{"id":1004394302,"date":"2020-02-25T06:18:32","date_gmt":"2020-02-25T14:18:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004394302"},"modified":"2020-02-27T06:28:58","modified_gmt":"2020-02-27T14:28:58","slug":"daily-reads-feb-25-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-25-2020\/","title":{"rendered":"DAILY READS: Feb. 25, 2020"},"content":{"rendered":"<p><strong>Can Ghost Kitchens Replace Bankrupt Mall Tenants?<\/strong><\/p>\n<p>&#8220;Retail store closures&nbsp;set an all-time record in 2019 with around 9,300 closings, according to research firm Coresight Group. In 2020, the consensus is store closures and bankruptcies will&nbsp;continue to weigh heavy&nbsp;on landlords. But despite&nbsp;these struggles, the food and beverage sector continues to expand.&#8221;&nbsp;<a href=\"https:\/\/www.nreionline.com\/retail\/can-ghost-kitchens-replace-bankrupt-mall-tenants\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>National Real Estate Investor<\/em><\/p>\n<p class=\"app_header_headline__36XRj primaryBold primaryBold-60 md_primaryBold-80 mb-2\"><strong>North Texas Warehouses Selling as Part of $730 Million Deal<\/strong><\/p>\n<p class=\"body-text-paragraph\">&#8220;Three North Texas distribution buildings are part of a $730 million purchase of warehouse properties across the U.S.&nbsp; Toronto-based WPT Industrial REIT is buying more than two dozen industrial buildings from an affiliate of Pure Industrial Real Estate Trust.&#8221; <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2020\/02\/24\/north-texas-warehouses-selling-as-part-of-730-million-deal\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Dallas Morning News<\/em><\/p>\n<p class=\"blog-post_title\"><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004394605\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-25-2020\/big-box-industrial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg\" data-orig-size=\"806,620\" 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=\"Big box industrial\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg?w=806\" class=\"size-medium wp-image-1004394605 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg\" alt=\"\" width=\"300\" height=\"231\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg 806w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg?resize=300,231 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Big-box-industrial.jpg?resize=768,591 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Records Begone: Big Box industrial Achieves New Highs<\/strong><\/p>\n<p>&#8220;According to last year\u2019s figures, this category\u2019s 6.76 percent vacancy rate turned out to be the lowest as large-footprint users returned to the market. The overall big box vacancy rate decreased by 54 basis points to 8.53 percent in the Chicago area during 2019, the lowest the rate has been since Q2 2017.&#8221; <a href=\"https:\/\/www.rejournals.com\/records-begone-big-box-industrial-achieves-new-highs-20200224\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>REJournals<\/em><\/p>\n<p><strong>Macy&#8217;s Tech Hub Brings Hundreds of Jobs to Midtown, Could Help Reinvigorate Company<\/strong><\/p>\n<p>&#8220;The company recently announced plans for a $14 million technology hub at&nbsp;Atlanta\u2019s T3 West Midtown&nbsp;facility off 17th Street that would create 630 new jobs. The majority of the positions are centered on software development in an effort to boost its online sales.&#8221; <a href=\"https:\/\/www.ajc.com\/news\/local\/macy-tech-hub-midtown-could-help-reinvigorate-company\/u3zkRGAPuiaytXb8rg2znL\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Atlanta Journal Constitution<\/em><\/p>\n<p class=\"c-page-title\"><strong>A First for Warner Center: Developer Says Yes to Affordable Housing<\/strong><\/p>\n<p>&#8220;Plans to redevelop a struggling mall into 34-acres of housing, new shops, and an event venue has become the first major project in Warner Center to incorporate affordable housing units.&nbsp;&nbsp;Developer Unibail-Rodamco-Westfield announced Friday it will include 100 rent-restricted units among the first 1,000 units it builds as part of the project.&nbsp;<a href=\"https:\/\/la.curbed.com\/2020\/2\/24\/21150888\/warner-center-promenade-mall-affordable-housing-appeal\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Curbed<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big-box industrial breaks records. Affordable housing comes to Warner Center. Can this tenant type save struggling malls? Here&#8217;s a batch of other critical content for you to read, listen to or watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004394605,"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-1004394302","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: Feb. 25, 2020 - 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-feb-25-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Feb. 25, 2020\" \/>\n<meta property=\"og:description\" content=\"Big-box industrial breaks records. 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