Commercial Real Estate
Top stories summarized by our editors
11/21/2017

New supply coming online will lead to a decline in apartment rent and revenue growth in the coming year, according to various reports. At Nareit's REITworld conference, Green Street Advisors' Cedrik Lachance got the impression that the outlook for apartment REITs will be muted in 2018.

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GlobeSt
11/21/2017

Bitcoin is making its way into the real estate sector, with several US states allowing the digital currency to be used in transactions and some real estate companies accepting bitcoin for rental payments. Companies are also experimenting with blockchain to record property sales.

11/21/2017

A Peking University study estimates that China's REIT market could be worth $1.8 trillion in the absence of tax and legal impediments. China's gross domestic product and property market value were used to create the estimate.

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China
11/21/2017

FFO of all US listed REITs was $14.8 billion in the third quarter, 7.8% higher than one year earlier, according to the Nareit T-Tracker®. FFO declined on a quarterly basis, reversing a portion of the several large gains in industry earnings in recent quarters. Fundamentals for the REIT industry remain firm, including growth of same store NOI and occupancy rates, suggesting further increases in FFO in the quarters ahead.

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Nareit
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FFO
11/21/2017

Food halls have become a hot amenity among landlords, because they attract consumers interested in dining out, entertainment and local sustainable eating. Garrick Brown of Cushman & Wakefield says the US may have 250 food halls by the end of the year, up from 105 in 2016.

11/21/2017

With warehouses in 19 countries, Prologis has 687 million square feet of space, making it the top provider of industrial space and a key player in the e-commerce industry. Ten percent of Prologis' portfolio consists of pure e-commerce tenants.

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Forbes
11/21/2017

SoNo Collection is under construction as an enclosed retail center in South Norwalk, Conn., breaking from the trend of open-air shopping centers. Owner GGP is banking on the 700,000-square-foot property bridging a gap in an affluent community by adding high-end retailers such as Bloomingdale's and Nordstrom.

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Sono Collection, GGP, Nordstrom
11/21/2017

Charter Hall Retail is selling three properties: Renmark Plaza in South Australia, a Woolworths in Tasmania and Albany Creek Square in Brisbane. The move will divest more than $69 million in noncore assets from the fund.

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Charter Hall Retail, Woolworths
11/21/2017

Simon Property Group says most retailers at its Massachusetts retail centers will open their doors at 12:30 a.m. Friday this year. The state's blue laws prevent retailers from opening on Thanksgiving.

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Boston Herald
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Simon Property Group, Simon
11/21/2017

Here's a look at Houston's retail centers when they opened their doors. Both past and present properties have changed significantly, as these photos show.