Commercial Real Estate & Business News June 10, 2019
Barnes & Noble Acquired for $638 Million The nation’s largest retail bookseller has been acquired by a British hedge fund.Barnes & Noble has agreed to be acquired by Elliott Advisors UK Ltd. in an all-cash deal valued at about $683 million, including the assumption of debt. The deal follows Elliott’s June 2018 acquisition of Waterstones, the […]
Commercial Real Estate & Business News June 6, 2019
Renting Gains Momentum As Analysts Seek Signs of a US Home Price Peak A U.S. housing market that some analysts say could be closing in on a pricing peak may keep more renters from becoming homeowners, bolstering demand in the already-booming rental property and apartment sectors in the next three to five years. The latest results […]
Commercial Real Estate & Business News June 5, 2019
U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist The current U.S. economic expansion – 120 months and counting – is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for additional growth until at least 2021 before […]
Commercial Real Estate & Business News June 4, 2019
Census Reveals The Fastest-Growing Cities In The U.S.: Here’s Why Phoenix Is So Hot A business-friendly environment, plentiful job opportunities and affordable cost of living have pushed Phoenix to the top of the list of the fastest-growing cities in the United States. Newly released Census data for city population growth shows that the South and West […]
Commercial Real Estate & Business News June 3, 2019
Healthcare Clinics Become Sought-After Tenants at Shopping Centers Expect to see more healthcare clinics in shopping centers, as landlords want to capture a piece of the growing healthcare industry to boost foot traffic and sales. Today’s healthcare services in retail locations typically provide basic treatments, such as eye care, vaccinations and flu shots, routine health exams, […]
Commercial Real Estate & Business News May 31, 2019
CMBS Delinquency Rate in April Posts Another Decline, Led by Retail-Backed Loans April, the most recent month for which data is available, showed a decline in the all-property 30+ days CMBS delinquency rate, according to both Trepp and Fitch Ratings. Trepp reported that the overall delinquency rate registered at 2.82 percent, six basis points down from […]