Commercial Real Estate
Top stories summarized by our editors
6/22/2018

Essential Properties Realty Trust tends to own retail focused on experiences, such as restaurants, fitness centers and dental clinics, CEO Pete Mavoides says. Using this approach allowed it to go public at a time when so many retailers are struggling.

6/22/2018

Senior housing REITs are selling off more properties than they are acquiring this year following a period when they were aggressive buyers. They still are buying but are waiting for near-term headwinds to subside before they pick up the pace.

6/22/2018

Hap Stein, chairman and CEO of Regency Centers, points out that new retail stores are opening despite the challenges in the sector, which is good news for the REIT. "Successful retailers want to be in well-conceived, well-located and well-merchandized shopping centers," he said.

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Nareit
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Regency Centers Corp., Hap Stein
6/22/2018

Ashford Hospitality Prime's rebranding to Braemar Hotels & Resorts has helped reinforce its focus on the luxury sector. The REIT is also taking a disciplined approach to acquisitions, evaluating many deals to make sure a property meets its financial metrics, says Richard Stockton, president and CEO.

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Nareit
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Richard Stockton, REIT
6/22/2018

Retailers need to use technology and data-driven metrics to offer "irresistible" experiences and "attract customers back to their stores," writes Apurva Kumar of LotaData. Retailers can plan better by using cameras to provide real-time image analysis and by using mobile apps to gather privacy-compliant data from consumer phones, for example.

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Forbes
6/22/2018

Consumers are getting used to the idea of shopping for groceries at malls, with 17% saying they could be encouraged to visit such locations, a Valassis survey has found. More retail property owners are adding grocery stores to their footprints to increase traffic and provide a one-stop shopping experience for consumer needs.

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Progressive Grocer
6/22/2018

Sizemore Group has created plans for a potential mixed-use space for Spring Hill Mall in West Dundee, Wash. The project will transform the campus over five to 20 years, adding offices, lodging and restaurants to the retail property.

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Spring Hill Mall
6/22/2018

Summit Design + Build has completed renovations on a retail building that's part of Clybourn Corridor in Chicago. The project included 11 new storefront window openings, custom canopies, a roof replacement and a demising wall for new tenants.

6/21/2018

Walmart has raised $16 billion in a bond issue to help pay for its acquisition of a 77% stake in India's Flipkart Group. The US-based retailer announced the acquisition shortly after revealing plans to sell its stake in UK-based ASDA, as part of a strategy to focus on markets with strong growth potential including India and China.

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Walmart, Flipkart
6/21/2018

Federal Reserve Chairman Jerome Powell says interest rate hikes should continue, as the low unemployment and higher inflation numbers are supporting the case. Bond yields spiked after Powell's comments, as he stated the current tight labor market would not lead to a 1970s-like inflation surge.

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Jerome Powell, Federal Reserve