Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to six stories that caught our eyes in recent days:
As Anchor Stores Close, Co-tenancy Clauses Can Still Cause More Problems, By Diana Bell, NREIOnline
Key Excerpt:
“Co-tenancy clauses first became a concern for retail property owners 10 years ago, as the Great Recession put pressure on many tenants and store closings and bankruptcies spiked, according to Greg Maloney, president and CEO of Americas retail with real estate services firm JLL.”
Economy Watch: U.S. CRE Deal Volume Slows in Q2, By Dees Stribling, Multi-Housing News
Key Excerpt:
“Confidence in the market remains relatively strong, with the second quarter of 2016 marking the eighth consecutive quarter in which deal volume topped $100 billion.”
Money Is Pouring Into Property Deals Banks Won’t Touch, By Sarah Mulholland and Heather Perlberg, Bloomberg
Key Excerpt:
“With banking regulators warning of a potential real estate bubble, firms such as Blackstone Group LP and Starwood Property Trust Inc. stand to become an even larger force in the market. So-called shadow banks — lenders that fall outside of the industry’s oversight — are able to take on more risk amid calls for caution in an area that melted down during the 2008 financial crisis.”
U.S. Retail Sector Already Gearing Up for Holiday Season, By Susan Persin, Urban Land Institute
Key Excerpt:
“Warehouses and call centers will be bigger beneficiaries of holiday spending this year. The RetailNext forecast calls for a 14.9 percent growth in online sales. These estimates are in line with recent e-commerce statistics. According to the U.S. Census Bureau, e-commerce sales gained 15.8 percent between the second quarters of 2015 and 2016, and accounted for 8.1 percent of total sales.”
Activist Pressure Builds in Wake of Three-way Merger to Create $58B REIT, By Champaign Williams, Bisnow
Key Excerpt:
“MSD Capital is NorthStar Asset Management Group’s largest shareholder, and is the latest investor to voice concerns regarding the proposed three-way merger between NorthStar Asset Management, Colony Capital and NorthStar Realty Finance Corp.”
For New Luxury Rental Buildings, Bike Rooms are a Must, Multifamily Executive
Key Excerpt:
“Though they were once an afterthought on the amenity checklist, bike rooms are being outfitted to the nines. The common areas of many luxury apartment buildings are now being designed with space explicitly carved out for bicycle enthusiasts, often complete with security cameras, air pumps, equipment lockers, secure access, and even—sometimes—a great view.”