Commercial Real Estate & Business News – December 5, 2017

Over the weekend the US Senate passed its version of the Tax Cuts and Jobs Act bill in a vote that came down to 51-49. Among many other changes to tax law the bill lowers the top corporate tax rate from 35% to 20%. …»

Two publicly-traded student housing REITs are increasingly turning to public-private partnerships to boost growth. In their third-quarter earnings calls, executives at the two REITs-American Campus Communities Inc. and Education Realty Trust Inc. (now branded as EdR)-described interest in public-private partnerships for on-campus student housing as strong.…»

The retail apocalypse has not been kind to malls. Credit Suisse recently studied the state of mall-based retail and predicted that that about one-fourth of the nation’s 1,100 shopping malls – or roughly 220 to 275 shopping centers – will close by 2022.…»

CVS Health’s $69 billion acquisition of Aetna will change the pharmacy and health-care industries alike. The deal creates the first health-care triple threat, combining CVS’ pharmacy and pharmacy benefits manager platform with Aetna’s insurance business.…»

Traditional retailers are under extreme pressure from e-commerce, but resilient and high-quality stores and malls that have already adjusted to some of these pressures may provide some relative value for institutional investors, according to a report to be released this week. …»