Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days.
• Multifamily Amenities With Staying Power by Meg White of REALTOR® Mag.
Key Excerpt:
“The must-haves for apartment and condo dwellers are changing. It’s important for property developers and managers to understand consumer expectations and have a firm grasp on which amenities will help a building stand out among a sea of similar properties.”
• Economy Watch: The Pluses, Minuses of Market Turmoil on Real Estate by Dees Stribling for Commercial Property Executive.
Key Excerpt:
“For one thing, the mass selling on the equities markets means that capital has to go somewhere else, perhaps to an investment that’s seen as more stable–real estate, in other words.”
• How to Turn Your Social Media Followers Into Residents by Alexis Krisay of Multifamily Executive.
Key Excerpt:
“The argument of whether social media is a critical part of a student housing community’s marketing strategy has been proven time and again, but what owner–operators should really be analyzing is how effectively they’re turning their social media followers into residents.”
• How Technology Is Shaping CRE by John Gates for National Real Estate Investor.
Key Excerpt:
“There is no doubt that technology has transformed our culture in every way. From how we communicate to how we buy services and how, and where, we work. But lately, technology’s impact has hit closer to home, in our industry. Technological advances in the commercial real estate (CRE) sector have accelerated exponentially in the last few years impacting tenants, investors and brokers alike.”
• Belk, Inc. to be Acquired by Sycamore Partners by Shopping Centers Business.
Key Excerpt:
“Charlotte-based Belk, Inc., the nation's largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100 percent of Belk in a $3 billion transaction.”