June 28, 2017

Lidl’s Effect on Traditional Supermarkets…AND MORE

Will Lidl Cause a Major Disruption to Traditional Supermarkets?, By Donna Mitchell, NREIOnline.com

“In mid-June, the Neckarsulm, Germany-based grocery chain Lidl began opening the first 20 stores of its planned 150 locations in the U.S., an expansion that retail real estate professionals have anticipated with both curiosity and some wariness about how the brand will impact the U.S. grocery market. The company already has two distribution centers in the Southeast, to support stores in Rocky Mount, N.C.; Greenville and Spartanburg, both in S.C.; and Virginia Beach, Va.”


Pair of U.S. Construction Outlooks Reflect Continued Strong Pipeline for Commercial Developers, By Randyl Drummer, CoStar

“An overwhelming majority of respondents, 96%, surveyed for the new USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is confident that revenues will increase or remain stable this year. The CCI, a quarterly index designed to gauge the outlook and sentiments specifically for the commercial construction industry, sprang from a partnership between the Chamber, USG and Dodge Data & Analytics, ‘was born out of a need to understand the issues that affect commercial construction,’ said Jennifer Scanlon, USG president and chief executive officer.”


Co-living Overcomes Industry’s Resistance to Change, By Jennifer Castenson, Multifamily Executive

“Besides the community experience and the “roommating” co-living offers, the benefits also include thrift.”


North American Properties Breaks Ground On Affordable Edge, By Jarred Schenke, Bisnow

“The project on DeKalb Avenue will be mixed with 29,000 square feet of retail, restaurants and loft office and a pedestrian bridge to connect it to the Beltline’s Eastside Trail. The site was partly owned by Atlanta Beltline Inc., which purchased the former Aramark land two years ago in an effort to drum up interest for an affordable housing project, according to Curbed Atlanta. Edge is expected to open in 2019.”


2017–2018 Forecast: Class B and C Apartments Will Rule, By Yuen Yung, Multifamily Executive

“Domestic and global investment in multifamily housing is on the rise throughout the United States—especially for Class B and C properties. Several contributing factors have fostered this development, including an oversupply of Class A communities in combination with a drop in demand, the rising cost of homeownership, and millennials entering the market by the millions.”

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