Commercial Real Estate & Business News September 30, 2019

CCIM Report Debunks Retail Myths, Makes Predictions Don’t believe all those scary headlines about the retail apocalypse and death of the American mall. That’s the message of a report-Retail e-Volution: Predictions for 2025-produced by CCIM Institute Chief Economist K.C. Conway, in partnership with the Alabama Center for Real Estate at the University of Alabama. The 21-page analysis debunks common retail myths and…»

Developers Face Higher Costs Amid Debate Over Construction Labor Shortage
Unions, congressional lawmakers and some state attorneys general are criticizing a federal proposal to expand job training programs that could ease a U.S. shortage of construction workers that real estate developers say is driving up project costs. In response to a 2017 executive order from President Trump, the Department of Labor has proposed a rule that…»

Multifamily Industry and Its Residents Contribute Over $3 Trillion to U.S. Economy
According to a new Hoyt Advisory Services study commissioned by the National Apartment Association and the National Multifamily Housing Council, the apartment industry and its consequent residents contribute more than $3.4 trillion to the national economy annually, or more than $9.3 billion daily. Resident spending represents the largest portion with…»

What WeWork’s Slipping Valuation Means For Softbank’s Other Real Estate Investments
On its path to a now-delayed IPO, SoftBank-backed WeWork’s valuation has fallen from $47 billion to somewhere between $10 billion and $15 billion. This precipitous drop appears to be a collective repudiation of not only WeWork’s business model and SoftBank’s valuation philosophy, but of the inverted economics of big money unicorns without a path to…»

Why Investment Volumes Are Trending Down This Year
Investment volumes overall are trending lower this year compared to 2018. According to a new report from Ten-X Commercial, second quarter sales volumes increased over the sluggish first quarter; however, overall, investment volumes are down over last year. For experts, the trend isn’t a surprise. 2018 was marked by an increase in merger-and-acquisition activity, which…»