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:
More Retailers Exploring Sale/Leaseback Options Putting More Property in Play, by Mark Heschmeyer, CoStar
Key Excerpt:
“Second quarter sale/leaseback activity among retailers has already kicked off following a couple of large portfolio sales from Bob Evans Farms Inc. and Bloomin’ Brands.”
Negative Rates May Cost Property Investors More, by Art Patnaude, Wall Street Journal
Key Excerpt:
“Not all investors are concerned. Given the issue has arisen from negative rates, borrowing right now ‘is still phenomenally cheap,’ said Mark Terry, funds chief financial officer at U.K. property firm Tristan Capital Partners.”
Tech, Healthcare Tenants Driving Growth in U.S. Office Sector, by Michael Gerrity, World Property Journal
Key Excerpt:
“Tech companies continued to drive growth across the nation, resulting in a scarcity of creative space in many cities. Conversely, energy-dominated markets slowed further due to sustained low oil prices.”
2016 Apartment Industry Outlook: Cautiously Confident, by Dave Borsos, Multifamily Executive
Key Excerpt:
“Part of what’s driving a conservative outlook is the economy’s painfully slow climb back from the Great Recession. Now in its 82nd month, the expansion has far eclipsed the average length (58.4 months) of expansion following a downturn.”
Experiential Retail Offers Full Engagement, by Nancy Crotti, Commercial Property Executive
Key Excerpt:
“At the heart of today’s experiential trend is the realization that Americans like to shop in stores, notwithstanding the surge of online alternatives. Last year, 65 percent of respondents to a Coldwell Banker Commercial Affiliates survey said they enjoy the experience of visiting a store or mall. That included 63 percent of Gen Xers and 60 percent of Baby Boomers.”