Commercial Real Estate
Top stories summarized by our editors
2/16/2018

Scannable shelf tags could be a better customer interaction than digital beacons as customers walk through stores, Lisa Lacy writes. Consumers are empowered to scan only those tags that interest them, instead of beacons broadcasting to any shopper with an app open, she writes.

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Adweek
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Lisa Lacy
2/16/2018

Housing starts reached a seasonally adjusted annual rate of 1.326 million units in January, rising 9.7% to the highest level in more than a year. Construction of multifamily properties also rose sharply, with starts increasing 23.7% last month.

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Reuters
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Commerce Department
2/16/2018

New York-based investment manager Oaktree Capital will launch Oaktree Real Estate Income Trust with an eye on raising up to $2 billion for the Oaktree Capital plans $2B nontraded REIT. It will invest in industrial, office and multifamily assets.

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CoStar Group
2/16/2018

Wage-push inflation is a thing of the past, according to analysis by Nareit economist Calvin Schnure, suggesting future increases in interest rates may be modest. REIT operating performance has been good, despite recent increases in interest rates, and Schnure advises REIT investors to ignore periods of short-term market volatility.

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Nareit
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Calvin Schnure, NAREIT
2/16/2018

Invitation Homes plans to develop 79 houses in a new subdivision in Charlotte, N.C., to be rented to tenants. Companies in this space have largely focused on acquiring properties, but as supply tightens, they are looking to development as well.

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Invitation Homes
2/16/2018

New entrants in the single-family rental home market, as well as established private equity companies, are focusing on the affordable, lower-income market, buying underperforming assets from the larger companies in this space. Last year Invitation Homes sold 220 houses in Atlanta for $22 million to Promise Homes.

2/16/2018

Green leases can facilitate cooperation between landlords and tenants, says Cliff Majersik, executive director of the Institute for Market Transformation, a national nonprofit organization that offers the Green Lease Leaders Program. Both parties come out ahead when the building is more energy-efficient and costs are equally shared, he said.

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Nareit
2/16/2018

GIC, Mount Elbert Capital Partners and OPTrust have formed EdgeCore Internet Real Estate with an initial capitalization of $800 million and the goal of investing in and developing $2 billion worth of US data centers. The properties will be in six areas, including Silicon Valley, Northern Virginia and Chicago.

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Data Center Knowledge
2/16/2018

SPI Holdings has sold a portion of Bridgepointe Shopping Center in San Mateo, Calif., to a teachers' pension fund for $125 million. The property has numerous restaurants, as well as a Target and a Home Depot.

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Home Depot
2/16/2018

The Shops Around Lenox in Atlanta has announced three new tenants, including SoulCycle, which will open its first location in the city in April. The other new tenants are Flower Child and West Elm.

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SoulCycle