Commercial Real Estate
Top stories summarized by our editors
8/21/2017

Senior-housing developers are building a new concept in Manhattan despite doubts about how widespread the appeal will be: luxury housing in urban locations for assisted living. The "absolute lack of supply of this product provides some comfort that even though these are pioneering projects, there will be demand," says Michael Knott, managing director at Green Street Advisors.

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Bloomberg
8/21/2017

Single-family home rental REITs have established themselves as long-term players providing additional housing options at a time when the housing market continues to recover. This commentary reviews this REIT market segment's rapid growth and the outlook for what may lie ahead.

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NAREIT
8/21/2017

Quality Care Properties has filed suit to remove HCR ManorCare as the operator of its skilled-nursing and assisted-living facilities in order to replace it with a court-appointed receiver over unpaid rent. Quality Care Properties also wants to evict HCR ManorCare and find new operators for the properties.

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Quality Care Properties, HCR
8/21/2017

Northshore Mall in Peabody, Mass., is investing in a multimillion-dollar project to improve its landscape, food offerings, and community event and performance opportunities. Retail centers continue to add new retailers, but they also see the value in adding more experiences to providers as they combat e-commerce.

8/21/2017

Midway Shopping Center's owner, Rick Birdoff and RK Midway, has come to an agreement with Minnesota United and its owner, Bill McGuire, to allow Minnesota United to take possession of the retail area. The move allows for the building of a $200 million soccer stadium, while requiring some tenants to vacate the property.

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Soccer, retail area
8/21/2017

Union, N.J., may see the development of a new shopping center, with spaces ranging from 1,200 to 9,500 square feet. Levin Management Corp. will build, lease and manage the property.

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Chain Store Age
8/21/2017

The 182,453-square-foot North Heights Plaza outside Dayton, Ohio, has been sold. The retail center, which recently lost Hhgregg, features Dick's Sporting Goods, Big Lots and Five Below.

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Five Below, Dick, HHGregg
8/18/2017

Commercial real estate fundamentals remain healthy, according to a majority of investors questioned for the Marcus & Millichap/NREI Investor Sentiment Survey for the third quarter. While sentiment is still positive, there is "emerging investor caution because they are not sure what will happen with the range of policies on the table," said John Chang, a research vice president at Marcus & Millichap.

8/18/2017

Suburban office markets that also have a vibrant live-work environment and access to transportation offer higher growth potential to investors and are better positioned to perform over the long term due to strong demand and demographics, according to a CBRE survey of the 25 largest suburban markets. "These submarkets contain institutional-quality product but have yet to record the same level of rent growth, and subsequently, the pricing levels seen in CBDs and secondary business districts," wrote CoStar Portfolio Strategy analysts Paul Leonard and Marcos Pareto in a white paper.

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CoStar Group
8/18/2017

Stakeholders in REITs' sustainability projects agree that forward-looking investments are worthwhile even though returns are still being quantified. REITs are focusing their efforts on four areas as they take their green investments beyond the established methodologies: green leases, solar power, fuel cell savings and smaller footprint projects.

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REIT magazine
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solar power