Commercial Real Estate
Top stories summarized by our editors
7/21/2017

Wall Street is betting that homeownership levels will remain low as Americans affected by the Great Recession turn to rentals instead. Major companies such as Progress Residential and Colony Starwood Homes are snapping up suburban single-family homes to rent out and are gradually growing their market share.

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Colony Starwood Homes
7/21/2017

RLJ Lodging Trust recently rejected a $24-a-share acquisition offer worth $3 billion from a private equity firm that sources identified as Blackstone. If RLJ had accepted the offer, about which it made a regulatory filing, it would have ended its bid to acquire FelCor Lodging Trust.

7/21/2017

Commercial real estate investment sales volume remains above historical levels but dropped year-over-year in the first half of 2017, according to CoStar. However, some sectors -- particularly logistics, light industrial and office -- are showing strength.

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CoStar Group
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real estate investment, CoStar
7/21/2017

Two of Canada's largest REITs, RioCan REIT and a unit of H&R REIT, are among the potential bidders for Sears Canada's assets now that the retailer has gotten the green light to entertain offers, two sources say. The REITs are currently looking at the leases but are also waiting to see how the company may be restructured before they make an offer, the sources say.

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Bloomberg
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Sears Canada, RioCan REIT
7/21/2017

To position themselves for demand related to "last mile" distribution for e-commerce retailers, institutional investors such as Canada-based Ivanhoe Cambridge and DRA Advisors are buying small warehouses in urban areas. These properties are trading higher than newer product in suburban locations, and the rents are rapidly rising.

7/21/2017

Demand is so great for medical office buildings now that cap rates have compressed to 6.2%, from their spike of close to 8.5% in 2013. "Combined with off-peak total transaction volume, the numbers seem to reflect what a lot of us are feeling, which is a very competitive market with more interested buyers than there are opportunities," says Revista's Hilda Martin.

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CoStar Group
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Revista
7/21/2017

Colony Northstar has acquired a 2.8 million-square-foot industrial portfolio from TA Realty for $201 million. The portfolio is concentrated in the Baltimore area, with 400,000 square feet in Philadelphia and Delaware.

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The Baltimore Sun
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Colony Northstar, TA Realty
7/21/2017

The changing retail ecosystem encourages the creation of multiple touchpoints within the sales process. To create a true omnichannel, seamless buying process, retailers should consider building agility into the business and developing a strategy that incorporates the new shopper's journey, writes Paula Da Silva, CitiXsys' senior vice president of sales.

7/21/2017

Inland Real Estate Acquisitions has purchased the 46,380-square-foot Denton Village shopping center. The Denton Village, Texas, property is about 40 miles north of Dallas in a strong market with job and housing growth.

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Chain Store Age
7/21/2017

Blackstone Group LP plans to sell Sintra Retail Park, Forum Sintra, Forum Montijo and the Almada Forum, all retail centers in Portugal; they could be worth more than $873 million. Jones Lang LaSalle will broker the sale.

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Bloomberg