Commercial Real Estate & Business News – May 15, 2015

Technology, demand and right-sizing are revolutionizing traditional office from every angle. O.CON: The Office Conference, hosted by Thought Leader NAIOP and held June 2425 Houston, leads the conversation on what’s driving the future of office. The inaugural O.CON will showcase creative spaces and retrofits that meet today’s demand, and talk about what to do with dinosaur inventory, hear from end-users on space requirements, and talk with developers and investors who are doing the deals… Read more »
All eyes were on the industrial real estate sector when news broke last month of the Prologis/Norges Bank mega deal. The joint venture agreed to pay $5.9 billion for KTR Capital Partners and its 60 million sq. ft. of U.S. industrial space. This followed last year’s purchase of Blackstone’s IndCor Properties and its 117 million-sq.- ft. portfolio by GIC, Singapore’s sovereign wealth fund. The transaction set records at a massive $8.1 billion, and became the largest transaction in the history of the industrial asset class… Read more »
Trader Joe’s is America’s favorite grocery retailer for the third year in a row, according to a study of more than 7,200 consumers by Market Force Information. Publix ranked a close second and Aldi was third… Read more »
For the first time on record in December, monthly sales at restaurants exceeded grocery stores sales, according to data from the U.S. Census Bureau. This development was hinted at through preliminary data releases in recent months, but was officially confirmed by today’s annual benchmark of Census data… Read more »
If you want to understand the health of retail – follow the money. It ends up in a relatively small number of cash registers anyway. Just 10 food, staples and general retailers in the broad Standard & Poor’s 1500, including giant Wal-Mart (WMT), drugstore CVS Health (CVS) and membership-based seller Costco Wholesale (COST) collected two-thirds of all the revenue generated by this broad universe of publicly traded retailers over the past 12 months, according to a USA TODAY analysis of data from S&P Capital IQ based on most recently available data. The remaining 89 retailers account for the remaining third of revenue… Read more »