Commercial Real Estate
Top stories summarized by our editors
9/17/2018

A 51,642-square-foot mall space in Holyoke, Mass., will be transformed into a Round1 Bowling & Amusement to open in early 2019. The facility will feature a 16-lane bowling alley, an arcade, karaoke, and food and beverage options.

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Bowling & Amusement center
9/14/2018

Sears will continue closing underperforming stores after shuttering 384 locations over the past year, as it continues to work to turn around sliding sales and profits. "[W]e are hopeful that we can stabilize our store base at a meaningful level in the near future," Chief Executive Edward Lampert said.

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Sears, Edward Lampert
9/14/2018

Starbucks will create 10,000 sustainable stores across the globe by 2025, through both new store openings and renovations, the Seattle-based coffee chain said Thursday. The move to greener restaurants is expected to cut about $50 million in utility costs over the next 10 years.

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CNBC, USA Today
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Starbucks
9/14/2018

Private equity real estate managers are turbocharging their manipulation by SLOCking -- using a subscription line of credit, or SLOC. Read the commentary here.

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Nareit
9/14/2018

US retail sales rose 0.1% in August from the previous month, missing economists' forecast for a 0.4% increase, according to the Commerce Department. The July sales increase was revised upward to 0.7%.

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Commerce Department
9/14/2018

Home goods retailer RH, formerly known as Restoration Hardware, opened a $50 million, 90,000-square-foot flagship in New York City's meatpacking district last week. It's the retailer's biggest store yet, and RH plans to continue investing in brick-and-mortar retail, CEO Gary Friedman said.

9/14/2018

Pebblebrook Hotel Trust has lined up the sale of three LaSalle Hotel properties worth $715 million. Pebblebrook is planning to divest up to $1 billion in LaSalle assets following the closing of the $5.2 billion merger between the two companies.

9/14/2018

By many metrics, outlet centers are thriving, especially in comparison to regional malls. Although outlet centers make up slightly more than 1% of US retail space, some people worry that this asset class may become overbuilt.

9/14/2018

REITs and other major owners of skilled nursing assets have been very active in selling off these properties this year, paving the way for a new generation of owner-operators to enter the market. Many are younger individuals with health care backgrounds and a regional focus.

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Skilled Nursing News
9/14/2018

Groundbreaking applications based on 5G wireless networks are being developed, but consumers will have limited access to them because of the expensive infrastructure build-out that will be necessary to support them. Operational challenges also exist that will require the development of more cell towers.