2018’s Retail Outlook Can Be Summed Up In 3 Words — Reduce, Reuse, Recycle, By Lara O’Keefe, Bisnow
“Though retail real estate has suffered greatly from the massive closures of major brick-and-mortar retailers in the past year, there are still ample investment opportunities in the sector.”
Slow And Steady Growth: 2018 Performance Forecast For Top 4 Commercial Real Estate Sectors, By Champaign Williams, Bisnow
“Following one of the longest economic expansions in U.S. history, Colliers International economists forecast 2017 was the year of the market’s peak. Though retail real estate has suffered greatly from the massive closures of major brick-and-mortar retailers in the past year, there are still ample investment opportunities in the sector. Tenants, owners and investors could find opportunities in the sector as retailers strategically transform their business models and physical locations to embrace e-commerce and become more experiential.”
Value-Add Opportunities in the Multifamily Sector Getting Harder to Find, By Bendix Anderson, National Real Estate Investor
“The new challenge developers face is finding properties that have not already been renovated. Investors are still looking for apartment properties that can be renovated to earn more rental income. But properties with value-add potential are becoming more difficult to find.”
Economy Watch: Construction Spending Up in 2017, By D.C. Stribling, Commercial Property Executive
“During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016, the U.S. Census Bureau reported. U.S. construction spending during November 2017 came in at an annualized rate of $1.26 trillion, or 0.8 percent above the revised October figure, according to a U.S. Census Bureau report released Jan. 3. The November figure is also 2.4 percent above the November 2016 total of $1.23 trillion. During the first 11 months of 2017, construction spending nationwide amounted to $1.14 trillion, 4.2 percent more than for the same period in 2016.”
By all measures, a construction boom is shaping up for 2018, By Diana Olick, CNBC
“All signs and numbers point to a huge year for the construction industry. For all of 2017, construction added 210,000 jobs, a 35 percent increase over 2016. Construction spending is also soaring, rising more than expected in November to a record $1.257 trillion, according to the Commerce Department. That was up 2.4 percent annually.”
Atlanta Investor Acquires Large Portfolio from Piedmont Office Realty Trust, By Tony Wilbert, CoStar
“An Atlanta-based subsidiary of Utah’s Bridge Investment Group is making a major statement with the acquisition of more than a dozen office properties in eight markets across the United States.”
Target’s Plan to Pump $7 Billion into Its Stores Really Paid Off Over the Holidays, By Phil Wahba, Fortune
“Target’s $7 billion plan to fix its business paid off handsomely during the holiday season. The discount chain said on Tuesday that comparable sales, a gauge that strips out the impact of new and recently closed stores, rose 3.4% in November and December, well above its own forecasts and Wall Street’s expectations.”