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.
• Four Trends That Are Reshaping The Commercial Real Estate Industry by Brandon Weber for Forbes.
Key excerpt:
"Many new companies and technologies have begun to bridge the gap between the tools and the problems. As a result, those new breeds of CRE tech companies that combine deep domain expertise with modern software expertise are building modern sets of tools for the industry.”
• How Data Is Saving The Retail Industry by Mallory Schlossberg of Business Insider.
Key excerpt:
“’Retailers, especially fast-fashion retailers, are always at the forefront of innovation because they work with razor thin margins and are more focused on the direct results/performance of ads than any other group,’ James Green, CEO of Magnetic, a company that specializes in providing data to marketers, said to Business Insider.”
• New Era of Health Care Expansion Bringing Shopping, Apartments, Hotels to Hospital Campuses by Randyl Drummer of CoStar.
Key excerpt:
“Nearly $100 billion in construction of new and expanded hospital medical office projects, both on and off the hospital campus, is under way across the U.S. In the current building boom, developers are as likely to be adding apartments, retail space and even hotels as more patient care facilities.”
• Student Housing Continues to Be a Strong Player in Multifamily by Lauren Shanesy and Cha’Mia Holloman of Multifamily Executive.
Key excerpt:
"With a new focus on high-end development, managers use amenities, such as rock-climbing walls, golf simulators, and lazy rivers, to attract potential renters. However, these attention-grabbing amenities aren’t what keep students around.”
• Foreign Investors View U.S. Industrial Portfolios as Solid Buy by Robert Carr of NREI.
Key excerpt:
"Erik Foster, a principal at real estate services firm Avison Young, says that industrial real estate is rivaling multifamily as one of the most preferred asset classes for foreign investors. He credits strong property fundamentals, low vacancy, increasing rental rates and a relatively low level of speculative construction (at 20 percent lower than during the pre-recession peak)."