Commercial Real Estate & Business News – June 14, 2016

Specifically, medical providers in retail spaces represent two compelling forces directing lives in the U.S. right now: Americans are spending more on health care, and want to do so in locations that are as convenient as they are safe. Also, landlords and investors are vigilantly looking for creditworthy tenants who can also consistently draw foot traffic to their properties. Not all medical services are suited to every available retail vacancy. Good partnerships do crop up, however, and it is a formula that both landlords and real estate investors are learning to perfect…»
There seems to be a concern over how long the recovery will last. At the present time, some forecasters are suggesting a slowdown or even a recession in 2017. But it is simply too early to tell at the present time. Despite weakness in the employment report earlier in the month, recent data is relatively positive. This is good news. If the slowdown in employment turns out to be an aberration, the likelihood is that the economy will continue to plod along as it has since the recession ended. And, at least at the present time, it appears that if there were a recession, it would be mild. …»
Sagewood, a Scottsdale senior living community, has completed the expansion of its on-site, Acacia Health Center, according to Sagewood’s Executive Director Stewart Ingram. Doubling in size, the $13.2 million expansion includes another 36,300 square-feet to Acacia Health Center at Sagewood. Sixty beds have been added to the health center including a new 20-bed memory care neighborhood …»
Retail will remain an extremely popular investment vehicle among the other food groups given more passive ownership structure, low barrier to entry for ownership, intuitive nature, operating expense reimbursement structures, and predictive yields (assuming tenants are properly underwritten). Those thoughts are according to Eli Randel, director of business development at CREXi, who recently chatted with about his thoughts on all things retail. …»
With a number of metrics pointing to a more sluggish economy (though not necessarily a recession), small wonder that U.S. consumers seem a little nervous about the future, at least according to the latest University of Michigan Consumer Sentiment Index. The overall index was down in June to 94.3, compared with 94.7 in May. The drop was small, but it reflects apprehension about the future-which could restrain consumer spending at retail properties.…»