It has been a banner year for engagement at Nareit events. Nareit's signature conferences, REITweek and REITworld, attracted more than 4,500 REIT community members. Now is the time to make plans for 2018. Check out Nareit's full lineup of events.
Retail sales rose 0.8% in November from October, beating expectations by economists polled by The Wall Street Journal. Retail sales increased 5.8% year over year, according to the Commerce Department.
The fourth-quarter 2017 Pension Real Estate Association Consensus Forecast Survey showed members' expectations for real estate investment returns are lower for 2018 than what they expect to realize for this year. Respondents anticipate a 5.6% total return for all property types on the NCREIF Property Index next year compared with the 6.9% forecast return for 2017.
The macroeconomy and real estate markets are likely to perform well in 2018. There are several issues to watch carefully, however, for economic fundamentals, financial markets and real estate. Nareit economist Calvin Schnure discusses the top issues and possible scenarios for next year.
India's The Chatterjee Group is said to be discussing buying out the local operations of partner Vornado Realty Trust. The company teamed up with Vornado on an offshore investment platform called the India Property Fund, as well as investments in other properties.
The Walt Disney Co. has secured a deal worth $52.4 billion with 21st Century Fox to acquire many of its assets. Sources say the deal calls for 21st Century Fox keeping its real estate portfolio, which would allow it to rent space in Los Angeles to Disney.
To accommodate increases in delivery demand, UPS and FedEx are encouraging pick-up and drop-off neighborhood centers that could alleviate some demand on porch drop-offs. Supermarket and drugstore locations can help fill consumer demand for alternative options for home delivery.
For the week ending Dec. 9, initial jobless claims dropped by 11,000 to a seasonally adjusted 225,000, according to the Labor Department. That was lower than the 235,000 in claims expected by economists.
Goldman Sachs says it is more optimistic about near-term investments for the fourth quarter of 2017 and first quarter of 2018 due to encouraging early signs from the holiday season. It remains pessimistic in the long term due to "declining store traffic and apparel deflation."
Consumers who use the Mall of America's mobile app, website or Facebook page -- or Amazon Alexa's skills -- will be able to interact with the retail center's chatbot. Developed by Satisfi Labs, the location-based chatbot will answer questions and provide information in real time.
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