December 20, 2017

Atlanta Perfectly Positioned to Attract ‘Hyperscale’ Data Center Users…AND MORE

Atlanta Perfectly Positioned To Attract ‘Hyperscale’ Data Center Users, By Jarred Schenke, Bisnow

“Georgia Gov. Nathan Deal confirmed Tuesday that Dallas-based CyrusOne is expected to develop a $200M data center campus at the Riverside West Industrial Park in Douglasville. This marks the Atlanta debut for CyrusOne — a company with more than 30 data center locations and 3.8M SF around the globe — during a time when the market is showing strength with data center activity.


Senior Housing Could Be Coming To A Shopping Center Near You,  Jeremiah Jensen, Bisnow

“As struggling retail centers search for tenants, senior housing spaces could take over and repurpose the shells of big-box retail spaces. Additional benefits to converting these spaces include leveraging retail’s proximity to people and the common phenomena of undeveloped land around shopping centers.”


Grocery-Anchored Shopping Centers Begin to Experience Retail Headwinds, By Mary Diduch, National Real Estate Investor

 “Conventional wisdom posited that grocery-anchored shopping center would be immune from the Amazon effect, but it appears that the sector is evolving into a case of the haves and have nots. So far, online shopping—while taking a toll on department stores and the brick-and-mortar apparel retailers in particular—has not hit grocery stores as hard. Recent analysis from Morningstar Credit Ratings, which focused on Campbell’s soup, noted that online purchasing of grocery products hasn’t gained a lot of traction: it accounts for “a low-single-digit percentage of total sales.”” 


Construction Loans Not Hard to Find for Multifamily Projects, By Bendix Anderson, National Real Estate Investor

 “Though the terms are getting tougher, banks continue to put more money into apartment construction. ‘While banks may have eased off the multifamily/commercial real estate gas pedal, they are still growing their commercial real estate book,’ says Justin Bakst, director of capital market analytics at research firm CoStar Group.”


Industrial Real Estate Being Added to Global Investors’ Portfolios, By Michael Gerrity, World Property Journal

 “According to global property advisor CBRE, strong international investor appetite for logistics real estate fueled by e-commerce growth and demand for last-mile logistics, combined with an abundance of institutional capital in the global market, is driving increased investment in the sector that is expected to continue in 2018. Strong interest in prime logistics assets continues in most industrial hubs around the world, with $85.8 billion in total investment volume in the first three quarters of 2017–an increase of 12% year-over-year.”

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