Three-dimensional printers have come a long way over the last few decades, and today the technology, which can print food, has the potential to disrupt the grocery industry, Joseph Coughlin writes. Future uses of 3D printing in grocery could include print-and-pickup services, smaller store fronts and recipe design and software offerings, he writes.
A US court has ruled that shareholder rights transferred to the Federal Housing Finance Agency when Freddie Mac entered conservatorship in 2008. The ruling follows a shareholder's request to view financial records of the mortgage-finance company.
Tech companies now lease 29% of the occupied office space in San Francisco, about twice the figure at the peak of the dot-com bubble in 2001. Aware of the vulnerable position this puts the city in, San Francisco has hired Beacon Economics to help it prepare for a possible downturn.
The 50-basis-point decline in the 10-year Treasury note since April has restarted real estate price appreciation by lowering financing costs. Price appreciation experienced a steady increase of more than 1% per month for the past three years and then remained relatively unchanged between August 2015 and April 2016.
The sovereign wealth fund Qatar Investment Authority has acquired 29.6 million newly issued Class A common shares in Empire State Realty Trust for a total of $622 million, giving it a 9.9% stake in the REIT.
The second-quarter earnings season showed the strength of brick-and-mortar retail stores, said CNBC's Jim Cramer. "We need to bury the whole 'death of the mall' narrative right this minute, because so many mall-based stores put up good numbers with good commentary," he said.
The new stand-alone real estate sector in the Standard & Poor's 500 index, taking effect in September, will shake up the financial sector as funds realign investments. REITs, which have close to $600 billion in market capitalization on the S&P 500 alone, will attract greater attention.
REITs that own freestanding retail properties have been doing well despite the turmoil in other sectors of the retail industry. These REITs are not exposed to big-box bankruptcies and store closures but rather focus on such tenants as drugstores, restaurants and dollar stores.
Investment in student housing assets, already at a robust level, is expected to increase as the fall buying season gets underway. Through August, transactions this year totaled $5.7 billion, up from $3.7 billion in the same time frame last year.
Forest City Realty Trust is exploring strategic alternatives for its retail holdings, which include 14 regional malls and 19 specialty retail centers. It would use any proceeds to invest in office and apartment properties.
- Page 1