A summary in the ELFA News section of Monday's ELFA SmartBrief headlined "Association publishes industry compensation data" includes an incorrect link to a summary of survey results. Read the correct summary.
With rents and occupancy rates rising briskly, lenders are looking for commercial real estate deals to finance. Real estate investment trusts, banks, pension funds and private equity funds have developed an appetite for commercial property.
Woolworths topped the latest list of Australia's most valuable retailers with a brand value of $4.57 billion, followed by Coles at $3.64 billion, according to Interbrand. Bunnings Warehouse, Harvey Norman and Myer rounded out the top five.
Banks have until July 21, 2014, to conform to the Volcker rule, the Federal Reserve said. Many banks worried based on language in the Dodd-Frank Act that they would have to comply with the rule, which is not yet final, by July this year. "Our view is that the rule will become more moderate the longer it takes to finalize, especially if regulators delay until after the election," said Jaret Seiberg, an analyst with Guggenheim Securities.
Gold and other precious metals have been attracting retail investors that are bearish on the economy. But real estate trusts have been attracting twice as much capital in the past month, according to TrimTabs Investment Research.
General Growth Properties has seemingly missed a loan deadline on $225 million in debt. Monday's deadline passed without General Growth announcing it had received an extension on the loan
arranged by Goldman Sachs.