Commercial Real Estate & Business News – December 21, 2017
Tax Bill’s ‘Biggest Beneficiaries’: CRE Owners NEW YORK CITY-“To call the changes ‘sweeping’ is an understatement, and yet it is still too early to say what the impact will be,” write Victor Calanog and Barbara Byrne Denham at Reis. Nonetheless, with passage of the Tax Cut and Jobs Act by both houses of Congress now […]
Commercial Real Estate & Business News – December 20, 2017
‘Retail Apocalypse’ Trade Prompts Contrarian Bets One of the dominant stock market narratives of 2017 has been the idea that an unstoppable Amazon will destroy traditional retailers and shopping mall owners. So fully has the spectre of retail apocalypse captured the popular investment imagination that one company began marketing a gimmicky exchange traded fund devoted […]
Commercial Real Estate & Business News – December 19, 2017
How to Survive Retail’s Next Phase While many of this year’s headlines warned of retail’s demise, the overall sentiment about the sector’s future was much more optimistic at the 2017 International Council of Shopping Center’s (ICSC) annual New York Deal Making event last week. But industry experts and panelists across the board did recognize retail […]
Commercial Real Estate & Business News – December 18, 2017
Strong November Raises Retailers’ Hopes for Holidays Retail sales in November increased 0.9% over October on a seasonally adjusted basis and were up 6% year-over-year, according to the National Retail Federation. Online and other non-store sales increased 10.5% year-over-year…» Phoenix Land and Housing Forecast: Vitality at Last Greg Vogel, CEO at Land Advisors Organization, described […]
Commercial Real Estate & Business News – December 15, 2017
Retail Sales Surge in November U.S. retail and food services sales were up by 0.8 percent in November compared with October, the Census Bureau reported Nov. 14. That was more than expected, and since the bureau adjusts for seasonal variation and holiday and trading-day differences, though not for price changes, the fact that the holidays are […]
Commercial Real Estate & Business News – December 14, 2017
Fed Ups Interest Rates, Feels Good About Economic Outlook Yes, the Federal Open Market Committee (FOMC) did what nearly everyone who pays attention to interest rates expected today: It stepped up the overnight rate that banks charge each other by a quarter-point, to a range of 1.25% to 1.50%. Known as the benchmark rate, the […]