Longtime Retail Pariah Now A Mall-Industry Darling, By Lara O’Keefe, Bisnow
“Gyms today have secured some of the most prime retail real estate around the country. That was not always the case. For years, gym tenants were unwanted by mall landlords as they were believed to provide little value, attracting visitors who were unlikely to spend money at any of the shops in the vicinity. Now, gyms are a valued addition to the tenant mix…”
Tenants In Tech, Creative And Media Industries Behind 22% Of All Trophy Space Leases, By Lara O’Keefe, Bisnow
“When it comes to tech tenants, the lust for brick-and-beam office space could be fading. Tech, creative and media industry tenants have leased more than 8.5M SF in trophy buildings across the U.S. in 2017. This means the group leased 22% of all trophy space, an increase of 7% year-over-year, according to JLL.”
Reducing Energy Consumption in CRE: ULI Report, By Barbra Murray, Commercial Property Executive
“The Urban Land Institute’s Greenprint Center for Building Performance just released Volume 8 of the Greenprint Performance Report, which indicates that commercial building owners and managers are making significant progress in decreasing energy consumption, water usage and carbon emissions.”
Proposed Tax Reform Threatens Affordable Housing, Bendix Anderson, National Real Estate Investor
“The House plan would damage the most important program for new affordable development, the federal low-income housing tax credit.”
Activism and Re-Awakened Value Hunting Sparks Private Investor Interest in Mall REITs, By Donna Mitchell, National Real Estate Investor
“REIT sector experts say the attention that the retail sector is now receiving is long overdue.”
Investors Are Piling Into This Hot Real Estate ETF, By Sarah Ponczek, Bloomberg
“Too much vanilla is growing tiresome for yield-hungry investors. So they’re trying out more exotic flavors — including a particularly hot real estate exchange traded fund.”