Commercial Real Estate
Top stories summarized by our editors
9/25/2018

Grocers have opened 56 new stores in the Philadelphia market since 2015, bringing a range of options from Acme to Sprouts Farmers Market to Whole Foods Market. The growth mirrors a national trend of post-recession growth, and stores are more often serving both customers who come to shop and online shoppers picking up their orders, said Diana Sheehan of Kantar Consulting.

9/25/2018

Since July, when Singapore imposed new restrictions on the property industry, the FTSE Straits Times REIT Index has been outperforming a measure that tracks developers, indicating a shift in investor preference for Singapore's REITs. "There's been a lack of interest in developer stocks post the cooling measures and some of that capital has moved out to other sectors," said Vijay Natarajan, an analyst at RHB Research Institute Singapore.

9/25/2018

Sources say that Washington REIT is considering a sale of its retail portfolio, with one source noting that it could bring in about $800 million. According to a Washington REIT presentation, about 70% of its retail portfolio is "e-commerce resistant."

9/25/2018

The public non-listed REIT, or PNLR, sector has evolved to deliver retail investors a better product and more diversified investment strategy following a series of market and regulatory shifts, according to Anthony Chereso, president and CEO of the Institute for Portfolio Alternatives. "If you look at fee structures, the quality of asset managers [and] the portfolios that are being designed and built, it is a much better product," he said.

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REIT magazine
9/25/2018

Vornado Realty Trust has acquired the retail and commercial condominium portion of the New York Marriott Marquis for $442 million from Host Hotel & Resorts. Vornado had leased retail space in the property, a transaction that gave it the option to buy.

9/25/2018

After a flood of supply threw New York City's hotel market off equilibrium and kept room rates in check, it posted the highest occupancy rates since 2000 in the first eight months of this year, according to STR. A strong economy and increasing tourism helped boost hotel-room rates by 3.2% over the same eight-month period last year.

9/25/2018

Digital Realty Trust is acquiring Brazilian data center provider Ascenty for $1.8 billion, with the deal likely to close in the fourth quarter. Ascenty's customer base includes leading global hyperscale cloud providers.

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Data Center Knowledge
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Digital Realty Trust
9/25/2018

Ridgewood Shopping Center in Raleigh, N.C., has been acquired by Regency Centers through a joint venture in which Regency has 20% interest.

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Seeking Alpha
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Regency Centers
9/24/2018

The rapid return of Carson's and other Bon-Ton banners to online retail after the liquidation and closure of the company's stores highlights a growing trend. Retailers including Circuit City, Wet Seal and The Limited have also made online comebacks, betting they have enough fans left to support their brands on a smaller scale.

9/24/2018

Three CEOs discuss which international markets provide the best opportunities for their companies. Get the CEOs' perspective here.

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Nareit