Commercial Real Estate & Business News September 4, 2019

Lego to Open 160 Stores as Other Toy Retailers Suffer Lego is rapidly increasing the number of its own-brand stores and investing heavily into ecommerce as it seeks to navigate the turmoil in the toy industry. Niels Christiansen, Lego’s chief executive, said on Tuesday it would open more than 160 new stores this year – an increase of almost 40 per cent, as the Danish toymaker draws the lessons…»
In Search of Yield, More Multifamily Investors Explore Affordable Housing, Smaller Markets
In late August, investment firm Starwood Capital Group bought 21 affordable housing properties in Florida and Texas containing a total of 4,448 apartment units. According to Mark Keatley, managing director at Starwood Capital, the firm is “confident this portfolio is well-positioned to deliver attractive risk-adjusted returns to our…»
US Net Lease Outperforms Broader CRE Market
US net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors for office and industrial assets, according to CBRE. Net-lease investment-comprising office, industrial and retail properties-climbed 17.2% year-over-year in the first half of 2019 to…»
Rising Valley Rents Drive Some Tenants to Older Office Buildings, Expert Says
As rents for Class A office properties continue to increase and low vacancy rates in hot office markets like Tempe make it difficult for companies to find space in the most desirable markets, some users are eyeing Class B office properties or less popular submarkets when looking for places to rent in the Valley. Charles Miscio, senior…»
Trinity, Elliott Buy JW Marriott Desert Ridge Resort & Spa
A joint venture among funds managed by Trinity Real Estate Investments LLC (“Trinity”) and funds managed by Elliott Management Corporation (“Elliott”) today announced the acquisition of the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix. This transaction follows Trinity and Elliott’s joint purchase of the Grande Lakes…»