Anbang Insurance Group plans to sell about $10 billion in foreign property holdings as part of an effort to clean up its balance sheet, according to sources. The Waldorf Astoria in New York City, which Anbang acquired in 2014 for $1.95 billion, will not be sold, the sources say.
For investors concerned that inflation may continue heating up as labor market conditions tighten, REITs have an important place in an inflation-protecting investment approach. Brad Case, Nareit's senior vice president, research and investor information, shows how to construct an inflation-protecting portfolio without exposing yourself to the risk of guessing wrong about an increase in the inflation rate.
The grocery sector has been taking steps to become more of an omnichannel player in the wake of Amazon's acquisition of Whole Foods last year. So far, the disruption in the sector has been minimal, but many grocers expect Amazon to become more aggressive.
Leslie Hale, poised to take over as president and CEO of RLJ Lodging Trust in August, has been with the REIT and its predecessor for 13 years. "I've really had a great career by all standards," she says.
After setting on a course change two years ago, VEREIT's portfolio diversification has been moving in a positive direction, says CEO Glenn Rufrano. The REIT's strategy for diversification includes limiting office properties to no more than 15% to 20% of its portfolio.
New tariffs are already affecting Texas retailers, with some reportedly receiving notices from manufacturers about price increases to account for rising import costs. The average American household will pay an extra $60 as a result of the tariffs, per a report from Princeton University and London School of Economics researchers.
Costco's decision to stop serving Polish hot dogs at its food courts in favor of healthier menu items has drawn opposition, and two online petitions to bring the dogs back have garnered about 25,000 signatures. Costco kept its best-selling regular hot dog on the menu, and rival Sam's Club recently brought back its Polish hot dog nationwide.
While the rise in online shopping has clearly posed challenges for many retail real estate owners and tenants, it has been an absolute boon for other sectors -- including industrial REITs. Learn more.
The New York City Council voted 45-0 for a bill requiring Airbnb to report the names and addresses of its hosts to a city enforcement agency to permit it to take action on illegal units. Liz DeBold Fusco, an Airbnb spokeswoman, said the measure was "rubber-stamped by the city council" at the request of hotel interests such as the Hotel Trades Council, which has donated thousands of dollars to city council members' campaigns.
Summer pop-ups are proving increasingly popular, especially in upscale vacation destinations like the Hamptons. "The experience of leisure shopping and capturing customers while they're relaxed and have time to browse and discover can be a very effective way to expand market share," Abrams Global founder and CEO Andrea Abrams said.
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