Commercial Real Estate & Business News September 5, 2019
Elite Football Programs Translate to Lower Cap Rates on Student Housing Acquisitions Elite college football programs drive more investment into student housing assets at universities associated with those programs, according to several industry sources. “There definitely is a direct parallel between the two. Enrollment typically continues to grow at universities with winning football programs,” says Sean […]
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 […]
Commercial Real Estate & Business News September 3, 2019
Arizona Universities Take Different Approaches to Commercial Development University campuses have sparked private development around the Valley as developers look to capture space on the periphery of where companies and workers want to be. But with the state’s private and public universities all in growth mode, some higher education officials see the benefit of bringing commercial […]
Commercial Real Estate & Business News August 30, 2019
The Retail Apocalypse Isn’t What You Think it is When well-known retailers close large numbers of stores, it makes us take notice. Parents couldn’t miss it when Toys R Us went bankrupt. Whether or not you’ve shopped at a Sears lately, you certainly know it has shrunk massively and that J.C. Penney, Barney’s, and other stalwart […]
Commercial Real Estate & Business News August 29, 2019
The Open Office Concept Is Beginning to Show its Limitations More than anything else, office tenants want to attract and retain the right talent and are willing to pay a rent premium for office space attractive to younger workers. The open office concept has been touted as the answer, with claims that it provides collaborative, amenity-rich […]
Commercial Real Estate & Business News August 28, 2019
Construction Starts Up 2% in July At a seasonally adjusted annual rate of $849.6 billion, new construction starts in July advanced 2% from the previous month, according to Dodge Data & Analytics. This marked the third consecutive monthly increase for total construction starts, following gains of 10% in May and 9% in June. By major sector, […]