Commercial Real Estate
Top stories summarized by our editors
12/9/2019

Inner Grove Market II in Minnesota has been sold for $2.1 million. Caribou Coffee anchors the 8,955-square-foot shopping center.

12/6/2019

Five Below has opened upwards of 150 stores in the past 18 months, including a location on New York City's Fifth Avenue. Now, in addition to adding stores, the discount retailer is diversifying with in-store features, including new electronics offerings and video game lounges to raise brand awareness and increase sales.

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Modern Retail
12/6/2019

Retailers and malls are betting bigger on Santa to appeal to experience-seeking millennials and bring in shoppers over the holidays this year. The number of Santas available on digital booking platform GigSalad has grown 102% over the past four years, and Santa bookings are up 128%, GigSalad's Megan Price said.

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CNN
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Santa
12/6/2019

Target will open a 33,000-square-foot store in Times Square in 2022. Small-format stores have helped the retailer grow in urban areas, and the Times Square location will be its 10th small-format store in or around Manhattan.

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CNBC
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Times Square
12/6/2019

Demand for vertical warehouses located close to city centers has increased as companies strive to meet consumer expectations for faster delivery. "As factories and warehouses return to cities, energy is saved by reducing distances to consumers and workers," writes Nina Rappaport, publications director at the Yale School of Architecture.

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Yale School of Architecture
12/6/2019

Facebook is in talks to lease 700,000 square feet of space at the Farley Building, a Midtown Manhattan property owned by Vornado Realty Trust, sources said. The lease, when combined with another recent deal and the company's existing offices, would make Facebook one of New York City's largest corporate tenants.

12/6/2019

Ross Cooper, president and chief investment officer of Kimco Realty, discusses retail bankruptcies, the value-creation process and other issues in this Q&A. "The real benefit that we have at Kimco is our tenant base is majorly diversified," he notes.

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Ross Cooper
12/6/2019

Amherst Holdings is in talks to buy Front Yard Residential, a single-family REIT that had more than 14,000 US rental houses at the end of September, sources said. Front Yard launched a strategic review as part of a settlement with an activist investor earlier this year.

12/6/2019

Chinese investment in US commercial real estate declined 76% in the 12 months through September as compared to the previous year, a Real Capital Analytics report found. "Chinese investors have become net sellers as authorities in China have restricted speculative outbound investment," noted Real Capital Analytics' Jim Costello.

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Real Capital Analytics
12/6/2019

Senior Housing Properties Trust has made strides with its disposition strategy, having sold, formed agreements to sell or received offers for about $700 million worth of assets, according to Jennifer Francis, president and COO. The REIT is also growing its activities in the life science and medical office sectors.

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Nareit