-news\/article238112204.html\" target=\"_blank\" rel=\"nofollow\">The Marriotts of the World Aren&#8217;t Calling Emerging Hotels Competition Just Yet<\/a><\/strong><\/p>\n<p>&#8220;The expansion of other chains with a larger footprint is causing a discussion among the hospitality industry. Oyo Rooms, in particular, is expected to have&nbsp;more hotels than Marriott International Inc. by 2020, according to Bloomberg. The Indian hotel chain may only have one South Florida location in Pompano Beach thus far. But since launching in 2013, the chain\u2019s global footprint is worth $10 billion. Functioning like a franchise, Oyo Rooms acquires independent hotels with 150 room or less and converts them under the company brand.&#8221;<\/p>\n<p><em>\u2014Miami Herald<\/em><\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/2019\/12\/nightingale-wafra-capital-partners-land-388m-refi-for-philly-office-asset\/\" target=\"_blank\" rel=\"nofollow\"><strong>Nightingale, Wafra Capital Partners Land $388M Refi for Philly Office&nbsp;Asset<\/strong><\/a><\/p>\n<p>&#8220;The debt was co-arranged by&nbsp;Newmark Knight Frank&nbsp;and&nbsp;Walker &amp; Dunlop. The NKF team was led by&nbsp;Dustin Stolly,&nbsp;Jordan Roeschlaub,&nbsp;Nick Scribani,&nbsp;Chris Kramer,&nbsp;Dylan Kane&nbsp;and&nbsp;John Gallagher, while the Walker &amp; Dunlop team was headed up by&nbsp;David Rosenberg&nbsp;and&nbsp;Mark Silbersher. Officials at the brokerages declined to comment on the lender\u2019s identity.&#8221;<\/p>\n<p><em>\u2014Commercial Observer<\/em><\/p>\n<p class=\"fs-headline speakable-headline font-base\"><a href=\"https:\/\/www.forbes.com\/sites\/brendarichardson\/2019\/12\/09\/utah-ranks-among-the-fastest-growing-states-in-the-nation-heres-why\/#3db33b0c217f\/\" target=\"_blank\" rel=\"nofollow\"><strong>Utah Ranks Among The Fastest Growing States In The Nation, Here\u2019s Why<\/strong><\/a><\/p>\n<p>&#8220;The Beehive State ranks among the fastest-growing states in the nation, with a 1.9 percent growth in population from 2017 to 2018 and is the youngest state in the nation with a median age of 30.5 years.&#8221;<\/p>\n<p><em>\u2014Forbes<\/em><\/p>\n<p><a href=\"https:\/\/www.nreionline.com\/reits\/industrial-reits-are-expected-continue-outperforming-their-peers-2020\/\" target=\"_blank\" rel=\"nofollow\"><strong>Industrial REITs Are Expected to Continue Outperforming Their Peers in 2020<\/strong><\/a><\/p>\n<p>&#8220;Based on projected returns, the&nbsp;industrial sector&nbsp;represents one of the best investment bets over the next five years, Green Street says. For the first nine months of this year, total returns for industrial REITs ranged from 21.3 percent in the first quarter to 7.2 percent in the third quarter, according to Nareit. That compares with a range of 1.2 percent to 16.3 percent for all equity REITs.&#8221;<\/p>\n<p><em>\u2014National Real Estate Investor<\/em><\/p>\n<p><strong><a href=\"https:\/\/therealdeal.com\/2019\/12\/10\/carson-vs-the-critics\/\" target=\"_blank\" rel=\"nofollow\">Ben Carson vs. The Critics<\/a><\/strong><\/p>\n<p>&#8220;One of the few paintings in his office is of members of the president\u2019s original cabinet, including Carson, crossing a swamp behind the White House in a boat. It is signed by Donald J. Trump, his political rival-turned-ally. Just four years ago, when they were both seeking the Republican nomination for president, Trump was bashing Carson, claiming the doctor had never created a job in his life. Now, Carson is one of Trump\u2019s few remaining original cabinet members.&#8221;<\/p>\n<p><em>\u2014The Real Deal<\/em><\/p>\n<p><strong><a href=\"https:\/\/seekingalpha.com\/article\/4311452-housing-supply-crunch-will-likely-be-alleviated-in-2020\/\" target=\"_blank\" rel=\"nofollow\">Blog: Housing Supply Crunch Will Likely Be Alleviated In 2020<\/a><\/strong><\/p>\n<p>&#8220;Will the U.S. residential real estate market experience a major slump in 2020? A number of prominent real estate analysts and investors believe so. However, a number of statistics reveal a remarkable level of strength just below the real estate market\u2019s surface. Here I\u2019ll make the case that the market\u2019s strength will increasingly become evident for all to see in the coming year. I\u2019ll also argue that 2020 will be the year that the long-term U.S. housing supply shortage will begin to be alleviated as more affordable home units gradually hit the market.&#8221;<\/p>\n<p><em>\u2014Seeking Alpha<\/em><\/p>\n<p><a href=\"https:\/\/www.bisnow.com\/los-angeles\/news\/commercial-real-estate\/a-new-downtown-los-angeles-one-without-parking-102122\/\" target=\"_blank\" rel=\"nofollow\"><strong>&#8216;This is Not 1975&#8217;: Here&#8217;s Why LA And Other Cities Are Ditching Parking<\/strong><\/a><\/p>\n<p>&#8220;&#8216;We&#8217;re not getting rid of the cars. We&#8217;re not getting rid of parking,'&#8221;&nbsp;Downtown Center Business Improvement District Executive Director Nick Griffin said. &#8220;&#8216;It&#8217;s going to be more comparable to New York. We just won&#8217;t need as many cars on the street.'&#8221;<\/p>\n<p><em>\u2014Bisnow<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.sandiegouniontribune.com\/communities\/san-diego\/story\/2019-12-04\/san-diego-launching-homebuying-incentive-to-help-with-police-officer-shortage\/\" target=\"_blank\" rel=\"nofollow\">San Diego Launching Homebuying Incentive to Help With Police Officer Shortage<\/a><\/strong><\/p>\n<p>&#8216;Many San Diego officers live as far away as southwest Riverside County, where homes are cheaper but the commutes to work can be longer than 90 minutes. An analysis last year by the police officers labor union found that about 30 percent of city officers live within San Diego.&#8221;<\/p>\n<p><em>\u2014San Diego Union-Tribune<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Start your day smarter. Commercial Property Executive now delivers a daily batch of other critical content for you to read, listen to and watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004374673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004374460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DAILY READS: Dec. 10, 2019 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-10-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Dec. 10, 2019\" \/>\n<meta property=\"og:description\" content=\"Start your day smarter. 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