{"id":1004376728,"date":"2019-12-17T07:24:55","date_gmt":"2019-12-17T15:24:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004376728"},"modified":"2020-02-18T10:10:58","modified_gmt":"2020-02-18T18:10:58","slug":"daily-reads-dec-17-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-17-2019\/","title":{"rendered":"DAILY READS: Dec. 17, 2019"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg\/\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004375894\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-december-13-2019\/media-post-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg\" data-orig-size=\"800,600\" 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;0&quot;}\" data-image-title=\"media-post-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg?w=800\" class=\"alignright wp-image-1004375894 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post-1-e1576252610904.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><a href=\"https:\/\/www.wsj.com\/articles\/real-estate-stocks-chalk-up-best-return-in-five-years-11576584003\/\" target=\"_blank\" rel=\"nofollow\">Real-Estate Stocks Chalk Up Best Return in Five Years<\/a><\/strong><\/p>\n<p>\u201cOwners of warehouses and fulfillment centers, which have capitalized on the shift to e-commerce shopping, made up the top-performing sector among real-estate investment trusts. These stocks had a total return of 46.7% in 2019 through Monday\u2019s close, led by&nbsp;Prologis&nbsp;Inc.\u2019s 53.6% return this year.\u201d<\/p>\n<p><em>\u2014The Wall Street Journal<\/em><\/p>\n<p><a href=\"https:\/\/www.connect.media\/chicago-leads-nation-in-mob-absorption-deliveries\/\" target=\"_blank\" rel=\"nofollow\"><strong>Chicago Leads Nation in MOB Absorption, Deliveries<\/strong><\/a><\/p>\n<p>\u201cChicago&nbsp;leads the nation for net absorption and deliveries of medical office product through the second quarter, CBRE says in a new report. The metro area recorded 915,000 square feet of positive net absorption during the year that ended June 30, significantly ahead of second-ranked Atlanta, which recorded 557,000 square feet during the 12-month period.\u201d<\/p>\n<p><em>\u2014Connect Media<\/em><\/p>\n<p><a href=\"https:\/\/therealdeal.com\/2019\/12\/17\/new-york-citys-biggest-multifamily-landlords-in-2019\/\" target=\"_blank\" rel=\"nofollow\"><strong>New York City\u2019s Biggest Multifamily Landlords in 2019<\/strong><\/a><\/p>\n<p>\u201cAmid breathtaking upheaval in the multifamily market\u2019s economics, the ranking of New York City\u2019s five largest rental landlords featured only one change. And four of the five top rental landlords from&nbsp;last year\u2019s rankings&nbsp;either maintained or reduced their rental holdings except for A&amp;E Realty Holdings, which increased its rent-regulated multifamily holdings.\u201d<\/p>\n<p><em>\u2014The Real Deal<\/em><\/p>\n<p><a href=\"https:\/\/www.nreionline.com\/office\/nine-most-resilient-us-office-markets\/\" target=\"_blank\" rel=\"nofollow\"><strong>The Nine Most Resilient Office Markets<\/strong><\/a><\/p>\n<p>\u201cA recession is unlikely in the coming year, but&nbsp;the market might see a mild downturn, according to Richard Barkham, global chief economist with real estate services firm CBRE. In fact, Barkham says he is seeing the most resilience in the U.S. office market in 40 years.\u201d<\/p>\n<p><em>\u2014National Real Estate Investor<\/em><\/p>\n<p><a href=\"https:\/\/austin.curbed.com\/2019\/12\/16\/21024361\/austin-rent-increase-fastest-in-us-decade-2010s\/\" target=\"_blank\" rel=\"nofollow\"><strong>Austin rents rose faster than those in any other U.S. city in the past decade<\/strong><\/a><\/p>\n<p>\u201cThe near-doubling of rent in the past decade parallels the incredibly rapid growth in the Austin area during that time and accounts, in part, for the rapid rise. Since, according to U.S. Census numbers, Austin is the&nbsp;fastest-growing large metro&nbsp;in the United States, it has more renters handing over more money to landlords, thus increasing the total amount paid.\u201d<\/p>\n<p><em>&nbsp;<\/em><em>\u2014Curbed Austin<\/em><\/p>\n<p><a href=\"https:\/\/www.bostonherald.com\/2019\/12\/16\/boston-real-estate-tax-penalizes-investors-critics-say\/\" target=\"_blank\" rel=\"nofollow\"><strong>Boston real estate tax \u2018penalizes\u2019 investors, critics say<\/strong><\/a><\/p>\n<p>\u201c&#8217;This is a modest fee on high-end transactions that will allow us to help more people than that we have currently have tools for and develop solutions for seniors, for families, for people experiencing homelessness and for people who want to stay in the neighborhoods that they help build,&#8217;\u201d Mayor Martin Walsh said.\u201d<\/p>\n<p><em>\u2014Boston Herald<\/em><\/p>\n<p><a href=\"https:\/\/www.bisnow.com\/national\/news\/commercial-real-estate\/cre-biggest-flops-of-the-decade-102245\/\" target=\"_blank\" rel=\"nofollow\"><strong>CRE\u2019S Biggest Flops of the Decade<\/strong><\/a><\/p>\n<p>\u201cIt was supposed to be a decade of recovery and rebuilding after the knockout punch of the Great Recession. Instead, the last 10 years saw the longest bull market in history, a roaring investment climate and a stretch of innovation and discovery that changed not just commercial real estate, but the way we all live (there wasn\u2019t always an app for that).\u201d<\/p>\n<p><em>\u2014Bisnow<\/em><\/p>\n<p><a href=\"https:\/\/www.post-gazette.com\/business\/development\/2019\/12\/16\/Apple-Oakland-Walnut-Capital-Athletic-Association-building\/stories\/201912160101\/\" target=\"_blank\" rel=\"nofollow\"><strong>Does Apple have its eye on Oakland?<\/strong><\/a><\/p>\n<p>\u201cAccording to multiple real estate sources, the California technology giant \u2014&nbsp;the maker of iPhones, iPads and Mac computers \u2014&nbsp;is talking to Walnut Capital about taking up to 90,000 square feet of space in the Pittsburgh Athletic Association building on Fifth Avenue in Oakland, just across from the University of Pittsburgh\u2019s Cathedral of Learning.\u201d<\/p>\n<p><em>\u2014The Pittsburgh Post-Gazette<\/em><\/p>\n<p><a href=\"https:\/\/www.ajc.com\/business\/ponce-city-market-developer-offers-atlantans-chance-invest-local-projects\/zmm2Z6QrdJdl6tWYdEwMCN\/\" target=\"_blank\" rel=\"nofollow\"><strong>Ponce City Market developer offers Atlantans a chance to invest in local projects<\/strong><\/a><\/p>\n<p>\u201cIt\u2019s part of a new initiative by&nbsp;Jamestown, the firm behind properties such as Ponce City Market and Westside Provisions. In a new effort called&nbsp;\u201cJamestown Invest,\u201d the company is offering Atlantans a chance to add real estate investments to their portfolio&nbsp;\u2014 for a minimum of&nbsp;$2,500.\u201d<\/p>\n<p><em>\u2014<\/em><em>The<\/em> <em>Atlanta Journal-Constitution<\/em><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-16\/brooklyn-project-once-pitched-for-amazon-hq2-lands-first-tenant\/\" target=\"_blank\" rel=\"nofollow\"><strong>Brooklyn project once pitched for Amazon HQ2 lands first tenant<\/strong><\/a><\/p>\n<p>\u201cFashion brand&nbsp;Kith&nbsp;signed a lease at&nbsp;25 Kent Ave. in Williamsburg for 57,679 square feet of space, according to a statement Monday from the property\u2019s developers, Rubenstein Partners and Heritage Equity Partners. The eight-story building is the neighborhood\u2019s first ground-up commercial development in more than 40 years.\u201d<\/p>\n<p><em>\u2014Bloomberg<\/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":1004375894,"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-1004376728","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. 17, 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-17-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Dec. 17, 2019\" \/>\n<meta property=\"og:description\" content=\"Start your day smarter. 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