Trump administration tariffs on $200 billion in Chinese imports set to take effect Monday are likely to hit small merchants especially hard, and many say they'll either have to raise prices or lose profits on the goods they sell.
"[T]he smaller you are, the more vulnerable you are to the impact," NRF's David French said.
For the first time, BBB-rated bonds account for more than 40% of US corporate bonds, James Mackintosh writes. Meanwhile, Europe has replaced most of lower-rated bonds with bonds slightly above investment grade.
Duke Realty has acquired a 25.5-acre industrial development site in the Irwindale submarket of the Los Angeles area for $62.5 million. The site could support a 500,000-square-foot warehouse.
Private equity is increasingly interested in skilled nursing assets, according to a Fitch Ratings report. Many of these sales have been generated by REITs in the space, which have been repositioning portfolios.
Sources report that Blackstone Group is buying a portfolio of more than 100 warehouses for approximately $950 million. The seller of the 14 million-square-foot portfolio, which is mainly in the southeast US, is Harvard University's endowment.
The $4.6 billion purchase of Education Realty Trust by Greystar Real Estate Partners has closed. In addition to the deal, a 95%-5% joint venture between Blackstone Real Estate Income Trust and Greystar has acquired a portfolio of student housing assets for $1.2 billion from EdR.
Cohen & Steers, considered royalty today in the REIT space, comes from very humble beginnings: Robert Steers and Martin Cohen launched the company in 1986 in a 1,200-square-foot office in New York. With success under its belt, the firm is sharpening its focus with new investing strategies and possibly venturing into the REIT world's fixed-income segment.
JBG SMITH has sold a 308-unit multifamily community in Alexandria, Va., to Morgan Properties for $62.3 million. In a separate transaction, the REIT is also selling an office building in Washington, DC.
Developers Hubbard Street Group and Keeler Real Estate have received approval from the Oak Lawn, Ill., development commission to move the newly proposed Oak Lawn Commons retail project forward. The project is expected to cost as much as $40 million and will replace a vacant Kmart location with space for four tenants.
- Page 1